According to the Los Angeles Times, Mercury General Corporation has made filings with the California Department of Insurance requesting an additional 4.9 percent to 6.9 percent increase in auto rates, depending on the type of coverage. The request, which was …
An administrative law judge found in favor of American International Group, Inc. (AIG) subsidiary American International Insurance Company of New Jersey (AIIC), on eight of ten issues in a dispute with the New Jersey Department of Banking and Insurance. AIIC …
A recent report from the National Association of Insurance Commissioners (NAIC) notes that Kansas residents paid an average of $542.01 for auto coverage in 1999, the seventh lowest rate in the nation. The Kansas rate ranks less than half of …
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 …
Beginning July 1 of this year, ProMutual, Massachusetts’ largest provider of malpractice insurance for physicians, will raise its rates for malpractice insurance an average of 14 percent across specialties. According to the Boston Globe, doctors who diagnose disease, such as …
Hurricane forecaster William Gray predicted Wednesday during the Windstorm Insurance Conference in Orlando, that the nation’s East Coast, particularly Florida, was at the beginning of a period of more frequent hurricane strikes. Gray, a professor of atmospheric science at Colorado …
Automobile insurance rates are expected to rise by 1.5 percent this year, the first increase in three years. Additional increases of 2 percent to 4 percent are likely in 2001. Among the factors driving rates upward are higher costs to …
On Oct. 20, Insurance Commissioner Harry Low took a much-needed first step to improve the dire state of California’s workers’ comp market. Low approved the Workers’ Compensation Insurance Rating Bureau of California’s (WCIRB) proposed 10.1 percent average increase in pure …
On Oct. 20, Insurance Commissioner Harry Low took his first step to improve the dire state of California’s workers’ comp market. Low approved the Workers’ Compensation Insurance Rating Bureau of California’s (WCIRB) proposed 10.1 percent average increase in pure premium …
After completing its analysis of accident year experience valued as of June 30, 2000, the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) announced it will amend its pure premium rate filing. The new proposal is for a 10.1 percent …
