Latest Pricing Trends Headlines

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

State Farm Homeowners Rate Increase Denied in Louisiana

Feb 21 2010 // Louisiana Insurance Commissioner Jim Donelon declined to approve a rate request filed by State Farm Fire and Casualty Company that would have raised homeowners insurance rates by a statewide average of 19.1 percent. State...

Combined Agents Group Premiums Grow to $410M in 2009

Feb 18 2010 // Austin, Texas-based Combined Agents of America LLC (CAA) announced it achieved more than $410 million in combined property and casualty premiums and more than $53 million in revenue for 2009. The group, which recorded...

Anthem Blue Cross Agrees to Delay Rate Increase

Feb 16 2010 // Anthem Blue Cross has agreed to a Feb. 8 request by California Insurance Commissioner Steve Poizner to delay its individual health insurance rate increase until May 1 to allow an independent actuary to review their rates,...

Increase in Commercial Rates Proposed for Louisiana Citizens

Feb 16 2010 // The board of Louisiana Citizens Property Insurance Corporation will vote in March on a proposed increase for commercial policy holders that will average 4.57 percent.Insurance Commissioner Jim Donelon told The...

Democrats Seize on Wellpoint’s 39% Rate Hike to Renew Reform Effort

Feb 12 2010 // Health insurer WellPoint Inc. defended its rate hike of up to 39 percent for certain California customers as Democrats latched onto the increase to press their case for overhauling the U.S. healthcare system.The...

Italian Auto Insurers’ Shares Could Gain from Price Increases

Feb 12 2010 // Shares in Italy’s top motor insurers could become more attractive this year because of the likely success of tariff [premium] increases in a market where rivalry from online and bank sales is still weak. Fund...

Louisiana Commissioner Denies State Farm’s 19% Rate Increase

Feb 11 2010 // Louisiana Insurance Commissioner Jim Donelon has declined to approve a rate request filed by State Farm Fire and Casualty Company that would have raised homeowners insurance rates by a statewide average of 19.1...

California Regulator Wants Anthem Blue Cross To Postpone Rate Increase

Feb 10 2010 // California Insurance Commissioner Steve Poizner, responding to a dramatic proposed rate hike by WellPoint’s California affiliate, Anthem Blue Cross, has called on WellPoint executives to postpone the rate increase,...

Mercury Insurance Sees 3.5% Decrease in Q4 Net Premium

Feb 8 2010 // Mercury General Corp. reported that net income for the fourth quarter of 2009 was $34.2 million compared with net loss of $168.3 million for the same period in 2008. For the year, net income for the Los Angeles-based...

On Average, Texas Homeowners Rates Are Down, Agents Group Says

Feb 7 2010 // There’s a common perception that homeowners insurance rates in Texas go up and up, and never come down. That’s not necessarily true, however, according to the Independent Insurance Agents of Texas. They say...

Agents’ Group: On a Cost per Home Value Basis, Texas Rates Are Down

Feb 2 2010 // Texas insurance agents — want to show your customers that the common perception that homeowners rates in Texas always go up but never come down is false? Look to your agency management system, say educators from the...

North Carolina Court Reviews Coastal Rate Hikes

Jan 24 2010 // A North Carolina appeals court is weighing whether to reverse a decision that resulted in homeowners insurance prices going up by almost 30 percent along the coast and down by a third in inland counties.A three-judge Court...

How Rising Capital Gain Tax Rates Might Impact Tomorrow’s M&A Market

Jan 24 2010 // Capital gain tax rates will increase when the current legislation sunsets at the end of 2010. The best case scenario is the current 15 percent rate reverting to 20 percent, but the federal budget outlook is grim which...

Nevada Commissioner Approves Workers’ Comp Rate Decrease

Jan 21 2010 // Nevada Insurance Commissioner Scott Kipper has approved a filing for an average decrease of 7.6 percent for workers’ compensation insurance voluntary loss costs and a 3.7 percent average decrease for workers’...

North Carolina Court Hears Challenge to Coastal Insurance Rate Hike

Jan 19 2010 // A North Carolina appeals court is weighing whether to freeze or even reverse homeowners’ insurance premiums that soared by up to almost 30 percent along the coast while sliding by a third in counties farthest from...

Farmers to Reduce Rates for Family Home Policy in Texas

Jan 12 2010 // The Texas Department of Insurance, the Office of Public Insurance Counsel and Farmers Insurance Company have reached a settlement in a dispute over a homeowners insurance rate increase filed by Farmers in June 2009.Farmers...

State Farm Seeking 19.1 Percent Statewide Rate Hike in Louisiana

Jan 11 2010 // State Farm Fire and Casualty Co., Louisiana’s largest homeowners insurer, has asked insurance regulators for a rate increase that would average 19.1 percent statewide with coastal residents taking the brunt.The...

Auto Premiums Decline in Ohio; Homeowners Rates Rise

Jan 10 2010 // The Ohio Department of Insurance reports that auto insurance rates in that state declined for the third consecutive year but homeowners rates have risen slightly.The department based its assessments on data released by the...

Most Property Reinsurance Rates Down at January Renewal As Capital Rebounds

Jan 10 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co. LLC.Guy Carpenter’s World Catastrophe Rate on Line (ROL)...

Mississippi Rejects Allstate Rate Hike

Jan 8 2010 // Mississippi’s insurance regulator, as he earlier indicated he would do, has denied a request from Allstate Property and Casualty Insurance Co. for a statewide home insurance price hike of about 60 percent.The...