All the headlines from our Pricing Trends Topic Page, ordered by recency.
Aug 8 2011 // While state officials are trying to digest Citizens Property Insurance Corp.’s proposed triple-digit sinkhole rate increase, other elected officials are taking their case to the public.Senator Mike Fasano, R-New Port...
Aug 4 2011 // Florida Chief Financial Officer Jeff Atwater has urged state insurance regulators to consider an affordable “glide path” for homeowners seeking to buy sinkhole insurance from Citizens Property Insurance...
Aug 3 2011 // Meadowbrook Insurance Group Inc., based in Southfield, Mich., reported second quarter 2011 net operating income of $8.5 million, compared to $12.6 million for the same period last year.The accident quarter combined ratio...
Aug 2 2011 // Columbus, Ohio-based State Auto Financial Corp. reported a second quarter 2011 net loss of $201.4 million, or $5.01 per diluted share, versus a net loss of $26.2 million, or $0.66 per diluted share, for the second quarter...
Aug 1 2011 // Florida’s consumer advocate says Allstate’s two Florida home insurers are among the state’s best run and deserve double-digit rate increases along the lines they have requested.The Allstate units, Castle...
Aug 1 2011 // Property/casualty insurance companies have faced tough economic decisions over the last few years. Experts and analysts have expressed concern over soft pricing exhibited in the underwriting cycle. To avoid the...
Aug 1 2011 // Florida property owners who purchased coverage from the state- run property insurer have seen their premiums increase by an average $476 as a result of the insurer inspecting their property.Citizens Property Insurance...
Jul 28 2011 // Pricing in the U.S. commercial property/casualty market showed modest increases in the second quarter of this year, compared with the first quarter.That’s according to The Council of Insurance Agents &...
Jul 28 2011 // Florida residents who purchase sinkhole insurance through the state-back Citizens Property Insurance Corp. could be looking at increases of more than 400 percent for the optional coverage next year.By a 4-0 vote, the...
Jul 27 2011 // Florida’s largest insurer of homes and businesses, state-backed Citizens Property Insurance Corp., will ask its board to approve a sizable premium increase — 400 percent– for providing coverage on...
Jul 22 2011 // BOISE, Idaho (AP) _ The federal government will assume the responsibility of reviewing increases of 10 percent or more in health insurance premiums proposed by private Idaho insurance companies starting later this fall.The...
Jul 19 2011 // In response to the recent enactment of the Illinois workers’ compensation reform measure, House Bill 1698, workers’ compensation insurance database manager National Council on Compensation Insurance Inc. filed...
Jul 18 2011 // Florida property owners who purchased coverage from the state’s run property insurer have seen their premiums increase by an average $476 as a result of the insuring inspecting their property.Citizens Property...
Jul 8 2011 // UK and Lloyd’s insurer Amlin plc held a presentation for analysts today focused on updating its catastrophe estimates.Amlin estimated that net claims from the two major U.S. tornadoes during April and May 2011 were...
Jul 8 2011 // The Ohio Bureau of Workers’ Compensation (BWC) has reduced its rates for marine industry employers by 20 percent, effective July 1, the BWC said. The change lowers the rates for employers conducting business on Ohio...
Jul 6 2011 // A new study in Swiss Re’s sigma series concluded that the global insurance industry has returned to a pattern of growth. The study – World insurance in 2010 – reveals growth in global premium volume and...
Jul 4 2011 // An increase in claims from cargo theft and freight physical damage is expected to lead to higher insurance rates in the commercial auto class, a welcome development for some insurers after years of prices going...
Jul 1 2011 // Spain’s MAPFRE has published its 7th annual survey of Europe’s non-life insurers, ranking them by gross premiums written. The survey found that “all the companies achieved an increase in premium revenues...
Jun 22 2011 // State Farm Fire & Casualty Co., Louisiana’s largest insurer of homes, is asking state insurance regulators for permission to boost premiums by an average 8.5 percent.In a filing released by the state insurance...
Jun 20 2011 // California workers’ compensation total temporary disability (TTD) rates are likely to rise, thanks to new U.S. Department of Labor data that shows California’s State Average Weekly Wage (SAWW) rose more than...