All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jul 7 2010 // For 2009, the New York State Insurance Fund reported workers’ compensation premium of $1.31 billion and disability benefits premium of $16.6 million.The competitive fund wrote 41 percent of the state’s...
Jul 7 2010 // The average medical malpractice insurance rate increase for New York doctors this year will be five percent. The increase, which took effect July 1, follows two years of rates freezes.New York State Insurance...
Jul 6 2010 // The median six-month auto insurance rate in Michigan has increased approximately 5.4 percent over the last six months to reach $688, according to online insurance provider InsWeb.InsWeb also reported some findings of...
Jul 2 2010 // Aon Benfield has released its July first “Renewals Update” report, which indicates that “rates continue to decline in all major regions without significant catastrophe loss activity in the last 12...
Jul 2 2010 // Under agreements between the Texas Office of Public Insurance Counsel (OPIC), the Texas Department of Insurance, and two subsidiaries of the Hartford Financial Services Group, Texas consumers that purchase homeowner...
Jul 1 2010 // A New Jersey grand jury has indicted a Burlington County insurance agent for pocketing payments from three clients, according to Attorney General Paula T. Dow.Lee Schaffer, of Marlton, was charged with insurance fraud,...
Jun 30 2010 // In a recently published report Standard & Poor’s Ratings Services said that it believes “underlying underwriting performance in the U.K. non-life insurance industry has come under increasing pressure from...
Jun 24 2010 // U.S. terrorism insurance purchase rates continued to climb in 2009 as companies of all sizes and across all industries continued to buy terrorism coverage, according to a report by global broker Marsh.Sixty-one percent of...
Jun 23 2010 // The good news is that state revenue in Oklahoma is improving. The bad news is that the state’s unemployment rate is increasing.The state Board of Equalization has certified revenue that will be available to pay for...
Jun 21 2010 // Reinsurance pricing at the June 1 Florida renewal are down by 10 percent to 12 percent on average, on a year-over-year risk adjusted basis.That’s according to reinsurance intermediary Guy Carpenter & Co., which...
Jun 15 2010 // West Virginia insurance regulators have put black lung premium increases on hold.The National Council on Compensation Insurance asked Insurance Commissioner Jane Cline’s office in May to increase rates for black lung...
Jun 10 2010 // In a unanimous decision this week, the Michigan Court of Appeals upheld a 2008 order by Insurance Commissioner Ken Ross that denied the state’s property insurer of last resort an 18.9 percent rate hike.In reversing...
Jun 8 2010 // California workers’ compensation total direct written premium (DWP) fell nearly 10 percent last year, dropping to a nine-year low of $6.9 billion, according to market share data from the National Association of...
Jun 3 2010 // Reinsurers have bumped up prices for offshore energy-related insurance premiums by 50 percent following insurance industry losses of up to $3.5 billion from the BP plc oil spill in the Gulf of Mexico, Moody’s...
Jun 2 2010 // The Ohio Bureau of Workers’ Compensation (BWC) board of directors has approved a 3.9-percent overall private employer premium rate decrease for the upcoming policy year, beginning July 1, 2010. The upcoming rate cut...
Jun 1 2010 // Reinsurance pricing at the June 1, 2010 Florida renewal are down by 10 percent to 12 percent on average, on a year-over-year risk adjusted basis. That’s according to reinsurance intermediary Guy Carpenter & Co.,...
May 27 2010 // Property rates will continue to drop 5 percent to 15 percent for most risks, despite record global catastrophic losses seen in early 2010, according to Aon Corp.’s 2010 U.S. Insurance Market Overview. Property...
May 26 2010 // State Farm will file a rate increase with Mississippi Insurance Commissioner Mike Chaney in the next few months.Company spokesman David Majors said that details are still being worked out. Last year, State Farm boosted...
May 17 2010 // Managing general agents have a positive attitude about what’s to come in the next year. The soft market and recession forced many MGAs to get better at what they do, says Mark Rothert of the Portland, Ore.-based Ron...
May 14 2010 // The medical professional liability industry is profitable despite premium increases, according to Charlottesville, Va.-based SNL Financial. That industry experienced a profitable year in underwriting, demonstrated by a...