Experts say the path of destruction left by Hurricane Katrina likely will lead to higher insurance rates in the metro-east and across the country, although it is unclear how much and how soon rates will rise. Although insurers track claims …
The state’s largest health insurers say most Massachusetts companies and their workers will see increases of 10 percent or more in their health insurance premiums beginning next year. The expected increase would follow five consecutive years in which premiums increased …
An 8.6 percent statewide increase and 37.9 to 39.7 percent increases in the coastal section of Miami-Dade County and inland sections of Broward County, Fla. have been requested by State Farm Insurance. The request cited higher rebuilding costs and higher …
New Hampshire Insurance Co. has asked state insurance regulators for permission to increase rates for its homeowner and condominium policies. Should state regulators give approval, the company’s premiums for single-family homes will rise by a statewide average of 23.3 percent, …
Several major insurers, including State Farm, Allstate and Progressive indicate that due to increasing competition, motor vehicle rates are staying nearly stable or going down in Florida, or even going down slightly. State Farm, the market leader in Florida, in …
A nonprofit company created during Nevada’s medical malpractice crisis in 2002 to provide insurance for doctors will be able to increase its rates by an average of nearly 15 percent. State Insurance Commissioner Alice Molasky-Arman has approved a 14.8 percent …
The Florida Office of Insurance Regulation has denied Cincinnati Insurance Company’s request for a homeowners insurance increase of nearly 40 percent. In a statement issued last Friday, Florida Insurance Commissioner Kevin McCarty said the company failed to justify the increase. …
Florida’s Chief Financial Officer Tom Gallagher has urged Insurance Commissioner Kevin McCarty to reject a 36.7 percent rate increase request by Cincinnati Indemnity Company/Insurance Company. “After directing our Consumer Advocate’s office to review the request for an increase, our team …
An average 3.8 percent increase in rates for private passenger auto policies insured through the Virginia Automobile Insurance Plan is now in effect. The industry had requested an average 5.5 percent rate increase. The Virginia Bureau of Insurance approved the …
The Doctors Company, which provides medical malpractice insurance to Wyoming physicians, has received approval from the state for a 7.3 percent base rate increase for medical malpractice insurance premiums. To be approved, rates cannot be “excessive, inadequate or discriminatory,” according …
