North Carolina homeowners could see their first rate increase in four years as the state’s rating bureau called for a statewide average 17.7 percent increase in loss cost rates. The North Carolina Rate Bureau filed for the rate increase on …
Florida regulators have approved a 10.8 percent statewide average homeowners insurance rate increase and a 21.4 percent increase in sinkhole rates for the state-backed property insurer. Insurance Commissioner Kevin McCarty announced the new Citizens Property Insurance Corp. rates that hue …
Florida regulators have approved an average 6.9 percent rate hike for State Farm Florida Insurance Co., which is the insurer’s fifth increase in as many years. The insurer had initially sought an average 14.9 percent increase citing hurricane and underwriting …
A South Carolina court has found that an erotic dancer who suffered a gunshot wound while performing is not eligible for workers’ compensation benefits since she didn’t meet the definition of being an employee at the club where she was …
Executives of Florida’s state-backed insurer defended a proposed statewide average 11.2 percent increase in homeowners rates as regulators, consumer advocates and other officials questioned the need for the increases, citing a projected reduction in sinkhole claims, the use of computer …
A plan by Florida’s state-backed property insurer to loan private insurers millions of dollars in surplus in exchange for removing policies has not been properly vetted and is a sweetheart deal for a few insurers, a Florida official has charged. …
A worker who unintentionally shot a co-worker can be sued in civil court since his actions were outside the scope of his normal duties and despite the fact the employer treated the shooting like a workers’ compensation claim, the Georgia …
A leading North Carolina property insurer has seen its credit rating downgraded due to a significant decrease in its underwriting revenue and its potential for large losses due to hurricanes and other severe weather conditions. Standard & Poor’s rating agency …
Insurers and employers in Mississippi now have greater latitude to conduct alcohol and drug tests on employees following a workplace accident and reduce benefits for workers with pre-existing conditions. Those changes are among those under updated workers’ compensation laws that …
Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates over rates, mitigation credits, rolled-back coverage, depopulation …
