As it girds for hurricane season, Texas has plenty to worry about. The Texas Windstorm Insurance Association (TWIA) – which provides coverage for high risk coastal properties – has ended up at the brink of insolvency paying Hurricane Ike claims. …
Florida Gov. Charlie Crist has said he would sign legislation passed at the eed of the legslative session that increases property insurance rates by 10 percent on more than 1 million customers of the state-backed Citizens Property Insurance Corp. Crist …
With the start of the hurricane season just a few weeks away, a leading Florida consumer advocate joined independent agents at a press conference today to warn that property insurance rates need to be raised if insurers are going to …
State Farm’s 3.3 million California auto insurance policyholders will soon see a decrease in their premiums, as the California Department of Insurance approved an 8 percent, $219 million rate cut. The 8 percent rate cut is a statewide average. The …
Florida Gov. Charlie Crist says he’ll sign legislation that increases property insurance rates by 10 percent on more than 1 million customers of the state-backed Citizens Property Insurance Corp. Crist said that stabilizing the marketplace by helping Citizens reach actuarial …
Berkshire Hathaway Chairman Warren Buffett says the company’s young bond insurance unit has not been writing much new business because pricing has been inadequate to cover the risk of losses. “We basically do not like the pricing” we would receive …
Physicians and surgeons in Oregon have seen a decline in medical professional liability insurance rates the past several years, according to a Department of Consumer and Business Services analysis of recent rate changes. The DCBS Insurance Division found that physicians …
At a rate hearing on Tuesday, April 28, California Insurance Commissioner Steve Poizner urged the Workers Compensation Insurance Rating Bureau (WCIRB) to withdraw its request for an increase in the workers’ compensation claims cost benchmark. WCIRB has requested a 23.7 …
Homeowners in 18 coastal North Carolina counties whose homes are insured by a state-backed insurance pool shouldn’t expect a delay of higher rates taking effect May 1. A powerful state legislator said a comprehensive effort to fix the overextended Beach …
Barry County Circuit Judge James Fisher issued an injunction on Friday, April 10, preventing Michigan insurance regulators from challenging insurance companies’ home and auto insurance rate filings that use credit scoring in determining their premiums. The injunction against the Office …
