Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Software Firm Sapiens to Grow U.S. Market with Acquisition of Adaptik
Feb 9 2018 // Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost...
North Carolina Rate Bureau Seeks 18.9% Average Rate Hike on Dwelling Policies
Feb 9 2018 // The North Carolina Rate Bureau (NCRB) has requested a statewide average rate increase of 18.9 percent, varying by territory, on dwelling insurance policies, according to a statement from the North Carolina Department of...
Mercury General in California Posts 4Q Profit, Rise in Premiums Written
Feb 6 2018 // Mercury General Corp. has reported fourth-quarter net income of $19.8 million, after reporting a loss in the same period a year earlier. The Los Angeles-based company said it had net income of 36 cents per share. Earnings,...
January Renewals Saw Rate Hikes of Up to 5%, with More Expected: S&P
Jan 25 2018 // Global reinsurance pricing in aggregate was flat to up about 5 percent during the January 2018 renewals, and more price hikes can be expected in loss-affected areas during the year, according to S&P Global...
California Wholesaler Conference Questions: Rising Premiums, Disruption, Disasters?
Jan 22 2018 // Surplus lines in California had a great year with more premium and more items, such as policies and endorsements sold. However, surplus lines brokers had to work harder for all that premium. That’s according to Ben...
Texas Surplus Lines Premium Up by 66% in 10 Years
Jan 22 2018 // Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX). The numbers represent a 6.5 percent growth...
Rates for Commercial Lines Up Slightly in Q4: IVANS
Jan 22 2018 // The IVANS Index of premium rate renewals for the fourth quarter showed a slight rise in the average rate change across commercial auto, business owners, general liability, and commercial property compared to Q3, but a drop...
North Carolina Rejects Proposed 18.7% Homeowners Rate Increase
Jan 22 2018 // The Commissioner of Insurance for North Carolina says a recent rate increase of 18.7 percent proposed by North Carolina insurers is unwarranted and has set a hearing date for later this year to resolve the...
Most Commercial Insurance Rates Were Up Slightly in Q4: IVANS Index
Jan 11 2018 // The IVANS Index of premium rate renewals for the fourth quarter showed a slight rise in the average rate change across commercial auto, business owners, general liability, and commercial property compared to Q3, but a drop...
California Wholesaler Conference Questions: Rising Premiums, Disruption, Disasters?
Jan 9 2018 // Powered by InsuranceJournal.tv Surplus lines in California had a great year with more premium and more items, such as policies and endorsements sold. However, surplus lines brokers had to work harder for all that...
North Carolina Insurance Regulator Denies 18.7% Homeowners Rate Increase
Jan 8 2018 // The Commissioner of Insurance for North Carolina says a recent rate increase of 18.7 percent proposed by North Carolina insurers is unwarranted and has set a hearing date for later this year to resolve the...
Reinsurance Price Hikes Expected to be Short-Lived: A.M. Best
Jan 8 2018 // While overall market conditions may improve over the near term as a result of catastrophe events in the third quarter of 2017, A.M. Best continues to hold a negative outlook for the global reinsurance sector in 2018. In a...
New Law Requires Notice of Workers’ Comp Premium Hikes in New York
Jan 8 2018 // New York Governor Andrew M. Cuomo has signed Assembly Bill No. 1620 into law, requiring insurance companies to notify employers in advance of some workers’ compensation insurance premium increases. The law was...
The Fine Art of Underwriting Through Soft & Slightly Harder Market Cycles
Jan 3 2018 // Twenty or so years ago, a London market marine underwriter declared he was going golfing one afternoon because he had reached his annual capacity level. That was an underwriting model commonly used in the Lloyd’s and...
2017 Texas Surplus Lines Premium Up 6.5% over Previous Year
Jan 3 2018 // Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX). These numbers represent a 6.5 percent...
Property Reinsurance Rates Rise Less Than Expected in Jan. 1 Renewals
Jan 2 2018 // Global property reinsurance prices have risen less than expected in the key Jan. 1 renewal season, with strong competition limiting increases to single digit percentages following a record year of losses, brokers said on...
Utica National Insurance Group Surpasses $1B in Direct Written Premiums
Dec 28 2017 // Utica National Insurance Group has announced that it has become a billion dollar company for the first time in its nearly 104-year history. The company surpassed $1 billion in direct written premiums on December 22,...
Reinsurance Price Hikes May Be Short-Lived as Capacity Is Abundant
Dec 22 2017 // While overall market conditions may improve over the near term as a result of catastrophe events in the third quarter of 2017, A.M. Best continues to hold a negative outlook for the global reinsurance sector in 2018. In a...
New Law Requires Notice of Workers’ Comp Premium Hikes in New York
Dec 20 2017 // New York Governor Andrew M. Cuomo signed Assembly Bill No. 1620 into law yesterday, requiring insurance companies to notify employers in advance of some workers’ compensation insurance premium increases. The law was...
Florida Approves Statewide Homeowners Rate Increase of 6.6% For Citizens
Dec 18 2017 // The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates for Citizens Property Insurance Corp. OIR approved a statewide increase of 6.6...
