0.9% The workers’ compensation voluntary loss cost decrease approved by the New Hampshire Insurance Department, along with a reduction in assigned risk rates of 0.6 percent. The new figures went into effect Jan. 1. The decision mirrors the request made …
$20 billion The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized coverage for some of the riskiest …
20% The premium refund that The Medical Assurance Company of Mississippi is giving to its physician customers. According to Michael D. Houpt, MACM president, the malpractice insurance refund has been made possible almost entirely as a result of the significant …
8% The drop in premiums sought by the largest medical malpractice insurer in Maryland for next year in what would be its first rate reduction since at least 1992. The potential rate cut by Medical Mutual Liability Insurance Society of …
55% The rate hike that Florida’s insurer of last resort, Citizens Property Insurance Corp., decided to delay a vote on, following requests from lawmakers to wait until after the January special legislative session. 13,000 The number of free home inspections …
$261 Billion The total amount of U.S. tort costs in 2005, according to the 2006 Update on U.S. Tort Cost Trends from the Tilling-hast business of Towers Perrin. The amount adds up to about $880 per person, $4 less per …
5.9% Decrease in average total combined auto insurance premium in Colorado from 2003 to 2004, according to the National Association of Insurance Commissioners’ “2003/2004 Auto Insurance Database Report.” According to the report, Colorado had the largest decrease in that time …
13 The Insurance Institute for Highway Safety announced 13 vehicles that earned its Top Safety Pick awards for 2007. Winners include four cars, seven SUVs, and two minivans. Three of the 13 winning vehicles for 2007 are from Honda, including …
4% The increase in medical malpractice premiums collected by insurers in 2005 over 2004 in Tennessee. Insurers collected $341 million. Insurers paid out about 14 percent more in Tennessee cases in 2005 than the year before, including $119 million in …
$1.07 million The fine imposed against the owners of Rhode Island’s The Station nightclub for failing to carry workers’ compensation insurance at the club, the site of a 2003 fire that killed 100 people. Owners Jeffrey and Michael Derderian sought …
