Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Munich Re Expects Profit Drop in 2016 on Soft Market, Low Interest Rates
Mar 16 2016 // Munich Re, the world’s second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings. The company plans to repurchase 1 billion...
Poland’s PZU Reviews Strategy: Plans to Slash Costs, Hike International Premiums
Mar 16 2016 // PZU SA plans to review its strategy to bolster earnings as last year’s profit collapsed to the lowest since its debut in Warsaw in 2010 after being rocked by record-low interest rates. Under Chief Executive Officer...
Nevada Insurance Commissioner Approves Workers’ Comp Rate Decrease
Mar 7 2016 // Acting Nevada Insurance Commissioner Amy L. Parks approved a filing from the National Council on Compensation Insurance for an average decrease of 5.5 percent for Nevada workers’ compensation voluntary insurance loss...
California Commissioner, Allstate Agree to Homeowner Rate Reduction
Mar 7 2016 // California Insurance Commissioner Dave Jones reached an agreement last month with Allstate Insurance Co. and Allstate Indemnity Insurance to reduce the carrier’s homeowner insurance rates statewide by an average of...
Nevada Insurance Commissioner Approves Workers’ Comp Rate Decrease
Feb 29 2016 // Acting Nevada Insurance Commissioner Amy L. Parks approved a filing from the National Council on Compensation Insurance for an average decrease of 5.5 percent for Nevada workers’ compensation voluntary insurance loss...
Massachusetts Bill Aims to Open Up Rate Filings for Discussion
Feb 22 2016 // The Massachusetts Senate earlier this month passed a legislative amendment that would open up home insurers’ rate filings for public discussion. The amendment was proposed by Massachusetts State Senator Mike Barrett,...
P/C Direct Premium Written Up 4.2 Percent
Feb 22 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually, according to a Demotech analysis. At year-end 2014, more than $570 billion of DPW was reported, a record-high...
California Commissioner, Allstate Agree to Homeowner Rate Reduction
Feb 17 2016 // California Insurance Commissioner Dave Jones has reached an agreement with Allstate Insurance Co. and Allstate Indemnity Insurance to reduce the carrier’s homeowner insurance rates statewide by an average of 12.6...
Massachusetts Bill Aims to Open Up Home Rate Filings for Discussion
Feb 16 2016 // The Massachusetts Senate recently passed a legislative amendment that would open up home insurers’ rate filings for public discussion. The amendment was proposed by Massachusetts State Senator Mike Barrett,...
Insurance Agency Growth, Profits Slipped in 2015 on Oil Bust, Soft Market: Reagan
Feb 9 2016 // Insurance agency and brokerage organic revenue growth slowed to 4.6 percent for 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) survey. That was down from the organic growth of 6.2...
P/C Commercial Rates Fell 4% in January
Feb 5 2016 // Rates for commercial property/casualty insurance fell four percent in the first month of the new year, continuing a downward trend that is unlikely to halt anytime soon, according to Richard Kerr, CEO of...
Louisiana Citizens Plans Rate Reductions, Increases
Jan 25 2016 // Almost all of the Orleans Parish homeowners who buy coverage from the state insurer of last resort could see their rates drop 6.3 percent if the Louisiana Insurance Department approves proposed rate reductions. The...
Massachusetts Homeowners Express Concern Over Rising Rates
Jan 11 2016 // The Massachusetts Division of Insurance recently published on its website written public comments that were received in conjunction with the Division’s informational hearings on the Massachusetts home insurance...
N.J. Insurance Underwriting Association to Implement Rate Increase
Jan 6 2016 // The New Jersey Insurance Underwriting Association (NJIUA), the state’s residual property insurance plan, said it has received approval from the Department of Banking and Insurance to implement an overall rate...
Mass. Workers’ Compensation Rating & Inspection Bureau Proposes Rate Hike
Dec 28 2015 // The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIBMA) has submitted a rate filing to the Division of Insurance on behalf of its members. The Dec. 23 filing recommends a 6.4 percent...
Workers’ Comp Rates in Washington to Increase 2% In 2016
Dec 21 2015 // The average base rate Washington businesses pay for workers’ compensation insurance will increase by 2 percent in 2016, the state Department of Labor & Industries announced. L&I uses wage inflation as a...
Massachusetts AG Faults Insurers’ Rate Hikes
Dec 21 2015 // Massachusetts Attorney General Maura Healey says two of the state’s largest homeowners’ insurance companies won excessive and unwarranted rate increases of about 9 percent by taking advantage of last...
Growth in Cyber Insurance Sustainable if Underwriting, Pricing Are Right
Dec 7 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
Florida Issues Final Order for NCCI to Decrease Workers’ Comp Rates by 4.7%
Dec 7 2015 // The Florida Office of Insurance Regulation (OIR) has approved an overall decrease of 4.7 percent in workers’ compensation insurance rates in Florida. Following the disapproval of its original rate filing request, the...
Mass. AG Argues Mapfre, Safety Won Excessive Home Insurance Rate Hikes
Dec 3 2015 // Massachusetts Attorney General Maura Healey says two of the state’s largest homeowners’ insurance companies won excessive and unwarranted rate increases of about 9 percent by taking advantage of last...
