Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Viewpoint: More Sweeping Cellphone Laws Reduce Crash Rates
Aug 15 2022 // It’s common knowledge that texting while driving is illegal in most places. But what about tapping the screen of your cellphone to accept a faster route suggested by Google Maps? What if your phone is mounted on the...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
Aug 15 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...
U.S. Crop Writers Post Record Premium Growth: AM Best
Aug 15 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report. The new Best’s...
Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss
Aug 4 2022 // Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate booked a net loss of $1.04 billion in the second quarter compared with a...
Q2 Rate Increases Hold Steady: MarketScout
Aug 4 2022 // Personal and commercial rate increases stabilized virtually across the board in the second quarter of 2022, according to MarketScout’s Market Barometer. U.S. personal lines rates increased 5.16 % in the second...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
Aug 1 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...
Most Commercial Insurance Renewal Rate Changes Remain Up: Ivans Index
Aug 1 2022 // Premium renewal rate changes for all major commercial lines of business increased year over year with the exception of the workers’ compensation line, which remained negative, according to the Ivans Index second...
U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best
Jul 29 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report. The new Best’s...
Report: California Workers’ Comp Written Premium Down in 2021
Jul 27 2022 // Written premium for 2021 was 1.4% below that for 2020 and is the lowest since 2012, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California issued its quarterly report on written premium,...
Alpine Glaciers Decline at Record Rates Following Heatwaves
Jul 26 2022 // MORTERATSCH GLACIER, Switzerland – From the way 45-year-old Swiss glaciologist Andreas Linsbauer bounds over icy crevasses, you would never guess he was carrying 10 kg of steel equipment needed to chart the decline of...
Wisconsin Insurance Premiums for Worker’s Comp Decline
Jul 26 2022 // Wisconsin companies will pay 8.47% less in worker’s compensation insurance rates starting Oct. 1, the Wisconsin Department of Workforce Development reported. The lower rates reportedly reflect continued worker safety...
Most Commercial Insurance Renewal Rate Changes Remain Up: Ivans Index
Jul 22 2022 // Premium renewal rate changes for all major commercial lines of business increased year over year with the exception of the workers’ compensation line, which remained negative, according to the Ivans Index second...
Beazley’s H1 Profits Drop but Full-Year Outlook Rises on Cyber Premium Growth
Jul 22 2022 // Lloyd’s of London insurer Beazley on Friday reported first-half profits fell on hits to its investment portfolio from market volatility, but raised its full-year profitability guidance on an increase in cyber risk...
Travelers’ Income Drops, but Still Beats Profit Estimates on Record Premium Growth
Jul 22 2022 // Insurer Travelers Cos. Inc. reported a smaller-than-expected fall in quarterly profit on Thursday, as record premium growth cushioned a hit from higher catastrophe-related claims and lower returns on investments. The...
Mass Shooting Insurance Rates Jump as Incidents Rise
Jul 18 2022 // The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said. The United States witnessed 293 mass shootings so...
Home Insurance Prices Increase Faster Than Inflation Rate: Policygenius
Jul 12 2022 // According to analysis by insurtech Policygenius, home insurance premiums are rising faster than inflation From May 2021 to May 2022, the price of goods and services increased 8.6% in the U.S. In the same time period, home...
Jobs Blowout Cements Case for Another Big Fed Rate Hike
Jul 8 2022 // Another blowout jobs number and continued wage growth will likely stiffen resolve at the Federal Reserve for another three-quarter point rate increase at the central bank’s July meeting, as the welcome news of a...
Rate Increases Steady in Q2: MarketScout
Jul 5 2022 // MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite average rate increases across all lines of just over 5.9%. Increases...
Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re
Jul 1 2022 // Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation...
Mass Shooting Insurance Rates Jump as Incidents Rise
Jun 29 2022 // The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said. The United States witnessed 293 mass shootings so...
