Insurance Pricing News

Skyrocketing Insurance Rates Part of Gov. Bush’s Legacy

Earlier this year, Ginny Stevans began compiling the “book of tears” – dozens of e-mails from Floridians who are suffering because of skyrocketing property insurance rates. Stevans, president of a Pasco County group formed to speak out against the increases, …

Texas commissioner approves TWIA rate hike

Although not as substantial as those sought by the Texas Windstorm Insurance Associa-tion, Texas Insurance Commis-sioner Mike Geeslin signed an order on Nov. 15 giving TWIA rate hikes of 3.7 percent for commercial property risks and 4.2 percent for residential …

A 268% hike in commercial insurance rates from the

state’s high-risk pool is slowing recovery for small businesses on the Mississippi Gulf Coast.

8 Texas commissioner allows windstorm rate hike

Although welcome, some think it’s not enough 9 Louisiana’s special session Despite protests, governor calls for 10-day session 10 Judge says water may be covered in New Orleans canal case Ambiguities in policies could open the door 10 St. Paul …

Ohio Department Says Malpractice Insurance Rates Decrease for Docs

Four of the state’s five largest medical malpractice insurers have revised their rates to produce an average decrease of almost 2 percent for Ohio doctors this year, following years of increases, the Ohio Department of Insurance said Wednesday. The 1.7 …

Allstate Floridian Reduces Rate Increase Request

Allstate Floridian Insurance, the state’s third largest home insurer, is lowering its proposed rate increase in the face of resistance from state regulators. The company said that it was still seeking a rate increase, but one that would average just …

USAA 40% Rate Hike Denied in Florida

Florida officials say United Services Automobile Association Insurance Co. failed to provide sufficient support for the catastrophe model used in figuring expected hurricane catastrophe losses in justifying denial of the insurer’s proposed 40 percent statewide average rate hike. According to …

New Mexico Workers Compensation Insurance Rates are Cut

Rates are being cut for New Mexico workers’ compensation insurance premiums. The state Insurance Department has approved overall rate reductions of 4.2 percent for the voluntary market and 1.3 percent for the assigned risk pool, state officials said. The new …

California anticipates lowering workers’ compensation insurance rates 6.3 percent

California Insurance Commissioner John Garamendi announced on Sept. 28 that he will likely recommend a further reduction in the state’s workers’ compensation insurance rates of at least an additional 6.3 percent. Based on pre-reform trends, the Workers’ Compensation Insurance Rating …

California anticipates lowering workers’ compensation insurance rates 6.3 percent

California Insurance Commissioner John Garamendi announced on Sept. 28 that he will likely recommend a further reduction in the state’s workers’ compensation insurance rates of at least an additional 6.3 percent. Based on pre-reform trends, the Workers’ Compensation Insurance Rating …