premium increase News

Insurers: Washington’s Proposal for More Premium Increase Explanations May Delay Filings

Insurers say a new regulation proposed by Washington state Insurance Commissioner Mike Kreidler that requires them to explain premium increases to their policyholders in language consumers can understand has the potential to delay rate filings. Kreidler announced the proposed rule …

Small Delaware Town Triples Police Liability Insurance

A small Delaware town has opted to triple its police department’s liability insurance, noting a rise in civil rights lawsuits. The Dewey Beach Town Council voted recently to increase the coverage from $1 million to $3 million, the News Journal …

Homeowners Insurance Increase Denied by Delaware Insurance Commissioner

A request by Windsor-Mount Joy Mutual Insurance Company (WNMJ) to increase insurance rates on more than 2,000 manufactured housing policyholders in Delaware by 20%-30% has been denied by Delaware Insurance Commissioner Trinidad Navarro, according to a press release issued by …