Mississippi insurance regulators have approved a statewide rate increase of 29 percent for Allstate homeowner policyholders, the Northbrook, Ill.-based insurer reported. The company, in a written statement, attributed the hike to the “increased costs of doing business in Mississippi due …
Hawaii lawmakers are prepared to approve a bill Tuesday that brings back government oversight of health insurance rates a year after they deregulated them. Members of both houses of the Legislature have agreed on a final bill, and Gov. Linda …
Massachusetts Insurance Commissioner Nonnie Burnes has scheduled a public hearing for April 27, to consider a rate increase for the Massachusetts Property Insurance Underwriting Association, also known as the FAIR Plan. The FAIR Plan, which writes property insurance for those …
The U.S. population residing in hurricane-prone states continues to rise, a trend which is likely to impact adversely the nation’s coastal property insurance market for years to come, according to testimony by Dr. Robert Hartwig, president and chief economist for …
The U.S. population residing in hurricane-prone states continues to rise, a trend which is likely to impact adversely the nation’s coastal property insurance market for years to come, according to testimony by Dr. Robert Hartwig, president and chief economist for …
Homeowners on Mississippi’s Gulf Coast face another insurance rate hike in Hurricane Katrina’s aftermath. Mississippi insurance regulators this week approved a statewide rate increase of 29 percent for Allstate homeowner policyholders, the Northbrook, Ill.-based insurer announced Wednesday. The company, in …
A new Mississippi insurance wind pool board on Tuesday approved a 142 percent increase for commercial premiums, a rate that’s significantly lower than it could have been because of $30 million from the federal government. Beginning April 15, new premiums …
The Colorado Senate Appropriations Committee is scheduled to vote on Friday on a bill that insurance associations say would force drivers to pay for mandated coverage that most consumers now choose to reject. Senate Bill 193 would require an auto …
The Illinois Division of Insurance has granted the Illinois FAIR Plan a rate change for Dwelling Property policies. The overall increase is 7.7 percent, effective March 1, 2007. The last increase in the FAIR Plan rate was approved in 2004 …
The Ohio Department of Insurance recently announced that the average rates for the state’s top 10 auto and homeowners insurers — which represent 72 percent of both markets — decreased 1.2 percent and 0.8 percent, respectively, in 2006. Ohio has …
