Latest Pricing Trends Headlines

All the headlines from our Pricing Trends Topic Page, ordered by recency.

North Carolina Court Upholds 2008 Rate Hikes Opposed by Coastal Towns

Apr 20 2010 // The North Carolina Court of Appeals has declined to upset a 2008 agreement between the state’s former insurance commissioner and insurers that hiked insurance rates for some coastal homeowners up to 30 percent and...

State Farm Sues TDI; Files to Increase Homeowners Rates in Louisiana

Apr 19 2010 // State Farm Fire and Casualty Co. filed a lawsuit against the Texas Department of Insurance after the state agency took the unprecedented move of publicizing on its Web site recent rate hike proposals by the...

Louisiana Citizens OKs 7% on Average Residential Rate Hike

Apr 19 2010 // Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average 7 percent statewide. Rate increases — as well as decreases — will vary widely, especially in...

Judge Says Texas Can’t Post Some State Farm Rate Hike Information

Apr 19 2010 // A judge in Austin has blocked regulators from posting on the Texas Department of Insurance Web site some documents on two rate rate filings by State Farm Insurance Cos. that would increase homeowners insurance premiums for...

Lockton: Soft Market Pricing Continues to Benefit Insurance Buyers

Apr 19 2010 // Commercial insurance buyers continue to benefit from lower prices and steady or increasing insurance capacity in property/casualty markets, reports the nation’s largest insurance broker.In its newly published Lockton...

Oregon Medical Malpractice Rates Decline

Apr 16 2010 // For the fourth year in a row, most physicians and surgeons in Oregon will see a decline or no change in medical professional liability insurance rates, according to rate changes reviewd by the state Department of Consumer...

Risk Managers Continue to Report Soft Market Pricing

Apr 15 2010 // Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a new industry study.Average premiums in every line tracked by the RIMS Benchmark Survey, fell in...

North Dakota Workers’ Comp Agency Proposes 3% Rate Increase

Apr 9 2010 // North Dakota’s workers compensation agency is proposing a 3.3 percent average increase in its rates, starting in July.Agency director Bryan Klipfel says most of the increase is because of North Dakota’s rising...

Louisiana Citizens Insurance OKs 7% on Average Rate Hike

Apr 5 2010 // Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average7 percent statewide.However, rate increases – as well as decreases – will vary widely,...

Soft Market, Weak Economy Will Challenge Insurers, Brokers in 2010

Apr 2 2010 // The recession may be over, but recovery is not happening quickly enough for insurers and brokers. From unemployment rates hovering at about 10 percent to still rising business bankruptcies, the lingering effects of the...

State Farm Files to Increase Homeowners Rates in Louisiana

Mar 31 2010 // State Farm Fire and Casualty Co. has filed an average 9.9 percent rate increase request for homeowners coverage in Louisiana, according to the Associated Press.State Farm is Louisiana’s largest home insurer with just...

‘Poor’ Albuquerque Levees Could See Insurance Premium Hikes

Mar 30 2010 // Questions about aging river levees in metro Albuquerque, N.M., could mean insurance premium hikes as high as $2,000 annually for thousands of property owners.The U.S. Army Corps of Engineers has rated the condition of the...

Mobile Expects Homeowners Premium Hike After ISO Fire Downgrade

Mar 18 2010 // Mobile’s fire-rescue chief says a downgrade in fire protection rating is likely to boost insurance premiums the most for homeowners just outside the city limits.Fire-Rescue Chief Steve Dean said that while city...

U.S. Traffic Fatality Rate Fell to Lowest Ever Recorded in 2009

Mar 11 2010 // The number of overall traffic fatalities reported at the end of 2009 reached the lowest level since 1954, declining for the 15th consecutive quarter, the U.S. Department of Transportation reported.According to early...

Letter from Iowa Governor Prompts Wellmark to Delay Rate Hike

Mar 10 2010 // Iowa’s largest health insurance provider will delay a planned premium increase after Gov. Chet Culver raised questions about the higher rates to the state insurance commissioner.Culver sent a letter to Insurance...

Mass. AG Coakley Opposes Proposed Workers’ Compensation Rate Hike

Mar 3 2010 // Massachusetts Attorney General Martha Coakley said she opposes an insurance industry request to raise workers’ compensation premiums by about four percent this year. She said the hike would put an “additional...

Amerisafe Net Income Rises Despite Premium Decreases in Q4 2009

Mar 3 2010 // DeRidder, La.-based workers’ compensation insurer Amerisafe Inc. reported net income of $6.6 million in the fourth quarter of 2009, an increase of 15 percent over the $5.7 million recorded in the fourth quarter of...

Massachusetts Worker’s Compensation Premium Rates Could Rise

Mar 2 2010 // Massachusetts workers’ compensation insurance rates would rise an average of 4.5 percent under a new rate proposal submitted by the Workers’ Compensation Rating and Inspection Bureau.The bureau is the licensed...

California AG Subpoenas Health Plans Over Claims Denials and Rate Hikes

Feb 26 2010 // Los Angeles-Attorney General Edmund G. Brown Jr., who has an ongoing investigation into possibly illegal practices by some California health insurers, has subpoenaed financial records and other documents from...

Arizona Auto Rates Increased 2% in Past 6 Months

Feb 26 2010 // The median six-month auto insurance rate in Arizona has increased approximately 2 percent over the past six months to reach $829 according to InsWeb, an online insurance comparison provider.Among the other statistics the...