West Virginia employers’ rates for workers’ compensation are heading down again after regulators approved a statewide average 9.1 percent decrease in loss cost rates. Insurance Commissioner Michael D. Riley approved the filing submitted last month by the National Council on …
Responding to criticism over its home inspection program, officials of Florida’s policyholder-backed insurer said they will no longer immediately raise the premiums for property owners who dispute the inspection findings or take steps to upgrade their homes. Citizens Property Insurance …
Validus Reinsurance Ltd. has become the latest reinsurer licensed to do business in Florida under the state’s reduced capital law. Under a 2009 law that was designed to attract more private capital to the state, off-shore reinsurers can reduce their …
A Tennessee civil court is allowing a man to pursue a racial discrimination lawsuit after being reprimanded for his role in a questionable workers’ compensation claim filed by another worker. The United States Court of Appeals Sixth Circuit has ruled …
Florida regulators are questioning the increases sought by two property insurers that could raise rates on some homeowners by more than 40 percent, even as they reduce their number of policies. Castle Key Insurance Co., is seeking a statewide average …
A preliminary report on the impact of Florida’s no-fault auto insurance law suggesting it could result in savings between 12 percent and 20 percent on a portion of drivers’ premiums is presenting as many questions as answers. Regulators have cautioned …
North Carolina lawmakers approved a bill with some changes to the property insurance system but, as one industry expert said, in so doing lawmakers “just stuck more fingers in the dike.” Despite what critics say is an antiquated process for …
West Virginia employers can look forward to another reduction in their workers’ compensation rates after state officials welcomed a National Council on Compensation proposed statewide average 9.1 percent decrease in loss cost rates. Ever since West Virginia moved from operating …
One of Alabama’s largest homeowners’ insurers is raising rates on property insurance by as much as 35 percent per policy while dropping some 2,900 rental properties along the state coastline as part of plan to shore up its financial resources. …
Just months after Florida lawmakers enacted a new law designed to target the role of check cashing companies in the construction industry, state officials announced a string of arrests netting more than $140 million in fraudulent transactions. One investigation revealed …
