Four years ago, many Florida doctors threatened to quit their practices because their malpractice insurance premiums were spiraling out of control. Some doctors retired early, some moved out of state. A few briefly walked off the job. Others dropped their …
Texas Windstorm Insurance Association policyholders’ rates will go up begining Feb. 1, 2008, as a result of rate increases approved by the Texas Department of Insurance yesterday. Texas Insurance Commissioner Mike Geeslin approved rate increases of 8.2 percent for residential …
Allstate customers in West Virginia will be paying less for homeowners’ insurance. The company announced last week that West Virginia homeowners with Allstate insurance policies will get an average rate cut of 10 percent. Allstate officials also said they have …
California’s Workers’ Compensation Insurance Rating Bureau has recommended that pure premium rates in the state be increased to 5.2 percent, instead of the 4.2 percent recommended earlier in September. In September, WCIRB submitted a pure premium rate filing to the …
Two administrative law judges in Texas on Oct. 5 rejected State Farm’s plan to increase homeowner insurance rates, calling the hike too excessive. State Farm Lloyds Inc. had appealed to the State Office of Administrative Hearings after Insurance Commissioner Mike …
Lawmakers representing urban drivers in Massachusetts are challenging the Patrick administration’s auto insurance plan, saying new regulations leave loopholes for companies to charge higher rates to minorities and the poor. They are filing a bill that would significantly change the …
State Farm Mutual Insurance, the largest writer of automobile coverage in Mississippi, will lower its rate on Nov. 12, while Allstate’s rates will go up. State Farm will drop its rates an average of 3.6 percent. The company insures about …
On Oct. 15, Travis County District Judge Margaret Cooper ruled in favor of Allstate Texas Lloyd’s in the company’s quest to preserve an already-implemented homeowners rate increase. Cooper granted the insurer’s motion for a permanent injunction against a previous order …
Homeowners insurance rates for many in Massachusetts insured through the state’s secondary market insurer, the FAIR Plan, would drop 18 percent if Massachusetts Attorney General Martha Coakley gets her way. Coakley’s office has intervened in the FAIR Plan rate setting …
The Florida Office of Insurance Regulation disapproved a rate increase filing submitted by United Services Automobile Association, USAA Casualty Insurance Co. and USAA General Indemnity Co. As a result of the disapproval, the OIR canceled an Oct. 9 public hearing. …
