Insurance Pricing News

Comp insurers appeal S.C. rate hike rejection

The South Carolina Department of Insurance recently disapproved a request made by the National Council on Compensation Insurance to increase loss costs statewide by 23.7 percent. NCCI State Relations Executive, Amy Quinn, said the South Carolina department released its announcement …

COMP INSURERS APPEAL S.C. RATE HIKE REJECTION

The South Carolina Department of Insurance recently disapproved a request made by the National Council on Compensation Insurance to increase loss costs statewide by 23.7 percent. NCCI State Relations Executive, Amy Quinn, said the South Carolina department released its announcement …

D&O, Business Insurance Prices – Except Property – Continue to Drop

Steady erosion of commercial insurance industry pricing continued during the third quarter of 2007, according to the RIMS Benchmark Survey, a survey of current policy renewal prices as reported by corporate risk managers. As has been the case in recent …

Wash. wants comp rate increase

Washington’s Department of Labor and Industries has proposed raising workers’ compensation rates 3.2 percent in 2008, with the average premium increasing by just more than 2 cents per hour worked. L&I indicated the rate increase would help to keep pace …

Wash. Proposes Workers’ Comp Rate Increase

Washington’s Department of Labor and Industries has proposed raising workers’ compensation rates 3.2 percent in 2008, with the average premium increasing by just more than 2 cents per hour worked. L&I indicated the rate increase would help to keep pace …

Residents in Rural Ark. Community to Enjoy Low Fire-Insurance Rates

The 33 residents of the Holley Mountain Airpark in rural Van Buren County, Ark., enjoy a break on their home-insurance rates that most residents of cities around the state would envy: A Class 1 rating. That rating, the highest possible …

Ala. Coast Condo Industry Pushes for Action on Rising Insurance Rates

As Labor Day tourists take an end-of-summer beach trip, owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums. Insurance legislation aimed at making coverage available and affordable on the coast …

Commissioner Refuses Allstate’s Proposed 5.9% Rate Hike in Texas

Allstate Texas Lloyds on Aug. 20 announced two filings that would raise its homeowners insurance rates in Texas by 5.9 percent and 2.1 percent, but Texas Insurance Commissioner Mike Geeslin immediately moved to block the increases. In two orders issued …

21% Property Rate Hike Approved in La. May Affect 8,500

Louisiana regulators approved a property insurance rate change on Aug. 15, a statewide average rate increase of over 21 percent that will affect roughly 8,500 policyholders. The Louisiana Insurance Rating Commission approved the rate increase request from the Teachers Insurance …

Farmers rethinks homeowners rate hike in Texas

Texas regulators indicated they would turn down a proposal by Farmers Insurance for a 6.6 percent statewide increase in homeowners rates, so in late July 2007, the company said it will revise its plan. Ben Gonzales, a spokesman for the …