The Massachusetts Property Insurance Underwriting Association (the Fair Plan) has submitted a rate recommendation revised downward slightly from what the state disapproved on June 30. For all homeowners forms, the residual market insurer’s revised filing seeks an average rate increase …
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 …
State Farm, one of Florida’s largest insurers, will raise property insurance rates by an average of 52.7 percent this year under a plan approved Tuesday by state regulators. The Bloomington, Ill.-based company said that the higher premiums will allow it …
Property owners are stunned by insurance rates that have tripled for some properties on the Alabama Gulf Coast after back-to-back years of hurricane damage. Owners of the 35-unit Romar Tower at Orange Beach, Ala. saw their annual premium jump last …
One of Florida’s largest home insurers, State Farm, plans to change an earlier request for a rate increase because of higher costs than its initial calculations showed, raising the possibility of higher premiums than it initially proposed. The company asked …
Almost 10 months after it was filed, Massachusetts Insurance Commissioner Julianne M. Bowler on June 30 disapproved the 12.5 percent average homeowners insurance rate increase submitted by the Massachusetts Property Insurance Underwriting Association (known as the Fair Plan). The filing …
California earthquake insurance policies issued by the California Earthquake Authority will see rate decreases by an average of 22.1 percent. Approximately 85 percent of CEA policyholders will see their rates reduced beginning July 1, 2006, while 15 percent will see …
New York Superintendent of Insurance Howard Mills and Attorney General Eliot Spitzer announced that the insurance department has approved 15 percent rate reductions for title insurance companies that cumulatively have 93 percent of the state’s market share. The new rates …
California Insurance Commissioner John Garamendi has announced he will approve an 18 percent decrease in homeowner and renter premium rates by The Hartford Insurance Co. The Hartford’s filing for a decrease contrasts dramatically with four other major insurers who were …
California earthquake insurance policies issued by the California Earthquake Authority will see rate decreases by an average of 22.1 percent, said Nancy Kinkaid, CEA spokeswoman. Approximately 85 percent of CEA policyholders will see their rates reduced beginning July 1, 2006, …
