Insurance companies must pay the legal costs of consumer challenges to insurance rate increases, even if they withdraw or settle challenges to rate applications before a formal hearing on their application is called, a California Court of Appeal has ruled. …
The Kansas Insurance Department reports that Kansas ranks sixth lowest in the nation for average auto insurance expenditures, according to figures released by the National Association of Insurance Commissioners (NAIC). This is the fifth consecutive year the state has been …
Mississippi Insurance Commissioner Mike Chaney said he was not happy about granting a 19.5 percent homeowners rate increase to State Farm, but he had little choice. “Would you want me to have 26,000 policies canceled on the Gulf Coast with …
Online insurance agency insurance.com said its records show that car insurance rates across the nation declined 3.5 percent in 2009 to $1,803 per year. The company said the decline followed a rate increase of 8 percent in 2008. According to …
Massachusetts will begin public hearings next week on a request by the state’s property insurer of last resort to raise rates from 1.9 percent to 7 percent. The hearings are set to begin Dec. 15 on the request by the …
California’s State Compensation Insurance Fund announced it has filed a 5 percent rate increase in collectible premium. The revised rate will apply to new and renewal workers’ compensation policies effective on or after Jan. 1, 2010. “The principal driver of …
The National Council on Compensation Insurance Inc. (NCCI) has recommended an average decrease of 7.6 percent for Nevada workers’ compensation insurance, due to reduced claims for workers’ compensation, which may be partly attributable to increased workplace safety. The proposed changes …
New Jersey is No. 2 when it comes to the nation’s highest auto insurance rates. Data in the National Association of Association of Insurance Commissioners’ annual report shows the average Garden State resident in 2007 paid just over $1,100, down …
Marsh has forecasted that insurance rates for both UK property and casualty risks could fall by up to 10 percent in 2010. Speaking to a gathering of over 200 clients at the Marsh UK Annual Client Conference, Tim Pritchard, head …
Insurance rates for about 26,000 State Farm homeowners in three Mississippi coastal counties will rise 19.5 percent beginning in February. Mississippi Insurance Commissioner Mike Chaney announced the rate increase, noting that in August he denied a request by the insurer …
