Florida Insurance Commissioner Kevin McCarty has approved a statewide average homeowners insurance rate increase of 10.3 percent for policies written by the state-backed Citizens Property Insurance Corp. Citizens had filed for a 9.7 average increase but in his official order …
Mississippi Insurance Commissioner Mike Chaney has denied Allstate Property and Casualty Insurance Co.’s requested 44 percent statewide homeowners rate increase. “Based on our internal reviews and that of our actuary, I do not believe a 44 percent increase is justified,” …
At a hearing before the Florida Office of Insurance Regulation, Citizens Property Insurance Corp. officials blamed sinkholes as the major reason the public insurer needs a rate increase. Testifying at the public hearing in Tallahassee, Paul Palumbo, senior vice president …
North Carolina Insurance Commissioner Wayne Goodwin has received the 2010 workers compensation rate filings from the North Carolina Rate Bureau, the organization that represents the state’s workers compensation insurance companies. The filings requested an average increase of 1.2 percent in …
At a hearing yesterday before the Florida Office of Insurance Regulation, Citizens Property Insurance Corp. officials blamed sinkholes as the major reason the public insurer needs a rate increase. Testifying at the public hearing in Tallahassee, Paul Palumbo, a senior …
Sufficient funds are not available to meet the liabilities of Iowa’s Second Injury Fund, so the state is imposing a $4 million assessment on insurers and self-insured employers in Iowa. Notices were mailed from the Iowa Insurance Division Aug. 16. …
As expected, the Workers’ Compensation Insurance Rating Bureau of California has submitted a pure premium rate filing to the California Insurance Commissioner recommending a 29.6 percent increase in pure premium rates or “claims cost benchmark” effective Jan. 1, 2011. Pure …
Sufficient funds are not available to meet the liabilities of Iowa’s Second Injury Fund, so the state is imposing a $4 million assessment on insurers and self-insured employers in Iowa. Notices were mailed from the Iowa Insurance Division on Aug. …
The Texas Windstorm Insurance Association has filed for 5 percent increases in both its residential and commercial rates, effective Jan. 1, 2011. The state’s insurer of last resort provides wind and hail coverage in the 14 coastal counties and parts …
As expected, the Workers’ Compensation Insurance Rating Bureau of California has submitted a pure premium rate filing to the California Insurance Commissioner recommending among other things a 29.6 percent increase in pure premium rates or “claims cost benchmark” effective Jan. …
