Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Oregon Study Shows California Workers’ Comp Rates Falling, but Still High
Oct 16 2018 // Workers’ compensation premium rates fell considerably nationwide, while California continued to see among the worst rates in the nation, according to a new study out from the Oregon Department of Consumer and...
Florida Orders Insurers to Halt Rate Hikes; Sets Up Hurricane Michael Claims Village
Oct 16 2018 // Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts...
P/C Direct Premium Written Up 6.1 Percent
Oct 15 2018 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2017, more than $636 billion of DPW was reported, a record high for the industry. For 2017, total...
Texas Coastal Lawmakers Urge Denial of Windstorm Insurer’s Filed 10% Rate Hike
Oct 15 2018 // More than 20 state legislators have signed a letter addressed to Texas Insurance Commissioner Kent Sullivan requesting that a 10 percent rate increase filed by the state’s property insurer of last resort for wind and...
Texas Governor Extends Time for Ruling on Windstorm Rate Increase Filing
Oct 12 2018 // Texas Gov. Greg Abbott has effectively extended until June 16, 2019, the deadline for approval or disapproval of a recent rate increase filed by the Texas Windstorm Insurance Association. The governor did so by suspending...
Workers’ Comp Rates to Decline in Kansas Next Year
Oct 11 2018 // For the fifth consecutive year, many Kansas business owners will pay less for workers’ compensation insurance again in 2019, the Kansas Insurance Department reported. “With another rate decrease, Kansas...
West Virginia Workers’ Comp Rates to Decrease Nov. 1
Oct 3 2018 // Workers’ compensation rates will soon be less expensive for businesses in West Virginia. According to West Virginia Insurance Commissioner Allan McVey, a filing for a 13 percent decrease in voluntary market loss...
Idaho Workers’ Compensation Rates to Decrease in 2019
Oct 2 2018 // The Idaho Department of Insurance has proved a 4.2 percent drop in workers’ compensation insurance rates effective Jan. 1, 2019. The proposed rate change comes from the National Council on Compensation Insurance, and...
Texas Coastal Lawmakers Urge Denial of Windstorm Insurer’s 10% Rate Increase Request
Oct 1 2018 // More than 20 state legislators have signed a letter addressed to Texas Insurance Commissioner Kent Sullivan requesting that a 10 percent rate increase filed by the state’s property insurer of last resort for wind and...
Louisiana Auto Insurance Rate Hikes Lower This Year
Oct 1 2018 // Louisiana’s insurance commissioner says the state’s auto insurance market may be stabilizing, with a smaller rise in premiums expected this year compared with prior years. Insurance Commissioner Jim Donelon...
TAIPA Files Private Passenger, Commercial Auto Rate Increases
Oct 1 2018 // The Texas Automobile Insurance Plan Association filed rate increases of 4.9 percent for private passenger auto insurance and 3.9 percent for commercial auto coverage. The proposed rate increases for new and renewal...
Rate Hikes, Fees Approved for Texas Fair Plan
Oct 1 2018 // Texas Insurance Commissioner Kent Sullivan approved a request by the Texas Fair Plan Association (TFPA) to raise rates and revise/implement various fees. The commissioner denied, however, the plan’s request to end...
SME Law Firms in England & Wales May See Rise in Professional Indemnity Rates: Marsh
Sep 26 2018 // Some professional indemnity (PI) insurers are applying greater rigor, are being increasingly selective, or are repricing risks, for small and mid-sized law firms in England and Wales, warned Marsh in a market update. As...
Donelon: Louisiana Auto Insurance Rate Hikes Lower This Year
Sep 20 2018 // Louisiana’s insurance commissioner says the state’s auto insurance market may be stabilizing, with a smaller rise in premiums expected this year compared with prior years. Insurance Commissioner Jim Donelon...
Insurance Commissioner OKs Fees, Rate Hikes for Texas Fair Plan
Sep 17 2018 // Texas Insurance Commissioner Kent Sullivan has approved a request by the Texas Fair Plan Association to raise rates and revise/implement various fees. The commissioner denied, however, the plan’s request to end...
19% Workers’ Comp Rate Decrease Proposed for Tennessee
Sep 17 2018 // The National Council on Compensation Insurance (NCCI) has filed for a 19.1 percent decrease for workers’ compensation voluntary market loss costs in Tennessee – the largest recommended decrease since reforms to...
Florida Workers’ Comp Rates Going Down Again, But Future Challenges Remain
Sep 17 2018 // Florida businesses could see another significant rate decrease in workers’ compensation rates next year if Florida regulators approve the latest filing from the National Council on Compensation Insurance (NCCI). But...
Texas Auto Insurance Residual Plan Files Rate Increases
Sep 14 2018 // The auto insurer of last resort in Texas has filed rate increases for both private passenger and commercial auto coverage. The Texas Department of Insurance reported that the Texas Automobile Insurance Plan Association has...
19% Workers’ Comp Rate Decrease Proposed for Tennessee
Sep 6 2018 // The National Council on Compensation Insurance (NCCI) has filed for a 19.1 percent decrease for workers’ compensation voluntary market loss costs in Tennessee – the largest recommended decrease since reforms to the...
California Comp Quarterly Report: Written Premium on Pace with Last year, but an Overall Declining Trend
Sep 5 2018 // Worker’s compensation rates in California have been going down a while, and that has had an impact on written premium, a report released on Wednesday shows. The Workers’ Compensation Insurance Rating Bureau of...
