Insurance Pricing News

Ohio auto and homeowners rates decrease in 2006

The Ohio Department of Insurance recently an-nounced 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 …

Ohio Auto and Homeowners’ Rates Decrease in 2006

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. “A competitive …

Mich. Auto Insurance Rates Fall in 2006

Auto insurance rates offered by the state’s top ten insurance companies dropped an average of 2 percent last year, according to the Insurance Institute of Michigan. “Michigan has hundreds of insurance companies writing auto and homeowners insurance,” said Pete Kuhnmuench, …

ProMutual Plans No Rate Increase in 2007 for Mass. Physicians

Medical Professional Mutual Insurance Co. (ProMutual) will not increase its rates for physicians, surgeons, dentists and certified nurse midwives in Massachusetts for 2007. If the proposed rates are approved, the company said that many policyholders will see a decrease in …

Snowbirds flee Florida’s hot insurance rates

Florida’s mild climate and world-class beaches continue to draw Northern retirees seeking temporary refuge from harsh winter weather, but tourism experts say many of these snowbirds are shortening their stays. Rental rates have risen to keep up with spiraling property …

Snowbirds flee Florida’s hot insurance rates

Florida’s mild climate and world-class beaches continue to draw Northern retirees seeking temporary refuge from harsh winter weather, but tourism experts say many of these snowbirds are shortening their stays. Rental rates have risen to keep up with spiraling property …

New Hope Pa. Hopes New Hydrants Lower Insurance Rates

Fifty-five new hydrants will help fight fires faster and may lower insurance rates for New Hope, Pa. residents, officials said. Fifteen of the 55 hydrants are already operating and 40 more are expected to be turned on by the end …

New Year Brings Higher Insurance Rates, Minimums for S.C. Drivers

The new year will force about a third of South Carolina’s drivers to dig deeper into their wallets to pay for auto insurance. A little-debated change in state law requires drivers to buy minimum liability coverage of $25,000 for a …

Fla. Approves 8.2% Rate Hike for Allstate

Two Allstate property insurance companies can raise their rates by 8.2 percent, state regulators ruled this week, a move that will affect roughly 400,000 customers. Allstate Floridian Insurance and Allstate Floridian Indemnity had originally requested average statewide rate increases of …

N.C. Retains Fifth Lowest Auto Insurance Rates

prudential North Carolina continues to stand out as the state with lowest auto insurance rates east of the Mississippi and fifth lowest in the nation. The statistics are gleaned from a report by the National Association of Insurance Commissioners which …