A proposed steep increase in malpractice insurance rates affecting most Maryland physicians quickly will cause some medical practices to limit their ability to provide care, according to MedChi, The Maryland State Medical Society. Testifying on Wednesday before the Maryland Insurance …
For the next year, average workers’ compensation rates will fall slightly for Missouri employers that buy coverage through the state’s “pool” of last resort, according to Scott Lakin, director of the state’s insurance department. The rate reduction for the pool …
The New York State Insurance Department announced that it has scheduled a public hearing on July 3, to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance increase of 11 percent, to …
Nevada Insurance Commissioner Alice Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total increase of 24.9 percent requested by State Farm …
California Insurance Commissioner John Garamendi issued a decision June 6 on the Workers’ Compensation Insurance Rating Bureau’s (WCIRB) July 1, 2003 pure premium rate filing that was submitted on April 2, 2003. The Insurance Commissioner approved a 7.2 percent increase …
State Insurance Commissioner Alice A. Molasky-Arman has approved State Farm Fire and Casualty Company’s request for an overall statewide average increase of 5.2 percent, or $2.5 million. This is part of a total increase of 24.9 percent requested by State …
Nevada Insurance Commissioner Alice Molasky-Arman has denied the request of Farmers Insurance Company for an average increase of 2.8 percent for private passenger automobile insurance. Molasky-Arman denied the request, because of her concern that the proposed premium modifications differed too …
InsWeb Corp. announced the updated results for its Auto Insurance Index based on fourth quarter 2002 data. The Index is designed to identify and track general pricing trends of personal auto insurance. According to data from InsWeb, the index revealed …
A flex-rating bill introduced in Nevada would foster competition and modernize rate regulation in the state, according to the National Association of Independent Insurers (NAII). Senate Bill 12 would create a flex-rating system, allowing an insurer to make average rate …
Massachusetts Insurance Commissioner Julie Bowler announced a 2.7 percent auto insurance rate increase for 2003 after rejecting an average rate increase request by insurers of 7 percent. The smaller rate increase translates into an annual average premium increase of $25.81 …
