Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Oklahoma Insurance Regulators: No Authority to Approve ACA Rate Hikes
May 26 2016 // The Oklahoma Insurance Department does not have statutory authority to approve or deny rate increases filed by insurers on the federal health insurance exchange, state regulators say. Oklahoma, along with Texas, Missouri,...
Arkansas Officials Question Health Insurance Rate Hikes for 2017
May 25 2016 // Arkansas Insurance Commissioner Allen Kerr says he expects to deny several recent requests by insurers to raise rates on individual on-exchange health insurance policies by more than 10 percent for 2017. Under the...
Small Group of Bermudian Re/Insurers Drive Overall Q1 Premium Growth: S&P
May 24 2016 // At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report published by Standard &...
Brokers Dealing with Soft Market, ‘Market Fatigue’ in Medical Professional Liability
May 24 2016 // Powered by InsuranceJournal.tv Are insurance brokers experiencing “market fatigue” in the medical professional liability line of insurance right now? Could be, according to Daniel Nash, senior vice president of...
Workers’ Compensation Market Improved, Grew Premium in 2015: NCCI
May 23 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...
New York Health Insurers Propose Hikes for Individual, Small Group Rates
May 20 2016 // New York health insurers have proposed premium increases averaging 17.3 percent for next year in the market for individuals and 12 percent for small groups. The New York State Department of Financial Services often reduces...
P/C Insurers Caught Between Slowing Premium Growth and Rising Loss Ratios
May 18 2016 // For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry’s collective combined ratio worsened slightly, according to a new report from ISO...
Delta Lloyd’s Solvency II Ratio Declines to 127% on Fall in Interest Rates
May 18 2016 // Delta Lloyd NV, the Dutch insurer that last month completed a rights offer to shore up its capital buffers, said its ability to absorb losses weakened in the first quarter. The Solvency II ratio, a measure of an...
Allstate Rate Hikes for Georgia Drivers Move Forward, For Now
May 17 2016 // Allstate can go ahead raise auto insurance rates for Georgia drivers later this month because a state review of the planned increase won’t be done in time to stop the higher rates from taking effect, state regulators...
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...
