A councilman from Louisiana’s Ascension Parish is heading to Washington, D.C., to lobby against an increase of premium rates for National Flood Insurance Program policyholders. The Advocate reports Councilman Randy Clouatre plans to meet with members of the state’s congressional …
The Oklahoma Department of Insurance says flood insurance administered by the National Flood Insurance Program is set to increase rates for new and renewal policies effective Oct. 1. Flood insurance is offered to homeowners, renters and business owners to protect …
For the second consecutive year, the insurance market for architects and engineers professional liability insurance continued its firming trend as a number of leading insurance companies providing this specialized coverage again achieved moderate price increases, according to a new survey …
Louisiana Insurance Commissioner Jim Donelon has declined to approve a recent homeowners rate request filed by State Farm Fire and Casualty Co. (State Farm). State Farm submitted the request for the +16.6 percent rate increase to its homeowners program in …
Workers’ compensation medical fee schedule rates in Illinois will increase 1.69 percent in 2013, according to the Illinois Workers’ Compensation Commission (IWCC). The IWCC said the hike is less than half the rate of medical inflation (CPI-M). The fee schedule …
Iowa’s top insurance regulator has approved a rate filing that increases workers’ compensation premium rates in that state beginning Jan. 1, 2013. Iowa Insurance Commissioner Susan Voss on Nov. 6 issued an order approving an Aug. 9 rate filing submitted …
Louisiana Citizens Property Insurance Corp.’s board is expected to approve increasing its commercial coverage rates by an average of 45.1 percent statewide this week. Almost all of Citizens’ roughly 5,700 commercial property policies are in the New Orleans area and …
The governing board for Florida’s state-backed Citizens Property Insurance Corp. has at least temporarily backed off a proposal to begin charging rates for new business next year at rates higher than allowed by law. Although existing Citizens policyholders are protected …
Even Missouri residents who lived nowhere near last year’s deadly tornadoes are writing bigger checks to insure their homes. The state Department of Insurance reports that premiums increased 5 percent between July 2011 and last month. The figure is based …
Homeowner insurance rate hikes filed in Texas by Allstate Insurance in December 2011 have passed muster with Texas insurance regulators. The company made a rate adjustment of 5.7 percent statewide for Allstate Texas Lloyds (ATL) policyholders effective for renewals processed …
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