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 …
The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has submitted a filing with the California Department of Insurance (CDI) proposing changes to the approved pure premium rates that became effective Jan. 1, 2002. WCIRB’s filing recommends that pure premium …
Hawaii Insurance Commissioner Wayne Metcalf announced that the National Council on Compensation Insurance (NCCI) has received approval for a 4.6 percent overall increase in workers’ comp insurance loss costs in Hawaii. The NCCI originally filed for a 9.1 percent increase, …
Commercial building owners in San Diego can expect their insurance policies to double when it comes time to renew, according to TheSanDiegoChannel.com. The insurance industry took a significant financial loss after the Sept. 11 attacks, losing about 20 percent of …
Farmers Insurance Group of Cos. recently applied for a 6.9 percent premium increase for homeowners insurance in the state of California. According to the Los Angeles Times Mary Flynn, a spokesperson for Farmers, the request was due to rising costs …
Allstate received a 30 percent homeowners insurance rate increase in Oklahoma, the largest premium increase in that state since the 1980s. According to BestWire, Allstate lost money in Oklahoma in five of the last six years. When Allstate made its …
The Connecticut Insurance Department has approved an 11.9 percent average overall rate increase for policies in the workers’ compensation assigned risk plan, and a 15 percent “differential charge” which will be applied to all policies in the plan. The decision …
The ongoing battle between New Jersey’s automobile insurers and the State’s politicians and regulators recorded two new developments yesterday with the announcement that Liberty Mutual Fire Co. and its affiliate Liberty Insurance were given permission to raise rates, and A.M. …
Insurance Commissioner Harry W. Low approved an increase of 10.2 percent in California’s advisory pure premium rate for workers’ compensation insurance. The rate increase was recommended by the Workers’ Compensation Insurance Rating Bureau (WCIRB), and a public hearing on the …
At a recent public hearing held by the Texas Department of Insurance (TDI) on windstorm coverage rates, the Texas Windstorm Insurance Association (TWIA) requested a 13.6 percent rate increase for hail/windstorm insurance premiums for commercial buildings. TWIA, the insurer of …
