The cost of auto insurance is expected to rise by just 1.5 percent in 2005, the smallest increase in five years, reports the Insurance Information Institute. The average cost for auto insurance nationwide for 2005 is estimated at $870–an increase …
New Hampshire drivers are benefiting from increased competition among auto insurers. Seven of the 11 auto insurance companies that have filed rate change requests with the state so far this year have asked for decreases, compared to five of 25 …
Four public hearings have been scheduled March 1 in Florida to discuss Nationwide Insurance’s proposed 28.3 percent statewide average rate increase for homeowner’s insurance policies. Two hearings are scheduled in West Palm Beach on the east coast and two in …
The request by the North Carolina Rate Bureau to increase auto insurance rates in North Carolina is being closely scrutinized by the North Carolina Department of Insurance according to Chrissy Pearson, a DOI spokeswoman. “It’s the normal thing that happens …
Acting New York Superintendent of Insurance Howard Mills announced that most New Yorkers who insure their private passenger automobiles with Amica Mutual Insurance Company will receive on average a 10 percent rate reduction, resulting in a cumulative savings of $12 …
The North Carolina Department of Insurance has expressed doubts about new methodology used by the North Carolina Rate Bureau, which has just requested an 11.5 percent statewide increase in private auto insurance rates. NCRB is an independent organization representing auto …
Maryland Democratic legislative leaders have castigated Insurance Commissioner Alfred Redmer for his blanket approval of a 2 percent increase in HMO premiums, saying he is playing politics with the issue to advance the political agenda of the Ehrlich administration. “He’s …
Floridian homeowners with policies issued by Nationwide Insurance Company of Florida, the state’s fourth-largest insurer has asked the Office of Insurance Regulation to approve a 28.3 percent rate increase. Nationwide submitted a request this week to OIR asking to increase …
Liberty Mutual has asked the Florida Department of Insurance Regulation to approve a 22.3 percent rate increase. If approved, the increase would take effect March 14 for new customers and May 4 for renewals. Liberty Mutual covers 2.4 percent of …
Although information filed by Citizens Property Insurance Corp. with Florida regulators to request rate increases was correct, information provided to the public and media was incorrect, according to Justin Glover, Citizens spokesman. Glover told the Fort Myers News-Press that insurance …
