Insurance Pricing News

Alabama Homeowners Insurance Rates Soar; Coastal Areas Hardest Hit

Homeowners insurance rates in Alabama jumped by 69.1 percent between 2001 and 2005 — the second-largest rise nationally — despite the fact that Alabamians have lower incomes and are typically insuring less expensive homes than in most other states. According …

Hawaii’s Largest Insurer, HMSA, Plans Rate Hike

Haeaii’s biggest health insurer wants to hike health insurance premiums by more than 12 percent next year, the biggest increase in nearly two decades. The proposed rate hikes would affect 144,000 members and businesses with fewer than 200 employees starting …

Alabama Homeowners Insurance Rates Soar

Homeowners insurance rates in Alabama jumped by 69.1 percent between 2001 and 2005 – the second-largest rise nationally – despite the fact that Alabamians have lower incomes and are typically insuring less expensive homes than in most other states. According …

5 Years Later, Ohio Has Falling Insurance Rates; Fewer Obstetricians

When Bobbie Cameron became pregnant with her third child, she reluctantly chose a new doctor to oversee her care. Her longtime physician had dropped out of the birthing business because of soaring malpractice insurance rates. Cameron’s daughter, Avery, was born …

Farmers Files Homeowners Rate Increase in Texas

Stating it’s the first rate change in two years for its “Texas Family Home Policy,” Farmers Insurance Group, through Texas Farmers Insurance Company, filed a rate increase for the policy with the Texas Department of Insurance. The company said the …

Critics Fear Measure Could Spike Georgia Insurance Rates

A Georgia House committee approved a measure Monday that would bar officials from reviewing auto insurance rates before they are applied, spurring a warning from Georgia’s insurance commissioner that it could lead to a price hike. Current Georgia law requires …

N.C. Auto Insurance Companies Ask for 13% Rate Hike

The North Carolina Insurance Commissioner received the annual auto insurance rate filing from the North Carolina Rate Bureau, according to Insurance Commissioner Jim Long. The Bureau, which represents the auto insurance companies writing business in the state, requested an overall …

Fla. Mobile Home Insurance Co. Files 72.9% Rate Increase

Florida-based Foremost Insurance Group of companies filed a 72.9 percent increase on mobile homeowners’ insurance rates, according to the Florida Office of Insurance Regulation. The group’s companies, including American Federation Insurance Co., Foremost Property and Casualty Insurance Co., Foremost Insurance …

Financial Institutions’ Directors and Officers Insurance Rates Jump

Directors’ and officers’ liability insurance costs for financial institutions significantly increased in the fourth quarter of 2007, according to a D&O pricing index released by Aon Corp. Authored by Aon Financial Services Group, the index tracks changes in D&O premium …

Mass. Web Site Helps Consumers Compare Auto Insurance Prices

The Commonwealth of Massachusetts has launched a Web site that allows auto insurance customers to compare sample auto premiums – a move that the state says will help consumer find the best deals as managed competition shifts into high gear. …