The Oklahoma Insurance Department reported that a requested rate increase for medical professional liability insurance carrier NCMIC Insurance Company has been approved. NCMIC applied for a rate increase in August 2004, seeking to raise its rates by 23.2 percent with …
Nevada Insurance Commissioner Alice Molasky-Arman has denied the request of the Progressive Companies that are marketed through independent agents for a 5.3 percent increase in auto insurance rates. This filing would have reportedly impacted policyholders insured by Progressive Northwestern Insurance …
Results from 2004’s first nine months indicate Missouri should post its lowest rate of premium increases for workers’ compensation insurance since 2000, according to Department of Insurance Director Scott Lakin. With 206 insurers filing rate changes for 2004, overall market …
The Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the FAIR Plan, has filed for rate increases for its multi-peril homeowners risks. The FAIR Plan is seeking a 4.5 percent increase in rates for HO Forms 2, 3 and …
Many people went with the lowest price and cheap homeowners insurance companies back in 1994. Everything was great until the earthquake hit. To this day, many people who thought that they had proper coverage and did not need the help …
North Carolina’s economic woes are reportedly well-known, with textile mills shutting down, a less-than encouraging national financial outlook, and lengthy lines at the unemployment office. The situation may continue to get worse for North Carolina due to yet another factor …
Insurance rates for drivers in South Carolina have been rising faster than the national average, according to a new report. The state’s drivers on average spent $702.44 for auto insurance in 2002, an increase of 10.4 percent from the year …
Workers’ compensation writers in New Hampshire want an average 2.5 percent hike for voluntary market advisory loss costs and a 12.7 percent average increase for residual market premiums, according to the most recent filing from the National Council on Compensation …
Oklahoma Gov. Brad Henry urged state regulators to reject a proposed increase in workers’ compensation insurance rates, citing a new actuarial report that indicates a rate hike is not necessary. Oklahoma Attorney General Drew Edmondson, who represents businesses and consumers …
State Farm will lower auto rates for its California auto insurance customers an average of 7.6 percent effective October 1. The California Department of Insurance-approved rate reduction will save the company’s 3 million policyholders more than $215 million in auto …
