All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
Mar 28 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 27 2011 // Florida regulators held a public hearing last week to consider the First Community Insurance Co.’s request to raise its homeowner rates a statewide average by 23.3 percent.The company said there are two driving...
Mar 24 2011 // Louisiana insurance regulators have rejected a rate increase from the state’s largest insurer of homes.State Farm Fire and Casualty Co. wanted an average 14.3 percent rate hike for its 301,000 customers who get...
Mar 22 2011 // A group of Florida homeowners could see a double-digit increase in their property premiums if regulators go along with their insurer’s rate request.Florida regulators are holding a public hearing today to consider...
Mar 21 2011 // The governing board of Louisiana’s insurer of last resort has approved an average 6.5 percent annual rate increase for its 119,000 homeowners’ policies.Higher rates for those homeowners covered by Louisiana...
Mar 11 2011 // Rhode Island Attorney General Peter F. Kilmartin said he opposed a 3.9 percent workers’ comp rate hike being sought by the National Council on Compensation Insurance (NCCI) for the state. NCCI’s calculations...
Mar 11 2011 // Shares in European insurers and reinsurers fell sharply in early trading on Friday after Japan was hit by a massive earthquake, one of the biggest ever recorded.The quake, which measured 8.9 on the Richter scale, hit off...
Mar 10 2011 // Could the soft market finally be over? A new analysis concludes that insurance prices are rising and the prolonged soft market is ending, contrary to earlier reports from other analysts.Virginia-based SNL Financial says...
Mar 7 2011 // Rates for architects and engineers professional liability insurance, which have been stable, are expected to go up this year, a new study reports.A number of leading insurance companies offering this coverage expect to...