All the headlines from our Pricing Trends Topic Page, ordered by recency.
Jan 5 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)...
Dec 31 2009 // A law that goes into effect Jan. 1, 2010, increasing the required minimum liability auto insurance coverage is expected to increase insurance rates for more than 1 million Louisiana motorists. Though the change was...
Dec 31 2009 // “Orderly Softening” is the title of the latest edition of Willis Re’s “1st View.” The reinsurance division of Willis Group Holdings publishes the market review three times each year, examining...
Dec 30 2009 // Ohio Department of Insurance Director Mary Jo Hudson announced that on average Ohioans paid slightly more for homeowners insurance in 2007 than in 2006, according to a report issued by the National Association of Insurance...
Dec 22 2009 // Rate reviews by the Washington State Insurance Commissioner’s office reduced proposed automobile insurance rates by $26 million over the first 10 months of this year, a reduction of about 1 percent. In 2008, the rate...
Dec 15 2009 // The hard market for financial institutions (FI) insurance, which has seen insurers push premiums up at renewal by a minimum of 10 to 15 percent, is unlikely to last until the end of 2010, according to the latest Willis FI...
Dec 11 2009 // Mississippi Insurance Commissioner Mike Chaney said he was not happy about granting a 19.5 percent homeowners rate increase to State Farm, but he had little choice.“Would you want me to have 26,000 policies canceled...
Dec 9 2009 // Drunken driving fatality rates have fallen in 40 states and the District of Columbia, an encouraging sign that crackdowns are improving highway safety.The Transportation Department said that 11,773 people were killed in...
Dec 8 2009 // Online insurance agency insurance.com said its records show that car insurance rates across the nation declined 3.5 percent in 2009 to $1,803 per year.The company said the decline followed a rate increase of 8 percent in...
Dec 6 2009 // California’s State Compensation Insurance Fund announced it has filed a 5 percent rate increase in collectible premium. The revised rate will apply to new and renewal workers’ compensation policies effective on...
Dec 6 2009 // Florida Insurance Commissioner Kevin McCarty has approved rates hikes for about 330,000 of Citizens Property Insurance Corp.’s so-called high-risk coastal property accounts. The statewide average increases include a...
Dec 4 2009 // The Ohio Department of Insurance reports that auto insurance rates in that state have declined for the third consecutive year, according to the 2006/2007 Auto Insurance Database Report just released by the National...
Dec 3 2009 // New Jersey is No. 2 when it comes to the nation’s highest auto insurance rates.Data in the National Association of Association of Insurance Commissioners’ annual report shows the average Garden State resident...
Dec 2 2009 // Marsh has forecasted that insurance rates for both UK property and casualty risks could fall by up to 10 percent in 2010. Speaking to a gathering of over 200 clients at the Marsh UK Annual Client Conference, Tim Pritchard,...
Dec 1 2009 // Insurance rates for about 26,000 State Farm homeowners in three Mississippi coastal counties will rise 19.5 percent beginning in February.Mississippi Insurance Commissioner Mike Chaney announced the rate increase, noting...
Nov 22 2009 // Florida Insurance Commissioner Kevin McCarty has approved rates hikes for about 330,000 of Citizens Property Insurance Corp.’s so-called high-risk coastal property accounts. The statewide average increases include a...
Nov 20 2009 // A new intelligence report from Marsh concludes that “energy firms are set to enjoy a softening insurance market in 2010, as a result of increasing competitiveness among insurers and capacity being at its highest...
Nov 15 2009 // Florida’s state-backed and largest property insurer will be allowed to raise its rates for homeowners an average 5.4 percent in 2010.The increase is the first one allowed since lawmakers froze the rates of Citizens...
Nov 15 2009 // In today’s competitive insurance industry and struggling economy, agents are hard pressed to sell anything more than the bare coverage necessities. But while this challenge may seem daunting, it is not without...
Nov 13 2009 // A new study, published in the journal Science, concludes that the massive Greenland ice sheets are losing mass more rapidly than previous studies had indicated.The ice sheets of Greenland and Antarctica contain the bulk of...