All the headlines from our Pricing Trends Topic Page, ordered by recency.
Apr 27 2012 // In advance of the start of hurricane season, the actuarial underwriting committee of Texas’ property insurer of last resort for coastal counties is recommending a rate increase.The committee on April 20 voted for a...
Apr 26 2012 // Selective Insurance Group, headquartered in Branchville, N.J., reported $18.1 million net income for its 2012 first quarter, a 11.7-percent decrease compared to $20.5 million income reported during the prior-year...
Apr 24 2012 // W.R. Berkley Corporation reported $135.32 million for its 2012 first-quarter net income, a 17 percent increase compared to $115.59 million income reported one year ago.CEO William R. Berkley noted that price increases are...
Apr 23 2012 // The current property/casualty market is not a “classic” hard market, yet anyway.While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
Apr 19 2012 // The Chubb Corporation reported $506 million in net income for the 2012 first quarter, down slightly — 0.59% — from $509 million income reported one year ago.The insurer’s underwriting profit improved...
Apr 19 2012 // The Travelers Companies Inc. reported $806 million in net profit for the 2012 first quarter. The first-quarter profit was down 4 percent when compared to one year ago, but the result during the year-ago period was boosted...
Apr 17 2012 // The phrase “Go west young man,” may not apply so well to the insurance industry in the nation’s most populous state.An examination of Bureau of Labor Statistics and Economic Development Department data...
Apr 17 2012 // A vast majority of corporate risk managers at U.S. companies are taking steps to prepare for a hardening property/casualty (P/C) insurance market.Professional services company Towers Watson’s annual survey also found...
Apr 16 2012 // Missouri insurance regulators report that homeowners premiums increased 5 percent between July 2011 and March 2012. The figure is based on an analysis of rates charged by insurers covering 80 percent of homes. Disaster...
Apr 12 2012 // Farmers Insurance Exchange has asked Louisiana regulators for an average 39 percent statewide increase for its 25,500 homeowner policyholders.The state insurance department is examining the request, which was filed last...
Mar 23 2012 // Some North Carolina homeowners are seeing premium increases this year due to a fire rating change. And North Carolina officials say those increases in insurance premiums stem from the use of technology by insurers and not...
Mar 19 2012 // Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose. Additionally, earned price...
Mar 19 2012 // A report on Arizona’s property/casualty insurers issued recently shows a drop in written premiums to $7.4 billion, and a large increase in losses incurred to $6.4 billion for 2010.The report, from the Arizona...
Mar 19 2012 // It’s been more than 10 years since Massachusetts raised its workers’ compensation average rates. Is it time for a rate hike? The state’s insurance commissioner Joseph Murphy will hold a public hearing on...
Mar 19 2012 // Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose. Additionally, earned price...
Mar 19 2012 // Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose.Additionally, earned price increases...
Mar 15 2012 // An annual report from the Workers’ Compensation Insurance Rating Bureau of California shows that for the second consecutive year statewide workers’ compensation premiums levels rose in 2011, but that...
Mar 12 2012 // Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose.Additionally, earned price increases...
Mar 8 2012 // Massachusetts insurance commissioner Joseph Murphy will hold a public hearing March 30 to examine a rate increase request from The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB).The...
Mar 5 2012 // With interest rates low and looking like they will stay low for some time, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments.However, P/C insurers...