Mississippi Insurance Commissioner Mike Chaney says he will decide soon whether State Farm can boost homeowners’ rates in three coastal counties. Chaney told the editorial board of The Clarion-Ledger newspaper that he should make a final ruling next month on …
Iowa Insurance Commissioner Susan Voss has approved a request for a 2.3 percent overall rate increase for workers’ compensation insurance in that state. The filing was submitted by the National Council on Compensation Insurance Inc. on Aug. 12. The commissioner’s …
Insurance rates are going up for many Alabama homeowners. Officials with three of the four companies that insure the most homes in Alabama say that they are raising rates. The company that sells the most homeowners insurance in Alabama, State …
Policyholders of Louisiana’s state-backed property insurance company will see an average statewide rate increase of about 10 percent next year, under a proposal preliminarily approved by the firm’s board on Sept. 10. The Louisiana Citizens Property Insurance Corp. board forwarded …
Homeowner insurance premiums in Arkansas are expected to rise this year by an average of 10 percent as the industry works to rebound from 2008’s dual blows of foul weather and nasty financial markets. The Arkansas Insurance Department said the …
Gov. David Paterson has signed legislation to freeze medical malpractice insurance rates in New York for another year, but the state’s largest insurer said it leaves the company financially weaker while efforts to resolve malpractice issues are stalled. Dr. Robert …
State Farm is looking to raise coastal homeowners insurance rates in Mississippi an average 45 percent but the state regulator isn’t very receptive to the idea. “I am not going to approve the present filing,” Insurance Commissioner Mike Chaney stated …
The Iowa Insurance Division reported that the National Council on Compensation Insurance has made a rate filing which affects the premium rates for workers’ compensation insurance. The rate filing proposes an overall increase in rates of 2.3 percent. Included in …
A Florida hearing into rate changes for Citizens Property Insurance Corp. for next year that had been scheduled for Aug. 25 has been postponed due to a glitch in the electronic transfer of data accompanying the rate filings. John Kuczwanski, …
The governing board of Louisiana’s state-backed property insurance firm on Aug. 13 approved a reduction in a fee imposed on policyholders, money that goes to pay off debt incurred because of Hurricane Katrina claims. All property insurance policyholders in the …
