Louisiana Citizens Property Insurance Corp. policyholders won’t see planned rate increases for at least two months because the agency can’t get a quorum on its board to approve the measure. Premiums had been scheduled to start going up in October …
Florida Insurance Commissioner Kevin McCarty said the Office of Insurance Regulation issued a notice of intent to disapprove the June 20 rate filing submitted by Florida Farm Bureau Insurance Companies – Farm Bureau General and Farm Bureau Casualty. Farm Bureau …
In its rate filing of June 20, Florida Farm Bureau requested a statewide average increase of 28.4 percent for its homeowners line of business. The Florida Office of Insurance Regulation announced a public rate hearing to discuss the rate increase …
Malpractice insurer ProMutual Group recently announced a rate reduction for individual physicians and surgeons in the state of Pennsylvania. All individual professional liability policyholders will receive a 6 percent decrease in their base rate. Rate changes became effective July 1, …
Allstate Corp. will have to lower its rates on California homeowner policies by 28.5 percent making an estimated $255 million in annual savings for consumers, the state’s Insurance Commissioner Steve Poizner said. “In today’s sputtering economic environment, people need all …
As gas prices soar to more than $4 per gallon in Idaho, many residents are driving less, according to the Department of Insurance. Many people have started carpooling or using alternate means of transportation such as mass transit, scooters, bikes …
Florida Insurance Commissioner Kevin McCarty has officially adopted the ruling of an administrative law judge who rejected a 30.3 percent property insurance rate increase sought by Florida Farm Bureau. “Rulings like this, and the one we received on the Hartford …
Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out — to design coverage targeting a specific …
Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out — to design coverage targeting a specific …
Reflecting the general upward trends in the cost of property and liability insurance claims, State Farm General Insurance Co. has filed a request for an average statewide 6.9 percent rate increase with the California Department of Insurance. The rate filing …
