Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Cyber Insurance Rates Up, Unlike Other Commercial Rates
Dec 3 2015 // Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the latest analysis from...
Workers’ Comp Rates in Washington to Increase 2% In 2016
Dec 2 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...
Allianz Aims to Increase Premiums by $6.9 Billion Annually
Nov 24 2015 // Allianz SE, Europe’s largest insurer, aims to generate an additional 6.5 billion euros ($6.9 billion) in annual premiums as the company focuses on its most profitable businesses. Allianz wants to achieve annual...
P/C Direct Premium Written Up Nearly 4.7 Percent
Nov 16 2015 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported, a record high for the industry. For 2014, total...
Commercial Insurance Rates, Except Auto and Flood, Still Falling
Nov 16 2015 // Commercial property/casualty insurance prices continued to decline moderately – an average of 3.1 percent – during the third quarter, according to a survey by The Council of Insurance Agents & Brokers. The...
Mercury in California Says Net Premiums Rose, Net Income Fell in 3Q
Nov 16 2015 // Mercury General Corp. at the start of November reported net written premiums rose 8 percent for the third quarter from a year ago. The board of directors for the Los Angeles, Calif.-based carrier also declared a quarterly...
Florida Issues Final Order for NCCI to Decrease Workers’ Comp Rates by 4.7%
Nov 13 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...
U.S. Health Care Cost Increases at Lowest Rate in Nearly 20 years: Aon
Nov 12 2015 // After plan design changes and vendor negotiations, the average health care rate increase for mid-size and large companies was 3.2 percent in 2015, marking the lowest rate increase since 1996, according to a new analysis by...
Surge in Auto Break-Ins Bumping up Crime Rate in Mississippi City
Nov 6 2015 // Hundreds of vehicle break-ins are a big part of the reason that major crimes are up in Hattiesburg. There were 376 vehicle break-ins during the first nine months of this year, compared to 114 a year ago, The Hattiesburg...
UK’s Direct Line Hikes Motor Premiums as Result of Claims Inflation
Nov 3 2015 // Direct Line Insurance Group Plc, the UK’s largest car insurer, said pricing for its motor business increased in the last two quarters because of higher claims. Rates for car cover rose 8.4 percent in the three months...
Mercury in California Says Net Premiums Rose, Net Income Fell in 3Q
Nov 2 2015 // Mercury General Corp. reported net written premiums rose 8 percent for the third quarter from a year ago. The board of directors for the Los Angeles, Calif.-based carrier also declared a quarterly dividend of 62 cents per...
California Commissioner Approves Reduced 2016 Pure Premium Rate Filing
Nov 2 2015 // California Insurance Commissioner Dave Jones approved workers’ compensation rates for 2016 that are 2 percent below the average approved in July. The Workers’ Compensation Insurance Rating Bureau submitted its...
New British Insurance Premium Tax Hike Could Further Squeeze Insurer Margins
Oct 30 2015 // A tax hike on British motor and home insurance policies effective from Sunday is set to hit consumers and could trigger a fresh round of margin-squeezing price competition among general insurers. The jump in the insurance...
Commercial Insurance Rates, Except Auto and Flood, Still Falling: CIAB
Oct 29 2015 // Commercial property/casualty insurance prices continued to decline moderately — an average of 3.1 percent— during the third quarter, according to a survey by The Council of Insurance Agents & Brokers. The CIAB...
Premiums on New Jersey Health Exchange Rising 5%
Oct 28 2015 // The premium for a mid-level plan offered on the federal government’s health insurance exchange will be up by 5 percent in New Jersey in 2016. But premiums will be lower, as expected, for people choosing a new plan...
Ping An Profit Rises 32% as Higher Premiums Offset Stock Market Slump
Oct 28 2015 // Ping An Insurance (Group) Co., China’s second-largest insurer, said third-quarter profit rose 32 percent as higher premium income and banking revenue helped offset the impact of a stock market rout on investment...
Louisiana Workers’ Comp Insurance Rates Set to Decline Again
Oct 26 2015 // Commissioner of Insurance Jim Donelon reports that Louisiana businesses are expected to see a decrease in their workers’ compensation rates in 2016. The National Council on Compensation Insurance (NCCI) recently...
Qatar Insurance Posts 20% Premium Rise for 1st 9 Months of 2015
Oct 26 2015 // Qatar Insurance Company (QIC), the parent company of Qatar Re and Antares, has announced that for the first nine months of 2015 its gross written premiums increased by 20 percent from $1.23 billion to $1.48 billion. It...
California Commissioner Approves Reduced 2016 Pure Premium Rate Filing
Oct 20 2015 // California Insurance Commissioner Dave Jones approved workers’ compensation rates for 2016 that are 2 percent below the average approved in July. The Workers’ Compensation Insurance Rating Bureau submitted its...
Reinsurers See Further Price Declines for 2016 in Wake of Mergers
Oct 19 2015 // The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess...
