The Florida Office of Insurance Regulation announced a public hearing will be held to discuss rate hikes Cincinnati Insurance Co. and Cincinnati Indemnity Co. submitted. The Cincinnati companies requested average statewide rate increases of 36.8 percent and 39.6 percent for …
The Kentucky Office of Insurance says it’s too early to tell if the severe winds caused by the remnants of Hurricane Ike will result in insurance rate hikes. The Courier-Journal reported insurers have received tens of thousands of claims related …
Arizona workers compensation carriers have filed for a 7.9 percent rate increase to take effect Oct. 1, 2008, according to the National Council on Compensation Insurance. By industry group, the rate increase would include a 6.2 percent increase for manufacturing; …
The Workers’ Compensation Insurance Rating Bureau of California indicated it plans to submit a filing to the California Department of Insurance (CDI) recommending a 16 percent increase in pure premium rates effective Jan. 1, 2009. According to the association, nearly …
Florida Insurance Commissioner Kevin McCarty said he will disapprove the July 16 rate filing submitted by State Farm Florida for a 47.1 percent homeowners insurance rate increase. McCarty’s Office of Insurance Regulation (OIR) said the insurer failed to prove that …
Gov. David Paterson is freezing medical malpractice insurance rates for a year as he seeks a broader solution to high business costs doctors claim are driving them out of New York. The freeze heads off a scheduled surcharge due in …
The Workers’ Compensation Insurance Rating Bureau of California indicated it plans to submit a filing to the California Department of Insurance (CDI) recommending a 16 percent increase in pure premium rates effective Jan. 1, 2009. According to the association, nearly …
A State Farm rate increase appears in jeopardy after regulators grilled company officials for hours about a request to jack up rates in Florida by 47.1 percent. Florida’s insurance consumer advocate office told regulators that they should reject the increase …
One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving habits. Following discussions with …
An Ohio official is forecasting slight increases in auto insurance rates through the end of this year and larger increases in homeowners premiums. State Insurance Director Mary Jo Hudson revealed the prediction on August 4 while announcing that average rates …
