California Insurance Commissioner Dave Jones called Anthem Blue Cross’ proposed rate hike for some of its small-group members is unreasonable, but the insurer says the increase reflects the rising cost of health care. Jones said that, unlike insurance regulators in …
Significant rate increases for state-sponsored wind and hail property insurance policies that Citizens Property Insurance Corp. approved earlier this year were legal, according to an opinion by the state’s attorney general. Attorney General James “Buddy” Caldwell issued an opinion on …
Allstate Corp. is raising rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. The company announced that about 71,000 homeowners insured by Allstate Insurance Co. will see their rates increase by 11.3 percent, while 73,000 …
State Farm Lloyds says it intends to increase homeowners rates in Texas by an average 20 percent. The company announced it has submitted a rate filing to the Texas Department of Insurance. The actual premium change for any individual customer …
One of Alabama’s largest homeowners’ insurers is raising rates on property insurance by as much as 35 percent per policy while dropping some 2,900 rental properties along the state coastline as part of plan to shore up its financial resources. …
Louisiana has allowed its largest insurer of homes to raise its rates by an average 7.8 percent. State Farm Fire and Casualty Co. spokeswoman Molly Quirk told The Associated Press that the $32.2 million increase goes into effect with new …
Florida regulators held a public hearing last week to consider the First Community Insurance Co.’s request to raise its homeowner rates a statewide average by 23.3 percent. The company said there are two driving forces behind the rate proposal. One …
Louisiana insurance regulators have rejected a rate increase from the state’s largest insurer of homes. State Farm Fire and Casualty Co. wanted an average 14.3 percent rate hike for its 301,000 customers who get homeowners and condominium coverage, as well …
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