flex rating News

Tennessee lawmakers have passed a bill allowing property/casualty insurers to implement rate adjustments for personal auto and home insurance policies without prior state approval. Insurers are urging Governor Bill Haslam to sign the so-called “flex-rating” bill (SB 777) that would …

Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates. The Florida Senate and Banking Insurance Committee recently approved a bill that would give homeowners insurers some latitude, allowing them to raise their rates without first getting approval …