Insurance Pricing News

10 Mass. AG opposes FAIR Plan rate hike

Reilly goes to court to block 12.4% rate hike 10 Carbon neutral agent in Virginia Rutherfoord of Roanoke goes green 10 Command performance in N.Y. Insurance mobile unit named best practice 12 Conn. caught up in coastal shutter controversy Moratorium …

Insurers Lowering Car Insurance Rates in Virginia

Some of the top auto insurers in the nation are reducing rates in Virginia. The reasons range from high gas prices to more sophisticated technology with which companies can calculate the risks of insuring particular drivers. The effect of tougher …

Mass. AG Reilly opposes FAIR Plan rate hike

Massachusetts Attorney General Tom Reilly has decided to appeal Insurance Commissioner Julianne Bowler’s order allowing the state’s insurer of last resort — the FAIR Plan — to raise home insurance premiums an average of 12.4 percent statewide and 25 percent …

Businesses Help Bring Down Hawaii Workers’ Comp Insurance Rates

The Hawaii Department of Commerce and Consumer Affairs’ Insurance Division announced that the National Council on Compensation Insurance (NCCI) has filed a request for a decrease of 12.3 percent in the workers’ compensation loss costs. The filing would affect premiums …

Inductis Notes ‘Emerging Trends in Auto Insurance Pricing’

Inductis, a global management consulting and analytics services firm, has released a white paper on “Emerging Trends in Auto Insurance Pricing.” The paper, written by Mr. Arnab Dey, a Principal, Ritesh Aggarwal, a Lead Project Manager at Inductis, and Frank …

Mass. AG Reilly Opposes FAIR Plan’s 12% Rate Hike

Massachusetts Attorney General Tom Reilly has decided to appeal Insurance Commissioner Julianne Bowler’s order allowing the state’s insurer of last resort — the FAIR Plan — to raise home insurance premiums an average of 12.4 percent statewide — and 25 …

USAA Seeks 40% Homeowners Rate Hike in Fla.

USAA Casualty, which primarily insures military personnel and their families, has asked the state to increase its homeowner and condominium premiums by an average of 40 percent. The company made the request last Friday to the state Office of Insurance …

Texas denies State Farm rate hike

Texas insurance officials on July 21 rejected proposed homeowner rate increases by State Farm, the state’s largest home insurer. State Farm had filed for a pair of statewide rate increases on May 31: a 9.1 percent boost to cover costs …

MISS. APPROVES 90% WIND POOL RATE HIKE

Mississippi Insurance Commissioner George Dale has approved a 90 percent rate increase for homeowner policies provided by the Mississippi Windstorm Underwriting Association. The association, commonly known as the wind pool, had requested a rate increase of almost 400 percent as …

Texas denies State Farm rate hike

Texas insurance officials on July 21 rejected proposed homeowner rate increases by State Farm, the state’s largest home insurer. State Farm had filed for a pair of statewide rate increases on May 31: a 9.1 percent boost to cover costs …