Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Court Rules Florida Workers’ Comp Rate Hike to Remain, For Now
Dec 19 2016 // Florida’s workers’ compensation rate increase of 14.5 percent will remain in effect while a Florida appeals court reviews a legal challenge to the state’s recent ratemaking process. The First District...
North Carolina Insurers Want 19.6% Rate Hike for Dwelling Policies
Dec 19 2016 // The North Carolina Rate Bureau (NCRB) has requested a 19.6 percent rate increase on all dwelling insurance policies, according to a statement from the North Carolina Department of Insurance. NCDOI announced Dec. 1 it is...
Washington Workers’ Comp Rates for 2017 to Increase Less Than 1%
Dec 19 2016 // The average premium for workers’ compensation coverage in Washington will go up less than 1 percent in 2017, according to the Department of Labor & Industries. L&I announced this month the rate will rise by...
D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable
Dec 19 2016 // Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers...
California Workers’ Comp Medical Mileage Rate Will Decline for 2017
Dec 13 2016 // The Internal Revenue Service has announced that the standard mileage rate for business miles will decline 0.5 cents per mile to 53.5 cents per mile as of Jan. 1, 2017. The California Workers’ Compensation Institute...
D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable
Dec 13 2016 // Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers...
North Carolina High Court Dismisses Insurer Rate Increase Request
Dec 12 2016 // North Carolina’s Supreme Court is rejecting efforts by insurance companies to raise homeowners’ premiums. The state’s highest court on Friday dismissed arguments by the group that represents North...
Judge Denies State Farm’s Bid to Stop California Rate Reduction Order
Dec 8 2016 // California Superior Court Judge Katherine Bacal has denied State Farm’s emergency request to stay Insurance Commissioner Dave Jones’s order directing State Farm to reduce homeowner and renter rates by 7...
North Carolina Insurers Want 19.6% Rate Hike for Dwelling Policies
Dec 2 2016 // The North Carolina Rate Bureau (NCRB) has requested a 19.6 percent rate increase on all dwelling insurance policies, according to a statement from the North Carolina Department of Insurance. NCDOI announced Dec. 1 it is...
Washington Workers’ Comp Rates for 2017 to Increase Less Than 1%
Nov 30 2016 // The average premium for workers’ compensation coverage in Washington will go up less than 1 percent in 2017, according to the Department of Labor & Industries. LL&I announced today the rate will rise by an...
Florida Appeals Judge’s Order Halting 14.5% Workers’ Comp Rate Increase
Nov 29 2016 // The Florida Office of Insurance Regulation (OIR) is appealing a court order invalidating its approved 14.5 rate increase on Florida workers’ compensation rates that was set to take effect Dec. 1. OIR filed its Notice...
California Commissioner Orders State Farm to Reduce Homeowner Rates
Nov 8 2016 // California Insurance Commissioner Dave Jones on Tuesday issued a decision requiring State Farm Insurance Co. to reduce its dwelling insurance rates by an average of 7.0 percent, resulting is $78.6 million in annual savings...
California Commissioner Wants Workers’ Comp Insurers to Reduce Rates
Nov 7 2016 // California Insurance Commissioner Dave Jones issued a formal finding that costs to insurers in the workers’ compensation system are declining and he’s asking workers’ comp insurers to pass those cost...
California Commissioner Wants Workers’ Comp Insurers to Reduce Rates
Oct 27 2016 // California Insurance Commissioner Dave Jones issued a formal finding today that costs to insurers in the workers’ compensation system are declining and he’s asking workers’ comp insurers to pass those...
U.S. Homeowners Insurers’ Premiums Growing But Return on Equity Down: Aon
Oct 26 2016 // The U.S. homeowners insurance market is on track for continued growth in direct premiums for 2016 despite a decreasing return on equity for insurers. U.S. homeowners premium is set to surpass $90 billion for the first...
Reinsurers at Baden Baden Forum Expect P/C Insurers to Resist 2017 Price Hikes
Oct 24 2016 // Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of...
North Carolina Insurers Want Supreme Court Review of 25% Rate Hike Denial
Oct 24 2016 // The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over. The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on...
It’s Official: Florida Workers’ Comp Rates Going Up Nearly 15%
Oct 24 2016 // The Florida Office of Insurance Regulation (OIR) has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for an overall combined statewide average rate increase of 14.5 percent....
Q2 Report: P/C Insurers’ Direct Premium Written Up 3.6 Percent
Oct 24 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion DPW was reported, a record-high. For 2015, total DPW for all P/C...
State Regulators Say Pennsylvania Health Insurance Premiums to Rise
Oct 20 2016 // State regulators say the cost of health insurance premiums will be going up sharply next year for residents who buy individual plans. The state Department of Insurance said Monday that insurance company rates, based on...
