Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
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...
NCCI Proposes Decrease to Florida Workers’ Comp Rates
Aug 21 2015 // The Florida Office of Insurance Regulation said today that it has received the 2016 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide...
NCCI Files for Workers’ Comp Rate Increase in Iowa
Aug 18 2015 // The National Council on Compensation Insurance Inc. has filed a workers’ compensation rate proposal in Iowa that would increase voluntary and assigned risk rates by 2.7 percent from the current rates that became...
Massachusetts Senate to Probe Home Insurance Rate Hikes
Aug 17 2015 // The Massachusetts Senate’s oversight body is launching an inquiry into homeowners insurance rate increases approved by the Division of Insurance (DOI) this year after a brutal winter led to increased claims...
West Virginia to See Decrease in Workers’ Comp Premiums
Aug 17 2015 // Gov. Earl Ray Tomblin says employers in the state will see an estimated $43 million reduction in workers’ compensation premiums in the coming year. Tomblin says employers have saved more than $323 million since the...
Insurers Look to Cyber, M&A Coverage as Prices Decline for 9th Quarter: Marsh
Aug 14 2015 // Commercial insurance rates continued their global decline in the 2015 second quarter, a trend driven by a continued abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global...
NCCI Seeks Worker’s Comp Loss Costs, Rates Decrease in New Hampshire
Aug 13 2015 // The National Council on Compensation Insurance (NCCI ) recently delivered a workers’ compensation loss cost filing to the New Hampshire Insurance Department. NCCI said in its July 31 filing that based upon its review...
Blue Cross Seeks 34% Rate Hike in North Carolina for ACA Plans
Aug 13 2015 // North Carolina’s largest health insurer says higher-than-anticipated costs after two years of selling federally subsidized coverage has forced it to seek premium increases even greater than it thought would be...
Price Tag from Spring Severe Weather Adding Up in Oklahoma
Aug 11 2015 // The rain has stopped falling and the triple-digit heat of an Oklahoma summer has finally arrived, but state emergency managers are still adding up the price tag for repairing roads, bridges and other public infrastructure...
West Virginia to See Decrease in Workers’ Comp Premiums
Aug 3 2015 // Gov. Earl Ray Tomblin says employers in the state will see an estimated $43 million reduction in workers’ compensation premiums in the coming year. Tomblin says employers have saved more than $323 million since the...
Auto, Homeowners Insurance Rates Rise in Ohio in 2014
Aug 3 2015 // The average rates for the top 10 private passenger auto and homeowner’s insurance groups in Ohio increased 2.6 percent and 4.3 percent, respectively, in 2014. The average rate change for auto insurance is similar...
The Doctors Co. Challenges Florida’s Order to Decrease Med Mal Rates
Aug 3 2015 // An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set...
Massachusetts Senate to Launch Inquiry Into Home Insurance Rate Hikes
Jul 31 2015 // The Massachusetts Senate’s oversight body is launching an inquiry into homeowners insurance rate increases approved by the Division of Insurance (DOI) this year after a brutal winter led to increased claims...
Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima
Jul 30 2015 // Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into...
The Doctors Co. Challenging Florida’s Order to Decrease Med Mal Rates
Jul 27 2015 // An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set...
