rate cut News

State Farm Mutual Automobile Insurance Company will cut its rates in Virginia for the second time in two years. As a result, its overall personal auto rate will drop by 4.9 percent. The total state-wide expected impact for State Farm …

Illinois Gov. Pat Quinn says the state’s workers’ compensation insurance rates will drop 5.5 percent next year. Quinn announced the cut in rates is being recommended by the National Council on Compensation Insurance, which annually reviews payments and fees and …