Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
North Carolina Approves 4.8% Statewide Dwelling Rate Increase
Jun 28 2018 // The North Carolina Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposal for an 18.9 percent dwelling insurance rate increase and instead reached a settlement that will...
New Nebraska Lake Expected to Reduce Flood Plain, Lower Insurance Rates
Jun 27 2018 // A Nebraska Natural Resources District is opening Omaha’s newest park and lake after spending nine years developing the $44 million project. The Omaha World-Herald reports that the Papio-Missouri River district will...
California Workers’ Comp Division Says Temporary Total Disability Rates to Increase for 2019
Jun 26 2018 // The 2019 minimum and maximum temporary total disability rates will increase on Jan. 1, 2019, the California Division of Workers’ Compensation announced on Tuesday. The minimum TTD rate will increase from $182.29 to...
Florida’s Citizens Delays Decision on Proposed 2019 Rate Increases
Jun 21 2018 // Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies. The decision...
Commercial Insurance Prices Increase First Time in 3 Years
Jun 18 2018 // Commercial insurance prices in the U.S. increased modestly in the first quarter of 2018, according to leading global advisory, broking and solutions company Willis Towers Watson’s Commercial Lines Insurance Pricing...
Global Commercial Insurance Market to Grow $170B in P/C Premium By 2021: Aon Inpoint
Jun 18 2018 // Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017, and by 2021, they will rise to nearly $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in...
Nevada Motorists Face July 1 Auto Insurance Rate Increase
Jun 18 2018 // Nevada state officials are reminding as many as 600,000 vehicle owners they could face auto insurance rate increases July 1, when minimum liability coverage requirements go up. Officials announced earlier that almost one...
WCIRB: California Workers’ Comp Written Premium to be Down Again This Year
Jun 15 2018 // Lower workers’ compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers’ Compensation Insurance Rating Bureau. That revelation is expected...
Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism
Jun 14 2018 // The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for the soccer World Cup in Russia compared to the previous event in Brazil, brokers and insurers...
Maine Individual Insurers Seek Nine Percent Rate Hike
Jun 11 2018 // Two insurers on Maine’s individual health insurance market are requesting lower-than-expected rate increases for 2019. Portland Press Herald reports the insurers are requesting average rate increases of over 9...
Most Commercial Insurance Prices Continued Creeping Up in May: IVANS
Jun 5 2018 // Renewal premiums for a majority of standard commercial lines products continued to trend up in May, according to the latest IVANS Index. The exceptions were commercial auto and umbrella, which still rose in May but not as...
Nevada Motorists Face July 1 Auto Insurance Rate Increase
Jun 4 2018 // Nevada state officials are reminding as many as 600,000 vehicle owners they could face auto insurance rate increases July 1, when minimum liability coverage requirements go up. Officials announced earlier that almost one...
Delaware Seniors See Average Decrease of More Than $100 in Car Insurance Rates
Jun 4 2018 // Delaware’s House Substitute 1 for House Bill 80 (HS 1 for HB 80), signed into law on August 1, 2017, went into effect on May 1 of this year. As a result of the legislation, Delaware consumers with policies through...
Workers’ Comp : Healthy Underwriting Gain, Premium Growth Blockage
Jun 4 2018 // Workers’ compensation insurers are managing their premiums dollars better than they have in years, but those premium dollars are stagnating even as employment and wages are rising. In 2017, for the fourth consecutive...
Report: California Workers’ Comp Direct Written Premiums Fell
Jun 1 2018 // California workers’ compensation covered payroll rose last year, but the average premium rate charged to employers fell 10 percent, so total direct written premium in the system declined by $192 million to $12.77...
Rampant Brazil Cargo Theft Disrupts Retail, Drives Up Insurance Rates
May 31 2018 // In a bunker-like room in a gritty suburb of Sao Paulo, retired police colonel Antonio Marin and a dozen employees track the location of hundreds of cargo trucks on a bank of monitors. During his 34 years in Sao Paulo...
New York Board Proposes 11.7% Decrease in Workers’ Comp Rates
May 30 2018 // The New York Compensation Insurance Rating Board (NYCIRB), a non-governmental rate service organization, has proposed an 11.7% decrease in the overall loss cost level in New York State. The change was proposed in its 2018...
Florida: Federal Tax Cuts Spur 1.8% Decrease in Workers’ Comp Rates
May 21 2018 // The Florida Office of Insurance Regulation (OIR) has approved a 1.8 percent rate decrease for workers’ compensation insurance in Florida. The decrease was filed by the National Council on Compensation Insurance...
Insurers Seeking Major Premium Hikes for Obamacare Plans in 2019
May 8 2018 // The first glimpse of what health insurance companies plan to charge for Obamacare plans next year suggests there’s no relief ahead for consumers saddled with high premiums. Several insurers in Maryland and Virginia...
Global Reinsurers’ Price Hikes Not Sustainable But Profitability to Improve: Fitch
May 7 2018 // Fitch Ratings’ outlook for global reinsurance remains negative given intense market competition, the influx of alternative capital that continues to pressure pricing and persistently low investment yields that strain...
