Tennessee Insurance Commissioner Paula Flowers has issued a new bulletin cautioning that Tennessee insurers must notify their policyholders about rate or rate factor increases on Commercial Risk policies. The Department of Commerce and Insurance has become aware that some companies …
Medical Protective Co., which provides malpractice insurance for 200 doctors located mainly in southern Nevada, has filed for a 24 percent rate increase. The state Insurance Division says MedPro wants the increase to take effect July 1. It would be …
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. …
Californians paid more for health insurance from their employers in 2003 than workers in any other state, according to a study released March 16. Insurance premiums rose 15.8 percent last year, the biggest increase in four years, a joint study …
Nevada Insurance Commissioner Alice Molasky-Arman has approved the request of Physicians Insurance Company of Wisconsin Inc. (PIC) for a 15 percent increase for medical malpractice insurance. In addition to the 15 percent base rate increase for all classifications in all …
The Texas Fair Access to Insurance Requirements (FAIR) Plan Association requested that the Texas Department of Insurance allow the Plan to increase homeowners insurance rates by an average of 12 percent statewide in order to cover future losses. The association …
Michigan Office of Financial and Insurance Services (OFIS) Commissioner Linda Watters has launched the first phase of her investigation into rising home and auto rates in Michigan. Watters issued a letter of inquiry to insurance companies writing home insurance policies …
The Washington Department of Labor and Industries announced a 9.8 percent general rate increase in workers’ compensation premiums, effective Jan. 1, 2004. Even with this rate increase, next year’s average rates will be nearly identical to the rates in Oregon …
Massachusetts’ Attorney General Tom Reilly is appealing the Division of Insurance’s December 15 ruling, arguing that a 2.5 percent increase in the cost of auto insurance is unwarranted and will result in close to $100 million in additional costs for …
Oklahoma Insurance Commissioner Carroll Fisher cut the rate increase requested by Physicians Liability Insurance Co. (PLICO) for its medical malpractice policies, but the company still received the okay to potentially raise its rates by 68.5 percent over a span of …
