Latest Pricing Trends Headlines
All the headlines from our Pricing Trends Topic Page, ordered by recency.
Ongoing Soft Market Tops Reinsurers’ Concerns: Xuber Survey
Jun 14 2016 // Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline,...
Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson
Jun 13 2016 // Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS). While price changes in the...
California State Fund Files for Workers’ Comp Rate Decrease
Jun 9 2016 // The State Compensation Insurance Fund is seeking to cut its workers’ compensation rates, per a recent filing with the California Department of Insurance. The rate filing also includes an overall 9.5 percent rate...
Connecticut Reviewing Health Insurers’ Rate Hike Requests
Jun 8 2016 // Connecticut’s Department of Insurance is reviewing rate increase requests filed by 14 health insurance companies that range on average from 2.1 percent to 32 percent. The private plans, offered on and off the...
P/C Insurers Continue to See Slow Premium Growth and Rising Loss Ratios
Jun 6 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...
Highmark, Aetna Request Substantial Rate Hikes in Delaware
Jun 3 2016 // Delaware Insurance Commissioner Karen Weldin Stewart announced Thursday that she has received rate request filings from Highmark Blue Cross Blue Shield of Delaware, Aetna Inc. and Aetna Life for individual and small group...
Health Insurers File for Rate Hikes in Kansas
Jun 2 2016 // The Kansas Insurance Department is reviewing requested rate filings for individual and small group health plans in Kansas for 2017. The range of requested average rate revisions by insurance companies is from 3.3 percent...
Insurance Rates Unlikely to Rise a Lot Even If Hurricane Season is Above Normal: Fitch
Jun 2 2016 // Hurricane forecasters may be split on whether the 2016 Atlantic hurricane season will be above average or normal, but even a higher level of storms might not boost property insurance prices to levels seen in prior market...
Reinsurance Rates Continued Stabilization Trend at June Renewal; Florida Down Just 3.1%: JLT
Jun 1 2016 // Reinsurance rate declines continued to slow at the June 1 renewal, reaffirming a trend of gradual price stabilization that first emerged during last year’s June renewal season, according to reinsurance brokerage JLT...
Health Insurers Seek Big Premium Increases in Pennsylvania
May 31 2016 // Pennsylvania’s insurance regulators are starting a review of health plans for coverage next year through the federal marketplaces, including several that seek premium increases in excess of 40 percent. The...
Under Missouri Bill, Insurance Department Would Review ACA Rate Hikes
May 30 2016 // Health insurance companies would no longer be able to raise rates for Affordable Care Act consumers in Missouri without review by a state agency under a measure awaiting the governor’s signature. Advocates say the...
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...
