Insurance News

Posts Tagged ‘rates

Mercury Insurance, a top rated California automobile insurer, recently announced a planned $72 million premium lowering that could see at least 10% of California drivers qualify. Along with this price slash is other programs such as an announced group discount plan for university alumni and the addition of a 24-hour Roadside Assistance initiative for individuals with comprehensive and collision insurance.

?Mercury?s already Read the rest of this entry »

Excessive billings by medical mills, fraudulent companies that provide few if any real health care services to the public, are a key factor in driving New York State’s no-fault automobile insurance fraud crisis. New data shows the problem with medical mills’ excessive treatment is growing, according to the New York Alliance Against Insurance Fraud (NYAAIF).

During the first six months of 2010, questionable liability insurance claims involving Read the rest of this entry »

The market for directors and officers liability insurance remains soft, according to a quarterly pricing index that an Aon Corp. unit released Tuesday.

The price of D&O coverage decreased 16.4% in the second quarter of this year compared with the same period last year, concluded the report from Chicago-based Aon’s Financial Service Group. That is the largest decrease since the fourth quarter of 2007 and the second consecutive quarter in which Read the rest of this entry »

Excessive billings by medical mills, fraudulent companies that provide few if any real health care services to the public, are a key factor in driving New York State’s no-fault automobile insurance fraud crisis. New data shows the problem with medical mills’ excessive treatment is growing, according to the New York Alliance Against Insurance Fraud (NYAAIF).

During the first six months of 2010, questionable liability insurance claims involving Read the rest of this entry »

Excessive billings by medical mills, fraudulent companies that provide few if any real health care services to the public, are a key factor in driving New York State’s no-fault automobile insurance fraud crisis. New data shows the problem with medical mills’ excessive treatment is growing, according to the New York Alliance Against Insurance Fraud (NYAAIF).

During the first six months of 2010, questionable liability insurance claims involving Read the rest of this entry »

Soft insurance rates and the weak U.S. economy’s reduction of exposure levels weighed on the largest publicly traded brokers’ earnings during the first half of the year, analysts say.

“Broadly speaking, things are not great,” said Meyer Shields, an analyst with Stifel, Nicolaus & Co. Inc. in Baltimore. “In general, the head winds that the brokers faced last year are getting lighter, (but) they are not going away. The economy is still Read the rest of this entry »

(Auto Insurance News) — It’s costing more to insure your car.

The median six-month auto insurance rate in Ohio increased about 5 percent in the past six months to $560 per household, according to a study released yesterday by InsWeb, an online insurance-comparison provider.

The median means half pay more and half pay less.

A household with the median annual income of $41,532 would pay about 2.7 percent of its income Read the rest of this entry »

Commercial property/casualty insurance rates dropped an average 3% in July compared with a year earlier, MarketScout said Thursday.

The Dallas-based electronic insurance exchange said the service industry enjoyed the most competitive pricing among industries surveyed, with average prices down 4%. Among lines of coverage, general liability experienced the greatest pricing decline with average prices down 5%.

“Insurers received Read the rest of this entry »

Commercial property/casualty insurance rates dropped an average of 6.4% during the second quarter this year, according to the Council of Insurance Agents & Brokers? ?Commercial P/C Market Index Survey? released Monday.
Advertisement

Large accounts, which the survey defines as generating more than $100,000 annually in fees and commissions, experienced the steepest decline at 8.9%, while small accounts generating less than $25,000 in Read the rest of this entry »

The Deepwater Horizon oil rig disaster has not affected reinsurance rates across the energy and casualty lines yet, as July 1 renewals in the sector were flat or down, according to a report Thursday by Guy Carpenter & Co. L.L.C.

However, the full effect of the disaster remains to be seen, and upward pressure on pricing is a possibility, the report said.

According to New York-based Guy Carpenter, the disaster did not affect quotes Read the rest of this entry »