The Citizens Property Insurance Corp. board of governors has decided to approve higher premium increases that average 45 percent on Florida’s coast and 21 percent inland. The state’s insurer of last resort had already asked for a 17 percent rate …
Thousands of drivers in Mississippi can expect their auto insurance rates to increase dramatically after Jan. 1, when the minimum required coverage in the state will double, increasing costs for even those who have less than the minimum coverage. The …
Connecticut Insurance Commissioner Susan Cogswell will conduct a public hearing on Nov. 29 to reconsider her department’s disapproval of ProSelect’s Medical Malpractice, Physicians and Surgeons Professional Liability base rate filing proposed increase. ProSelect filed for a manual base rate change …
Detroit Mayor Kwame Kilpatrick said he will attack the high cost of auto and homeowner’s insurance in Detroit first by negotiating with the insurance industry. If that doesn’t work, Kilpatrick said, he’ll have the city file a lawsuit against companies …
Automobile ins-urance costs in Arizona are on the rise and remain on the high side nationally. The average rate has gone up 16.6 percent in Arizona in the latest five-year measurement, although the increase is lower than the national average. …
The Maryland Automobile Insurance Fund has prevailed over a challenge to its most recent 52.8 percent rate increase by sedan owners. The Maryland Insurance Administration upheld the increase in an order signed by Acting Commissioner James V. McMahan. The new …
North Carolina Insurance Commis-sioner Jim Long opened hearings in Raleigh, N.C., on a request to raise auto insurance rates by 9.6 percent. The current annual premium for a driver of a 2004 Ford Taurus in Winston-Salem who drives 10 miles …
Insurance Commissioner Jim Long has announced in Raleigh, N.C., that the state now ranks as having the fifth lowest auto insurance rates in the nation, an improvement of three places over last year’s ranking as the eighth lowest. States bordering …
At 4 a.m. every day, Ambar Vera starts her shift pouring coffee at the Starbucks in Chicago’s O’Hare International Airport. After a year and half on the job, Ambar reportedly makes $6.55 an hour, and pays $140 per month for …
As federal, state and local officials grapple with the financial and physical ruin wrought by Hurricane Katrina, momentum is building to make earthquake insurance offered by the semipublic California Earthquake Authority more affordable. Fewer than 15 percent of California homeowners …
