Urban and rural drivers in California faced off over a new way to calculate car insurance rates that would be based more on how people drive than where they park their cars. Insurance Commissioner John Garamendi proposed changes he said …
An agreement has been reached between the North Carolina Rate Bureau and the Department of Insurance in which Commissioner Jim Long ordered a 2.5 percent decrease in auto rates. The approved rate level change for each coverage, relative to the …
Property insurance rates increased sharply in the fourth quarter of 2005, according to the RIMS Benchmark Survey by the Risk and Inurance Management Society Inc. Reversing a two-year trend of steadily falling property insurance premiums, some commercial insurance buyers saw …
This year, businesses and consumers will help insurers pay for last year’s estimated $57.6 billion in storm-related losses such as Hurricane Katrina through higher property and casualty insurance policy rates, the Milwaukee Journal Sentinel reported. How will these disasters impact …
Effective Jan. 6, 2006, Electric Insurance will expand its automobile product reach in New Hampshire by introducing additional price points. Using a multivariate pricing model, Electric has developed rate levels that the company says will be at least 7 percent …
California Insurance Commissioner John Garamendi has announced he is introducing new regulations that require insurers to base auto rates primarily on a driver’s record and not on ZIP code. According to the commissioner, he wants to fulfill the intent of …
California Insurance Commissioner John Garamendi has announced he is introducing new regulations that require insurers to base auto rates primarily on a driver’s record and not on ZIP code. According to the commissioner, he wants to fulfill the intent of …
California Insurance Commissioner John Garamendi has announced that he will introduce new regulations next week that require insurers to base auto rates primarily on a driver’s record and not on ZIP code. According to the commissioner, he wants to fulfill …
Thousands of drivers in Mississippi will see their auto insurance rates increase dramatically after Jan. 1, when the minimum required coverage will double, increasing costs, even for those who have less than the minimum coverage. Liability insurance coverage required to …
The Maine Bureau of Insurance has modified the request of the industry’s National Council on Compensation Insurance for an average 1.8 percent increase in workers’ compensation rates for policy year 2006 to 1.2 percent. NCCI is the advisory rating organization …
