Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
France to Hike Premium Tax to Bolster Compensation Fund for Attack Victims
Oct 19 2016 // France plans to increase a levy on property insurance policies to 5.90 euros [$6.30] from 4.30 euros [$4.59] per contract to bolster a fund that provides compensation to victims of attacks or other criminal acts. Following...
Emerging Markets to See Strong Non-Life Premium Growth in Years Ahead: JLT Re
Oct 12 2016 // Despite recent slowdowns, emerging economies are expected to outperform advanced markets over the next five years, according to a report published by JLT Re. The emerging economies examined in the JLT Re study are also...
Workers’ Comp Rates in Idaho to Decrease for 2017
Oct 11 2016 // The Idaho Department of Insurance has received a proposal from the National Council on Compensation Insurance for an overall rate drop of 1.2 percent percent in workers’ compensation insurance to become effective...
It’s Official: Florida Workers’ Comp Rates Going Up Nearly 15%
Oct 11 2016 // The Florida Office of Insurance Regulation (OIR) has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for an overall combined statewide average rate increase of 14.5 percent....
Ohio Home, Auto Insurance Rates Up Slightly but Still Among Nation’s Lowest
Oct 10 2016 // The Ohio Department of Insurance (ODI) reports that average premiums for auto and home insurance in the state rose in 2015 but not by much. The average rate changes in 2015 for Ohio’s top 10 homeowners and private...
North Carolina Insurers Want Supreme Court Review of 25% Home Insurance Rate Hike Denial
Oct 4 2016 // The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over. The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on...
Florida Approves Increases for Citizens Commercial Property Rates
Oct 4 2016 // The Florida Office of Insurance Regulation (OIR) has issued an order establishing the 2017 commercial property rates for Citizens Property Insurance Corporation. Rates are going up for all accounts except the Commercial...
Florida Regulators Approve Rate Increase for Citizens Policyholders
Oct 3 2016 // Rates are going up for many Florida homeowners. The Florida Office of Insurance Regulation has approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp. homeowners’ multiperil...
P/C Direct Premium Written Up 4.3 Percent: Demotech
Oct 3 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion of DPW was reported, a record high for the industry. For 2015,...
Maryland’s Amended Premium Increase Notice Requirement to Take Effect
Sep 30 2016 // The reenacted Maryland Insurance Article set to take effect on Saturday, Oct. 1, is expected to lift the administrative burden and lack of clarity caused by mandatory notification of minor premium increases, according to a...
Florida Approves 14.5% Workers’ Comp Rate Hike in Response to Court Rulings
Sep 27 2016 // The Florida Office of Insurance Regulation (OIR) has given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in...
Covered California Prices for Small Business to Rise 5.9%
Sep 19 2016 // Small business employees who get health coverage through the Covered California health insurance exchange will see an average price increase of 5.9 percent next year. The figure announced last week affects roughly 28,000...
Florida Regulators Approve Rate Increase for Citizens Policyholders
Sep 19 2016 // The Florida Office of Insurance Regulation approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp. homeowners’ multiperil policyholders across the state. According to Citizens, the...
Minnesotans on Employer Health Insurance Plans See Modest Rate Hikes
Sep 16 2016 // The majority of Minnesota residents aren’t experiencing the hefty health insurance rate hikes that shoppers who buy their coverage individually will see, according to data released by the federal government. More...
Workers’ Compensation Market Enters Soft Market: A.M. Best
Sep 14 2016 // The workers’ compensation market has likely entered a soft market phase based on a declining trend in price increases that began in 2013, according to a new report from A.M. Best. The report titled, “State...
SCOR Targets 7% Annual Rise in Gross Premiums During Next 3 Years
Sep 7 2016 // SCOR SE, France’s largest reinsurer, expects gross premiums to rise as much as 7 percent annually over the next three years on increased demand in Asia. SCOR has “significant growth potential” despite a...
Connecticut’s 2017 Health Insurance Rates Expected to Rise
Sep 6 2016 // Tens of thousands of Connecticut health insurance consumers will still see double-digit increases in their 2017 rates, even though the state’s Department of Insurance has denied some rate requests filed by health...
Demotech on Workers’ Comp: Premiums Up 2.3% in First Half of 2016
Sep 6 2016 // Demotech’s review of second quarter 2016 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 2.3 percent increase...
California Commissioner Approves Rate Reductions on State Farm Commercial Policies
Sep 6 2016 // California Insurance Commissioner Dave Jones approved rate reductions for several State Farm commercial policies that he said will bring millions of dollars in premium savings for tens of thousands of small businesses,...
California Commissioner Approves Rate Reductions on State Farm Commercial Policies
Aug 24 2016 // California Insurance Commissioner Dave Jones has approved rate reductions for several State Farm commercial policies that he said will bring millions of dollars in premium savings for tens of thousands of small businesses,...
