Insurance Pricing News

Wash. L&I Adopts 9.8 Percent Rate Increase for 2004

The 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 and …

PLICO Gets Med-Mal Rate Increase in Oklahoma

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 …

TDI Denies Rate Increase Request by Med-Mal Provider

Texas Department of Insurance (TDI) Commissioner Jose Montemayor has rejected rate hikes requested by the Texas Medical Liability Insurance Underwriting Association, also known as the Joint Underwriting Association (JUA). According to the Texas Department of Insurance, the JUA had filed …

TDI Denies Rate Increase Request by Med-Mal Provider

Texas Department of Insurance (TDI) Commissioner Jose Montemayor has rejected rate hikes requested by the Texas Medical Liability Insurance Underwriting Association, also known as the Joint Underwriting Association (JUA). According to the Texas Department of Insurance, the JUA had filed …

Nev. Workers’ Compensation Insurance Rates to Decrease

Nevada’s employers should see a drop in their 2004 premiums for workers’ compensation as a result of the filing submitted by the National Council on Compensation Insurance Inc. approved by Nevada Insurance Commissioner Alice A. Molasky-Arman. Voluntary loss costs should …

AMERICAN FAMILY INS. AUTO RATES TO INCREASE IN NEV

Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of American Family Mutual Insurance Company (American Family) for an overall statewide increase of 4.4 percent for private passenger automobile insurance. American Family made adjustments to its auto and home …

Ky. Commissioner Sets WC Rate Increase at 13.1%

Kentucky Insurance Commissioner Janie A. Miller rejected the filing from an advisory organization expected to be used by most carriers to develop rates for workers’ compensation insurance. According to the Kentucky Department of Insurance, the filing by the National Council …

S&P Reports Marine Hull Insurance Rates Set to Peak in 2005

Standard & Poor’s reported that rates across the global marine hull insurance market look set to peak in 2005, a year later than previously expected. It noted, however, that although this promised a “respite to a beleaguered market, it remains …

American Family Ins. Auto Rates to Increase in Nev.

Nevada Insurance Commissioner Alice A. Molasky-Arman has approved the request of American Family Mutual Insurance Company (American Family) for an overall statewide increase of 4.4 percent for private passenger automobile insurance. American Family made adjustments to its auto and home …

Nev. Dental Liability Insurance Rates to Increase

Nevada Insurance Commissioner Alice A. Molasky-Arman has approved revised rates for the National Dental Program insured by Continental Casualty Company. The National Dental Program policies may include professional liability, general liability and property coverages. The company received approval to increase …