All the headlines from our Pricing Trends Topic Page, ordered by recency.
May 2 2011 // Property insurance rates could be on the rise thanks to first quarter catastrophe losses, including the earthquake and tsunami in Japan, and a revised catastrophe model.During the second quarter, rates for North American...
May 2 2011 // Los Angeles-based Mercury General Corp. has reported net income in the first quarter 2011 was $58.2 million, compared with net income of $61.2 million for the same period in 2010. Included in net income are net realized...
May 2 2011 // Most commercial lines insurance prices continued their downward trend in the first quarter, as underwriters’ efforts to hold the line on premiums buckled under the pressure of a highly overcapitalized market.Three of...
May 2 2011 // The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the following two years, according to a forecast from analysts at Conning Research &...
Apr 26 2011 // Prices were up in nearly all segments at W.R. Berkley Corp. in the first quarter while overall net written premiums grew 10 percent.Net income for the quarter was $116 million, or 79 cents per share, compared to $119...
Apr 26 2011 // Most commercial lines insurance prices continued their downward trend in the first quarter, as underwriters’ efforts to hold the line on premiums buckled under the pressure of a highly overcapitalized market.Three of...
Apr 25 2011 // The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the following two years, according to a forecast from analysts at Conning Research &...
Apr 18 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Apr 15 2011 // Mississippi Gulf Coast residents have been told mitigation is the answer to the region’s high insurance rates.“What do you do to lower rates? It is pretty simple. If you want to lower rates on the Gulf Coast,...
Apr 13 2011 // Mississippi Insurance Commissioner Mike Chaney has agreed to let Allstate Property and Casualty Co. increase homeowner insurance rates 19.4 percent in the state.Chaney said that Allstate was threatening to drop 18,000...
Apr 13 2011 // Massachusetts regulators and insurers have agreed that workers’ compensation rates will not rise.Last month, the industry filed for a 6.6 percent average increase effective Sept. 1 but insurers have agreed to hold...
Apr 12 2011 // Florida Insurance Commissioner Kevin McCarty has approved a statewide average 18.8 percent rate increase in State Farm’s homeowners’ policies, which is roughly 10 percent below the 27.9 percent it initially...
Apr 11 2011 // The leveling off of the world’s oil supply and the resulting rising gasoline prices and their economic impact carry implications for property/casualty insurance rates.Oil spikes have been known to precede recessions,...
Apr 6 2011 // The Workers’ Compensation Insurance Rating Bureau of California is discussing a pure premium rate increase of up to 40 percent at today’s Governing Committee meeting, according to industry reports.The WCIRB...
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Apr 4 2011 // Louisiana insurance regulators rejected a rate increase from the state’s largest insurer of homes, but the board of the state’s property insurer of last resort approved a rate hike, albeit smaller than the one...
Apr 4 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
Mar 31 2011 // A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not...
Mar 30 2011 // Combined Agents of America, LLC (CAA), based in Austin, Texas, reported the group wrote more than $414 million in combined property/casualty premiums in 2010 and has increased commercial premium written by 64 percent since...