insurance premium increases News

New Law Requires Notice of Workers’ Comp Premium Hikes in New York

New York Governor Andrew M. Cuomo signed Assembly Bill No. 1620 into law yesterday, requiring insurance companies to notify employers in advance of some workers’ compensation insurance premium increases. The law was written by Big I New York, the state’s …

Officials: New Minot Flood Plain Map Could Hike Insurance Premiums

Minot, N.D., leaders say the Federal Emergency Management Agency’s proposed new flood plain map could raise insurance premiums for thousands of property owners. The preliminary map shows about 4,000 properties along the Souris River moving from preferred flood risk to …

Maryland’s Amended Premium Increase Notice Requirement to Take Effect

The reenacted Maryland Insurance Article set to take effect on Saturday, Oct. 1, is expected to lift the administrative burden and lack of clarity caused by mandatory notification of minor premium increases, according to a press release issued by the …