Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Vermont to Become 1st State Requiring Drug Makers to Explain Price Hikes
May 16 2016 // Vermont is poised to become the first state requiring drug companies to explain their price increases, and Bob and Deborah Messing think that’s a good idea. The Messings live in Montpelier and are in their early 70s....
Maine Insurers Request Double-Digit Rate Hikes Under Health Care Law
May 12 2016 // Insurers are seeking double-digit premium increases in the coming year for tens of thousands of Mainers who receive insurance through President Barack Obama’s health care law. Proposals filed with the Maine Bureau of...
Personal Lines Insurance Prices Inched Up in April
May 9 2016 // Auto and home insurance buyers in the U.S. paid slightly more for their insurance in April compared to the prior six months. It’s not clear whether a pricing trend is starting or catastrophe losses drove a temporary...
Global Reinsurer Profits Expected to Dip in 2016 as Soft Market Takes Toll: Fitch
May 9 2016 // Global reinsurance sector profits in 2016 will fall below 2015 levels as soft market rates, low investment income and an over-supply of capital continue to take their toll on the market, according to a new report from...
Commercial Rates Fell 2% in April: MarketScout
May 9 2016 // Commercial insurance prices fell 2 percent for April as compared to 3 percent in March and 4 percent in January and February 2016. Rates changed in most coverage classifications with property, business interruption,...
Workers’ Compensation Market Improved, Grew Premium in 2015: NCCI
May 6 2016 // The workers’ compensation market is healthy and profitable. This year’s “State of the Line” report, published by the National Council of Compensation Insurance (NCCI), indicates that the...
AXA’s Q1 Revenue Rises 1% on Higher P&C Premiums
May 4 2016 // AXA SA, France’s largest insurer, said first-quarter revenue gained 1 percent, helped by higher prices and volumes from property & casualty operations especially in Germany, the U.K. and faster-developing nations...
Q1 Saw Rate Decreases Continue in Commercial P/C: The Council
May 4 2016 // Commercial property/casualty rates decreased across all size accounts in the first quarter of 2016, continuing a trend that has been evident since the first quarter of 2015. This year, first quarter rates decreased by an...
Massachusetts Workers’ Comp Rates to Rise 1.5%
May 2 2016 // Massachusetts Gov. Charlie Baker’s administration announced on April 20 that the state’s workers’ compensation rates will rise an average 1.5 percent beginning July 1. It’s the first state-approved...
Florida Braces for Rate Hikes, Litigation Due to Workers’ Compensation Fee Ruling
Apr 29 2016 // The Florida Supreme Court’s ruling that the state’s current attorney fee limits are unconstitutional will have serious ramifications on the workers’ compensation market in the state, according to Florida...
Groups: California Auto Repair Regs Will Increase Auto Insurance Rates
Apr 22 2016 // As the California Department of Insurance stages hearings on proposed regulations designed to give more money to auto body repair shops, a handful of property/casualty insurance trade associations are voicing their...
Massachusetts Workers’ Comp Rates to Rise an Average of 1.5%
Apr 20 2016 // Massachusetts Gov. Charlie Baker’s administration announced Wednesday that the state’s workers’ compensation rates will rise an average 1.5 percent beginning July 1. Officials said this nominal increase...
Oklahoma to Hold Hearing on Earthquake Insurance Rate Increases
Apr 19 2016 // Concerned about a competitiveness in the state’s earthquake insurance market, Oklahoma Insurance Commissioner John D. Doak has ordered a public hearing to investigate rising rates. The May 24 hearing will include...
California Consumer Group Wants State Farm Homeowners Rate Reduction
Apr 18 2016 // State Farm has overcharged its customers roughly $78 million since at least July 2015, and should be required to refund that money, Consumer Watchdog told the California Department of Insurance last week. The group wants...
P/C Direct Premium Written Up 2.5 Percent in 2015
Apr 18 2016 // Direct premium written (DPW) for property/casualty (P/C) insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported. For 2015, total DPW for all P/C insurers...
P/C Price Declines Slow for Buyers: Willis Towers Watson
Apr 18 2016 // The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the...
Low Interest Rates, Soft Market Pricing Hit London Market Insurers: Fitch
Apr 12 2016 // The negative impact of low interest rates and soft market pricing on London market insurers has been partially offset by low levels of large claims, according to Fitch Ratings in a special report. London market insurers...
Georgia to Investigate Allstate Auto Rate Increase
Apr 12 2016 // A Georgia statewide rate increase of 25 percent on Allstate Property & Casualty Insurance Company policyholders has triggered a consumer alert from state Insurance Commissioner Ralph Hudgens. The Georgia Department of...
P/C Price Declines Begin to Slow for North American Buyers: Willis Towers Watson
Apr 8 2016 // The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the...
April Renewals Saw More Price Cuts, but Reinsurance Demand Rises: Willis Re
Apr 1 2016 // While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are slowing and reinsurance demand is rising, according to a Willis Re report. For the fourth consecutive...
