Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Citizens to Request 8.2% Rate Increase from Florida Regulators
Dec 13 2018 // Citizens Property Insurance Corp. will file for a statewide average increase of 8.2 percent for personal lines policyholders – homeowners, condominium owners and renters. The Florida insurer of last resort’s Board...
Report: Workers’ Comp Premiums in California for First 9 Months of the Year Down 3%
Dec 12 2018 // The Workers’ Compensation Rating Bureau of California issued its quarterly experience report on Wednesday showing premium for the first nine months of 2018 was 3 percent below the same period for 2017. The WCIRB...
Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017
Dec 10 2018 // Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices...
Workers’ Comp Insurance Rates to Go Down in Louisiana
Dec 5 2018 // Rates for workers’ compensation insurance will decrease in Louisiana next year, the state insurance department announced. Louisiana Department of Insurance has approved a rate filing from the National Council on...
Verisk to Acquire London Market Pricing Software Firm Rulebook
Dec 3 2018 // U.S.-based data analytics firm Verisk has agreed to acquire Rulebook, a provider of business intelligence and software for the London Insurance Market. The purchase price is $87 million in cash, which Verisk said will be...
California OKs $16.3M Rate Reduction for Earthquake Policyholders
Nov 29 2018 // California Insurance Commissioner Dave Jones has approved a rate reduction for California Earthquake Authority residential earthquake policyholders that he says will bring millions of dollars in premium savings for 10s of...
Minnesota Workplace Injury Rate Fell to an All-Time Low in 2017
Nov 20 2018 // Minnesota’s Department of Labor and Industry (DLI) in early November reported that the state’s estimated workplace injury and illness rate for 2017 is the lowest rate since the measurement started in...
Independent Agents Post Highest Growth Rate in Past 15 Quarters: Reagan Consulting
Nov 19 2018 // Independent insurance agents and brokers can celebrate a four-year growth trend, according to Reagan Consulting. In its third-quarter Organic Growth and Profitability (OGP) study, the agency consultant says that the...
Delaware Workers’ Comp Insurance Rates Decrease for Second Year in a Row
Nov 19 2018 // Workers’ compensation insurance rates will decrease for the second year in a row in Delaware, effective Dec. 1, 2018. “I am delighted to approve yet another decrease in workers’ compensation rates in...
Florida Approves 13.8% Workers’ Comp Rate Decrease
Nov 13 2018 // A revised workers compensation rate filing for a 13.8 percent decrease by the National Council on Compensation Insurance has been approved by Florida Insurance Commissioner David Altmaier. The amended filing to...
Zurich Insurance Reports 2% Hike in 9-Month P/C Premiums, Confirms Targets
Nov 8 2018 // Zurich Insurance posted a 2 percent rise in nine-month property and casualty premiums and confirmed its financial targets on Thursday despite a hit from larger-than-expected natural catastrophe losses. “We are...
Tennessee Approves 19% Decrease in Workers’ Comp Rates
Nov 8 2018 // Workers’ compensation rates in Tennessee will decrease by nearly 20 percent next year, marking the sixth consecutive year of decreases, according to a statement from the Tennessee Department of Commerce and...
Florida Workers’ Comp Rates to Decrease by Double-Digits in 2019
Nov 7 2018 // Florida workers’ compensation rates are going down again next year, the third decrease in the two years since significant Florida Supreme Court decisions created concern and uncertainty over future of the...
North Carolina Approves 17.2% Rate Decrease for Workers’ Comp
Nov 5 2018 // The North Carolina Rate Bureau’s 17.2 percent rate decrease filing for workers’ compensation insurance has been approved by North Carolina Insurance Commissioner Mike Causey, according to a statement from the...
TWIA’s Request to Hike Liability Limits Denied; Rate Increase Decision Suspended
Nov 5 2018 // Texas’ property insurer of last resort for wind and hail along the Texas coast suffered a couple of setbacks in mid-October when the state’s insurance commissioner denied its request to raise maximum limits of...
UK Insurers, Brokers Applaud Government’s Decision Not to Hike Premium Tax
Oct 30 2018 // UK insurers and brokers have applauded the UK Treasury’s decision not to raise premium taxes, which currently has an annual price tag for each household of an average of £200 ($256.40), according to the Association...
Injury Rates Jump at Coal Giant Murray’s West Virginia Mines
Oct 26 2018 // Injury rates have more than doubled at five West Virginia coal mines acquired by Murray Energy Corp. in 2013, according to a Reuters review of federal data, as the firm sharply increased the amount of coal produced per...
North Carolina Approves 17.2% Rate Decrease for Workers’ Comp
Oct 25 2018 // The North Carolina Rate Bureau’s 17.2 percent rate decrease filing for workers’ compensation insurance has been approved by North Carolina Insurance Commissioner Mike Causey, according to a statement from the...
Delaware Workers’ Comp Insurance Rates Decrease for Second Year in a Row
Oct 23 2018 // Workers’ compensation insurance rates will decrease for the second year in a row in Delaware, effective December 1, 2018. “I am delighted to approve yet another decrease in workers’ compensation rates in...
Premium Price for ACA Policies to Decline in Louisiana
Oct 22 2018 // People searching for health insurance policies in Louisiana will likely fare better than those in many other states as the Nov. 1 annual open enrollment period approaches for the individual marketplace. The Advocate...
