The Massachusetts State Rating Bureau announced it has filed a recommendation for a statewide 2 percent increase for private passenger auto insurance rates in 2003, denying the 7 percent increase requested by auto insurers. According to State Ratings Bureau Director …
American Casualty Company of Reading, Pa. recently filed a request for rate increase in Nevada. The increase, if granted, would be placed in effect on policies in the Certified Registered Nurse Anesthetists Professional Liability program, upon approval. The above proposed …
The Washington Department of Labor and Industries (L&I) has scheduled seven public hearings to take testimony on a proposed 40.5 percent increase in workers’ compensation premiums in 2003. The hearings give farmers, orchardists, employers and workers a convenient way to …
The Louisiana Insurance Rating Commission has deferred action for at least a month on Allstate Insurance Co.’s request for a 19.9 percent rate hike for homeowners and renters insurance, claiming the company had not proven its need. The rating commission …
The Louisiana Insurance Rating Commission has deferred action for at least a month on Allstate Insurance Co.’s request for a 19.9 percent rate hike for homeowners and renters insurance, claiming the company had not proven its need. The rating commission …
The Nevada Department of Insurance announced two State Farm subsidiaries, State Farm Mutual Automobile Insurance Company and State Farm Fire & Casualty Company, recently requested proposed rate hikes of 3.7 percent and 4.1 percent, respectively. Both requests are for private …
A public hearing June 18 at California’s DMV headquarters to discuss proposed Department of Motor Vehicles (DMV) regulations to raise fees to access public drivers license information heard strong opposition from five insurance trade association representatives. The representatives testified that …
California Insurance Commissioner Harry Low recently approved a 10.1 percent average increase in workers’ compensation pure premium rates. The increase, which was proposed by the Workers’ Compensation Insurance Rating Bureau (WCIRB), will go into effect on July 1 for new …
While the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs, according to analysts from Standard & Poor’s. Over the …
Allstate Corp. got the go-ahead from state regulators May 2 to make increases in both auto and homeowner insurance rates, according to the Los Angeles Times. California’s third largest insurer had requested a homeowner increase of 22.3 percent, getting the …
