All the headlines from our Pricing Trends Topic Page, ordered by recency.
Oct 6 2011 // According to a new annual rate survey by Medical Liability Monitor, base-rate premiums for medical professional liability insurance (MPLI) continued their downward trend for a sixth consecutive year. The current soft...
Oct 3 2011 // Alabama homeowners insured by the state’s property insurer of last resort are paying less after the insurer implemented its first rate decrease in three years.The Alabama Insurance Underwriting Association last month...
Oct 3 2011 // Florida’s state’s-backed property insurer has indicated it will implement a newly-approved sinkhole rate increase even though it falls far short of what it says it needs.Insurance Commissioner Kevin McCarty...
Sep 30 2011 // The Department of Consumer and Business Services announced the pure premium rate for workers’ compensation will increase 1.9 percent starting in 2012, the first rate hike in Oregon in more than 20 years. The decision...
Sep 20 2011 // Florida residents who have sinkhole insurance through the state-backed property insurer will not have to pay a proposed statewide average 447 percent increase.Citizens Property Insurance Corp. customers will also be spared...
Sep 19 2011 // The Illinois Department of Insurance approved an 8.8 percent decrease in voluntary advisory workers’ compensation rates. The new rate, filed by the National Council on Compensation Insurance, became effective on...
Sep 19 2011 // A year after most Georgia insurers increased homeowners premiums by 9 to 23 percent, a new wave of increase requests is pending.State Farm, Georgia’s largest writer of homeowners policies, is seeking a 7 percent...
Sep 19 2011 // A workers’ compensation rate increase may be in store for Washington for 2012. A final decision is expecetd in December.The state’s Department of Labor & Industries (L&I) has asked the Workers’...
Sep 15 2011 // Alabama homeowners insured by the state’s property insurer of last resort are paying less after the insurer implemented its first rate decrease in three years.The Alabama Insurance Underwriting Association last month...
Sep 14 2011 // State Farm Insurance has filed notice seeking an average 10 percent increase in Texas homeowner rates.But company officials say discounts will be boosted to hold the actual premium hike to 1.4 percent statewide. The Dallas...
Sep 13 2011 // Florida residents who have sinkhole insurance through the state-backed property insurer will see any premium increases phased-in over a number of years based on a new policy of the insurer.The Citizens Property Insurance...
Sep 13 2011 // In an indication that the market may be hardening, commercial insurance prices in aggregate increased by nearly 1.5 percent during the second quarter of 2011. It’s the first time since the fourth quarter of 2003 that...
Sep 13 2011 // Hannover Re , the world’s third-biggest reinsurer, said it saw reinsurance prices rising by 3-8 percent next year, a brighter outlook than that of its two bigger rivals.“It is our expectation that the...
Sep 5 2011 // Oklahoma’s overhaul of its workers’ compensation laws became effective Aug. 26, 2011, and almost immediately a filing was made to reduce workers’ comp insurance rates in that state.Oklahoma Insurance...
Aug 31 2011 // A year after most Georgia insurers increased homeowners premiums by 9 to 23 percent, a new wave of increase requests is pending.State Farm, Georgia’s largest writer of homeowners policies, is seeking a 7 percent...
Aug 29 2011 // Oklahoma Insurance Commissioner John Doak announced the National Council on Compensation Insurance Inc. (NCCI) has filed to reduce workers’ compensation insurance rates in Oklahoma by 1.7 percent effective Jan. 1,...
Aug 25 2011 // Texas Medical Liability Trust announced a rate reduction for TMLT policyholders and an 18.5 percent dividend for renewing policyholders, effective Jan.1, 2012.The average rate decrease will be 6.9 percent, but will vary by...
Aug 23 2011 // Hurricane Irene, threatening to become the first hurricane to hit the United States in three years, could be the catalyst the insurance industry has been seeking in its quest for across-the-board premium increases after...
Aug 15 2011 // Reclusive insurance celebrity P/C Hard Market slipped into the U.S. for a brief visit last week but left without promising if and when he might return for an extended period.“I am having a good time just dropping by,...
Aug 11 2011 // Renewal premiums in the second quarter were essentially flat, suggesting that the soft commercial lines insurance market may be close to its bottom, risk managers report.Premiums for three of four lines tracked by the RIMS...