A recommendation from the New York Compensation Insurance Rating Board (CIRB) to increase employers’ average workers’ compensation premiums by 29 percent is “stunning and frightening,” according to Business Council of New York President Daniel B. Walsh. “It’s stunning because New …
State Farm Insurance, New Mexico’s largest auto insurer, is lowering customer rates by an average of 5 percent statewide thanks to fewer claims. Illinois-based State Farm, which handles more than 282,400 insurance policies in New Mexico, announced the reduction Thursday. …
The 9.5 percent increase in workers’ compensation insurance rates imposed April 30 and effective July 1 is only an average. The range of change depends on the danger of the jobs and employers’ safety records: Farm and ranch employers can …
After three years of steep increases, homeowner insurance rates in Montana appear to have leveled off as the economic condition of the industry has improved, state Insurance Commissioner John Morrison said April 15. Insurance companies are no longer plagued by …
Insurance Commissioner Carroll Fisher recently announced that a request for a rate hike by Oklahoma’s third largest writer of medical malpractice insurance has been approved. The Oklahoma Insurance Department reported that following months of study by department officials and an …
A Las Vegas woman has launched an initiative drive to roll back auto, homeowners and medical malpractice insurance rates by 20 percent and to provide an additional 20 percent reduction for good drivers. At the same time April 16, Carmen …
After three years of steep increases, homeowner insurance rates in Montana appear to have leveled off as the economic condition of the industry has improved, state Insurance Commissioner John Morrison said April 15. Insurance companies are no longer plagued by …
A large medical malpractice insurer plans to bypass Texas regulators in order to raise insurance rates for doctors, the Associated Press reported. GE Medical Protective will increase the cost of premiums 10 percent on June 1 by switching from a …
Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of State Farm Fire and Casualty Company for an overall statewide average increase of 28.8 percent for rental condominium unitowners insurance, affecting approximately 2,050 Nevada policyholders. State Farm’s projections indicated …
To counteract the steep rise in medical and prescription drug costs, the North Dakota Workforce Safety and Insurance’s (WSI) board of directors authorized the agency to go forward with a proposal for a slight premium increase for workers’ compensation coverage. …
