insurance premiums News

California Insurance Agent Faces Felony Charges for Pocketing Auto Premiums

Anthony John Diaz, 35, was arraigned today in the Fresno County Superior Court in California to answer charges that he allegedly stole insurance premiums from policyholders. Diaz was arrested earlier this month by California Department of Insurance detectives and booked …

Expert Sounds off on Legal, Insurance Issues of Self-driving Cars

Editor’s note: To hear the full interview click on the podcast above or visit www.insuarncejournal.tv. Hilary Rowen, a partner in the law firm of Sedgwick LLP in Sacramento, Calif., for the last three years, has been analyzing and following the …

Both Sides of California’s Health Rate Initiative Make Prop. 103 Comparison

Opponents of Proposition 45 on the upcoming California ballot like to draw a comparison with Proposition 103, the state’s primary auto insurance law. So do its backers. Prop. 45 seems to have slipped in the polls. A Field Poll in …

Maine’s Insurance Rates Lowest in New England, Gov. LePage Says

Maine’s Republican Gov. Paul LePage’s administration says Maine’s auto and homeowners insurance rates are the lowest in New England and among the lowest in the country. The Maine Bureau of Insurance is pointing to recently released reports from the National …

Northern California Agent Nabbed For Bogus Insurance Certificates

Property/casualty agent Rodger Edward Winkler, 64, a was arrested by Shasta County District Attorney investigators in Northern California and charged with numerous felonies, including grand theft, insurance fraud and petty theft. The charges stem from Winkler allegedly collecting insurance premiums …

Oregon Looks At Beefing Up Health Insurance Premium Reviews

Oregon health officials are considering whether to use the state’s authority to approve or reject health insurance premiums as a tool to drive down health care costs. The idea is one of several suggestions for improving the health care system …

Insurance Rates Released by Wisconsin Governor Questioned

Health care advocates called into question information released by Wisconsin Gov. Scott Walker’s administration showing dramatic rate increases for insurance plans to be sold through the new marketplace created under the federal health care law. The marketplaces, or exchanges, will …

FM Global: 1,900 Clients to Receive ‘Membership Credit’ to Lower Premium

Johnston, R.I.-based FM Global, one of the world’s largest business property insurers, said its policyholders will collectively receive an estimated $435 million in premium reductions when they renew their policies between June 30, 2013 and June 29, 2014. FM Global …

2 Mass. Men Sentenced for Fraudulently Collecting $23K in Insurance Payments

Massachusetts authorities announced this month that two men have pleaded guilty to charges they fraudulently collected an insurance payment of more than $23,000. “These defendants conspired to obtain payment for a closed insurance claim,” Massachusetts Attorney General Martha Coakley said …

Texas Home Insurance Premiums Up Since 2009

A report from the Texas Department of Insurance says that homeowners insurance premiums in Texas have gone up 21 percent since 2009. The report that state Insurance Commissioner Eleanor Kitzman presented to a Senate committee Tuesday showed that the average …