After two more days of grueling questions to Florida state regulators and insurance company executives, a special Senate panel wrapped up its business Tuesday as confused as when it began. In fact, the Select Committee on Property Insurance Accountability decided …
The state’s new insurance commissioner says Mississippi Gulf Coast residents can expect an insurance rate increase this year. Commissioner Mike Chaney spoke Monday at the opening of the Insurance Department’s coast office in Gulfport, Miss. Chaney, who took office this …
A proposed 4.6 percent average statewide increase for homeowners insurance by The Travelers Companies Inc., was rejected last week by Florida’s insurance commissioner. Kevin McCarty notified Travelers that its request was denied because the filing was not actuarially justified and …
State Farm Insurance Co., the largest insurer of homes and cars in Texas, said it filed for an average 3.6 percent rate increase for its Texas homeowners’ insurance policies. The filing includes larger multi-line discounts, which would be increased from …
Some coastal residents could see a spike in their insurance rates because of a recent decision by the North Carolina Building Code Council. The council toughened the coastal housing code for wind-borne debris. The code now extends the zone for …
Farmers Insurance has indicated it wants to raise home insurance rates 20 to 30 percent along the Texas coast, while reducing rates in many other areas. The company’s rate filing with the Texas Department of Insurance on Dec. 12 indicated …
The Greenlining Institute, a multi-ethnic advocacy organization, has fiiled a petition with the California Department of Insurance challenging Liberty Mutual Insurance Co.’s insurance rates. According to the advocacy group’s petition, Liberty Mutual is limiting its service to Californians, flouting insurance …
The Hanover Insurance Group, Inc. reported that it is lowering insurance premiums in Massachusetts for new and renewal motorcycle policies by 8.5 percent. The new rates will be effective on April 1, 2008. They are the first to be placed …
A California consumer group is challenging Farmers Insurance Co.’s request for a rate increase of 6.9 percent. The Foundation for Taxpayer and Consumer Rights (FTCR), in a petition filed Monday with the state Department of Insurance, claims that Farmers is …
Texas Windstorm Insurance Association (TWIA) policyholders’ rates will go up beginning Feb. 1, 2008, as a result of rate increases approved by the Texas Department of Insurance in November. TWIA is the insurer of last resort in 14 counties along …
