SeaBright Holdings Inc. announced that its subsidiary, SeaBright Insurance Co., has filed a 15.3 percent rate increase with the California Department of Insurance. The Company plans to apply the increase to California exposures on all SeaBright insurance policies with inception …
Ohio Department of Insurance Director Mary Jo Hudson announced that the average rates for the state’s top 10 private passenger auto insurers increased 2.8 percent in 2009. The average rates for the state’s top 10 homeowners increased by 9.7 percent …
The average medical malpractice insurance rate increase for New York doctors this year will be five percent. The increase, which took effect July 1, follows two years of rates freezes. New York State Insurance Superintendent James J. Wrynn, who approved …
The median six-month auto insurance rate in Michigan has increased approximately 5.4 percent over the last six months to reach $688, according to online insurance provider InsWeb. InsWeb also reported some findings of Michigan median auto insurance rates segmented by …
A fragile global economy, excess capacity in virtually every line of commercial insurance and last year’s below-average catastrophic losses combined to keep commercial insurance prices flat during the first quarter of 2010. This marks the fifth consecutive quarter of little …
In a unanimous decision this week, the Michigan Court of Appeals upheld a 2008 order by Insurance Commissioner Ken Ross that denied the state’s property insurer of last resort an 18.9 percent rate hike. In reversing the lower court, a …
Property owners fearing they may be forced to buy expensive flood insurance under a push to draw up new floodplain maps will catch a break by being offered the coverage at sharply lower rates for two years, according to a …
Property rates will continue to drop 5 percent to 15 percent for most risks, despite record global catastrophic losses seen in early 2010, according to Aon Corp.’s 2010 U.S. Insurance Market Overview. Property capacity levels are very strong for the …
State Farm will file a rate increase with Mississippi Insurance Commissioner Mike Chaney in the next few months. Company spokesman David Majors said that details are still being worked out. Last year, State Farm boosted rates by an average of …
Property owners across the country fearing they may be forced to buy expensive flood insurance under a push to draw up new floodplain maps will catch a break by being offered the coverage at sharply lower rates for two years, …
