All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
May 12 2010 // Florida Gov. Charlie Crist may have just received an important nod he needs to be able to sign a homeowners insurance bill headed towards his desk.In a letter, Florida Insurance Commissioner Kevin McCarty is urging Crist...
May 10 2010 // Warren Buffett’s Berkshire Hathaway Inc. Friday reported its largest quarterly profit since 2007, helped by an improving economy, investment and derivative gains, and the takeover of Burlington Northern Santa Fe...
May 10 2010 // State Farm Fire and Casualty Co., Louisiana’s largest residential insurer, has been approved for an average 9.9 percent rate increase for homeowners’ coverage in Louisiana.However, coastal areas vulnerable to...
May 7 2010 // Montana State Fund said its workers’ compensation insurance rates are going down by an average of 4 percent.The fund, which provides the insurance to more than 28,000 employers around the state, says the rate...
May 4 2010 // Excess and surplus insurers endured another year of declining premiums in 2009, writing 7.5 percent fewer direct premiums versus the prior year, according to SNL Financial’s analysis of the U.S. E&S market. The...
May 3 2010 // A judge in Austin has blocked regulators from posting on the Texas Department of Insurance Web site certain documents on two rate filings by State Farm Insurance Cos. that would increase homeowners insurance premiums for...
Apr 28 2010 // Florida’s 21st Century Holding Co. has dropped its bid to acquire domestic property insurer HomeWise Holdings at the same time it reported that its own Florida property insurance unit it has received approval to...
Apr 26 2010 // Anthem Blue Cross has again put a planned rate hike on hold.The Los Angeles-based health insurance company said this week that policyholders will not see a rate change beginning May 1. A spokeswoman for Anthem’s...
Apr 26 2010 // Cedar Rapids, Iowa-based insurance company United Fire & Casualty Co. reported a dip in premiums earned in the first quarter of 2010 compared with that in the same period in 2009, but total revenues and net income...
Apr 22 2010 // Zenith National Insurance Corp. based in Woodland Hils, Calif., has reported a net loss for the first quarter 2010 of $0.8 million, or $0.02 per share, compared to net income for the first quarter 2009 of $2.6 million, or...
Apr 21 2010 // Policymakers and markets trying to react to the volcanic gas cloud paralyzing air travel in Europe face a host of variables, unknowns and hard-to-measure risks that make modelling almost impossible.No one can accurately...