Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
E. Baton Rouge Refuses to Hike Employee Insurance Premiums
Oct 16 2015 // East Baton Rouge, La., city-parish government employees will not see an increase in their health insurance premiums. The Metro Council on Oct. 14 refused to raise health insurance premiums for city employees. The decision...
Idaho Workers’ Comp Rates to Increase Slightly For 2016
Oct 7 2015 // The Idaho Department of Insurance has received a proposal for an overall rate increase of 0.2 percent to workers’ compensation insurance for 2016 by the National Council on Compensation Insurance. NCCI collects...
Endeavour Appoints Price to Drive Growth of U.S. & Canadian Specialist Business
Oct 2 2015 // London-based Endeavour Insurance Services* has appointed David Price as divisional director to drive further growth of the company’s specialist business across its U.S. and Canadian accounts. Price’s role will...
Workers’ Compensation Premiums Up 5.3% in First Half of 2015: Demotech
Sep 25 2015 // Workers’ compensation insurers reported a 5.3 percent increase in direct written premiums during the first six months of 2015 versus the same period in 2014, according to actuarial firm Demotech’s review of...
Washington Labor Department Seeks 2% Workers’ Comp Rate Hike
Sep 24 2015 // The Washington State Department of Labor & Industries is proposing an average 2 percent rate workers’ compensation increase for 2016. Each fall L&I sets workers’ comp rates for the following year....
Mass. Senate Panel to Examine Recent Hikes in Home Insurance Rates
Sep 21 2015 // A Massachusetts Senate panel is examining recent hikes in homeowner insurance rates in Massachusetts. The Senate Post Audit and Oversight Committee has called insurance company officials and state regulators to testify at...
Texas Surplus Line Stamping Fee Rate to Increase Jan. 1
Sep 21 2015 // The surplus lines stamping fee rate in Texas will increase next year to 0.15 percent of the gross premium amount of surplus lines insurance policies, the Surplus Lines Stamping Office of Texas (SLSOT) reported. The...
New York Fears Audit of Insurer in Albany Probe Could Trigger Insolvency, Rate Hikes
Sep 21 2015 // New York doctors, some of whom already pay 10 times more for malpractice insurance than physicians in San Francisco, may see their rates soar thanks to a state audit beginning this month. Physicians’ Reciprocal...
Workers’ Comp Premiums Increase By 5.3% in First Half of 2015
Sep 21 2015 // Demotech’s review of second quarter 2015 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 5.3 percent increase...
Commercial Insurance Prices Up But Barely: Survey
Sep 21 2015 // Commercial insurance prices increased in aggregate at a modest pace (one percent) during the second quarter of 2015, continuing a trend of ever smaller increases. That’s according to the latest Commercial Lines...
Commercial Insurance Prices Up But Barely: Survey
Sep 15 2015 // Commercial insurance prices increased in aggregate at a modest pace (one percent) during the second quarter of 2015, continuing a trend of ever smaller increases. That’s according to the latest Commercial Lines...
The Hard Market That Wasn’t
Sep 7 2015 // Are Your Carriers Positioned For What Comes Next? For the U.S., property/casualty industry recent events have mimicked the boxing idiom one, two punch. P/C industry professionals haven’t seen a combination of an...
Stamping Offices Report Moderate Growth in U.S. Premium
Sep 7 2015 // Collectively, the 14 U.S. surplus lines stamping offices have reported moderate growth in surplus line premiums during the first half of 2015. Approximately 60 percent of all surplus lines insurance is processed by...
Insurers Look to Cyber, M&A Coverage as Prices Decline: Marsh
Sep 7 2015 // Commercial insurance rates continued their global decline in the second quarter of 2015, a trend driven by an abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global...
R.I. AG Sues Health Insurance Commissioner Over 10% Blue Cross Rate Hike
Sep 2 2015 // Rhode Island’s attorney general has sued the state’s health insurance commissioner for allowing Blue Cross Blue Shield of Rhode Island to hike premiums for some residents 10 percent. Attorney General Peter...
300K Massachusetts Resident to See Their Health Insurance Rates Jump 6%
Aug 30 2015 // About 300,000 Massachusetts residents who buy their own health insurance or work for small businesses are about to see their premiums jump more than 6 percent on average. The increase approved by the state Division of...
Arkansas to See Max 7.15% Rate Hike in Health Marketplace in 2016
Aug 27 2015 // Arkansas’ insurance commissioner says health insurance rates on the state’s marketplace will increase by no more than 7.15 percent next year. The Arkansas Insurance Department approved the 2016 rates for...
Citizens: Water Losses the Reason for Rate Increases in South Florida
Aug 26 2015 // In a nearly three-hour rate hearing on August 25, representatives from Florida’s Citizens Property Insurance Corp. delved into and defended their recent rate filing, which included significant increases in many...
Fitch: Downward Pricing Pressures in Reinsurance Market Begin to Slow
Aug 25 2015 // The reinsurance market showed signs of decelerating rate declines in its most recent June/July 2015 renewals, indicating that pricing could be approaching a new equilibrium, says Fitch Ratings in a new global sector...
Louisiana Jobless Rate Dips but Job Totals Shrink
Aug 24 2015 // Fewer people had jobs in Louisiana in July as employer payrolls shrank, but the unemployment rate fell again as even more people left the labor force. The state’s unemployment rate fell to 6.2 percent in July from...
