homeowners insurance rates News

Ohio Home, Auto Insurance Rates Remain Below National Average, Department Says

Home and auto insurance rates continue to run well below the national average, according to Ohio Department of Insurance Director Jillian Froment. Data from the top 10 insurance groups in the state show that in Ohio the average homeowners insurance …

ISO Grows Fire Hydrant Database by 700K

ISO said it has enhanced its Public Protection Classification (PPC) program with the inclusion of location data for an additional 700,000 U.S. fire hydrants, increasing the number of hydrants in the database to 9 million. Hydrant data is part of …

Home, Auto Insurance Rates Rose Slightly in Ohio in 2016

Ohio Department of Insurance Director Jillian Froment says that the average rates in 2016 for the top 10 homeowners and private passenger auto insurance groups in Ohio increased 1.9 percent and 3.1 percent, respectively. Ohioans pay among the lowest average …

Mississippi Insurance Commissioner Urges Passage of Fire District Bill

A bill making its way through the Mississippi State Legislature that could change the way fire districts in the state are drawn is being praised by Mississippi’s insurance chief. House Bill 469 would amend Section 19-5-167 of the Mississippi Code …

Improved Fire Rating to Cut Home Insurance Costs in Louisiana Town

Homeowners in the Grand Chenier area will be paying less for fire insurance starting in August because of a higher rating awarded to the local fire district. The American Press reported the rating for Cameron Parish Fire District 9 was …

Despite Increases Ohio Auto, Home Insurance Rates Remain Low

Lieutenant Governor and Department of Insurance Director Mary Taylor says Ohio’s average auto and homeowners insurance rates remain among the lowest in the country despite recent increases. In 2013, the average rate for the top 10 private passenger auto and …

Texas No Longer No. 1 in High Home Insurance Rates

An industry group says Texas homeowners no longer are paying the highest insurance rates in the country, a distinction that now goes to Florida residents. The National Association of Insurance Commissioners has released its annual report showing that while premiums …

Aon Benfield: U.S. Homeowners Insurance Offers Growth Opportunities

A new report from Aon Benfield, a reinsurance intermediary and capital advisor of Aon plc, says U.S. homeowners insurance is showing significant growth opportunities. The report, titled “Homeowners ROE Outlook: 2013 Update,” reviews the industry aggregate state level statutory financial …

Mass. FAIR Plan Seeks Rate Hike; Expert Witnesses to Testify on Insurer’s Behalf

The Massachusetts FAIR (Fair Access to Insurance Requirements) Plan, the state’s home insurer of last resort, has proposed this month an average statewide rate hike of 6.8 percent. The FAIR Plan, whose official name is Massachusetts Property Insurance Underwriting Association …

North Carolina Approves 7% Home Insurance Rate Increase

North Carolina’s top state insurance regulator has signed an agreement allowing companies to raise homeowner’s insurance policies by a statewide average of 7 percent a year starting in July. Insurance Commissioner Wayne Goodwin agreed to a rate increase for less …