South Carolina employers could see their workers’ compensation premiums increase next year if state regulators go along with a proposed 7.3 percent increase in the state’s loss cost rates. The National Council on Compensation Insurance filed for the proposed increase …
Roughly halfway through Florida’s legislative session, state Insurance Commissioner Kevin McCarty expressed optimism that state lawmakers would find a way to substantially reform the state’s no-fault auto insurance law. Speaking on an invitation by the Put the Brakes on Accident …
Auto insurers in North Carolina are once again divided over the prospect of changing how the state sets insurance rates with some insurers advocating for rate deregulation while others are supporting the status quo. The debate comes as state Insurance …
Four insurance executives of a now defunct Florida property insurer have been found not guilty of defrauding the state’s reinsurance facility of over $20 million in a case stemming from hurricane losses dating back to 2004. Judge Robert Lewis of …
Roughly half way through Florida’s legislative session, state Insurance Commissioner Kevin McCarty expressed optimism that state lawmakers would find a way to substantial reform the state’s no-fault auto insurance law. Speaking on an invitation by the Put the Brakes on …
Auto insurers in North Carolina are once again divided over the prospect of changing how the state sets insurance rates with some insurers advocating for rate deregulation while others are supporting the status quo. The debate comes as state Insurance …
Florida’s Citizens Property Insurance Corp. has set the goal of moving at least $1 billion in risk back to the private capital markets while looking to lawmakers to make statutory changes that will assist the insurer in its depopulation efforts. …
Florida small businesses seeing their second workers’ compensation rate increase in as many years are calling on the state to reduce the increase because they fear it will harm the economy. A small business group is asking that the increase …
Florida lawmakers are heading to a showdown over the state’s no-fault automobile insurance law with state Senate lawmakers seeking to reform current law as opposed to a House plan that would repeal the law in favor of a new insurance …
A.M. best has downgraded the financial ratings of FFVA Mutual Insurance Co. due to underwriting losses on its workers’ compensation line of business, especially in states where it expanded outside of Florida. A.M. Best downgraded FFVA Mutual from A (excellent) …
