rate increase News

Allstate Rate Hikes for Georgia Drivers Move Forward, For Now

Allstate can go ahead raise auto insurance rates for Georgia drivers later this month because a state review of the planned increase won’t be done in time to stop the higher rates from taking effect, state regulators said. State Insurance …

Allstate Responds to Georgia Insurance Department’s Rate Filing Investigation

Allstate Insurance Co. is speaking out about an investigation by the Georgia Department of Insurance into the carrier’s plan to raise auto insurance rates for some in the state by at least 25 percent. In a statement to Insurance Journal, …

Georgia to Investigate Allstate Auto Rate Increase

A Georgia statewide rate increase of 25 percent on Allstate Property & Casualty Insurance Company policyholders has triggered a consumer alert from state Insurance Commissioner Ralph Hudgens. The Georgia Department of Insurance issued a consumer alert April 11 to all …

Washington Labor Department Seeks 2% Workers’ Comp Rate Hike

The Washington State Department of Labor & Industries is proposing an average 2 percent rate workers’ compensation increase for 2016. Each fall L&I sets workers’ comp rates for the following year. L&I looks at expected workers’ comp payouts, the size …

Price Optimization Allegations Challenged, NAIC Investigating Practice

Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the practice. Consumer Federation of America this week …

Louisiana Citizens to File Homeowners Insurance Rate Hike

East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed rate filing. Statewide, Citizens personal lines, …

State Farm Raising Louisiana Homeowner Insurance Rates

State Farm is raising Louisiana homeowner rates an average of 8.7 percent statewide for its nearly 308,000 policyholders. According to State Farm’s filing with the insurance department, the statewide increase will generate $40.1 million. The Advocate reports the higher rates …

2.7 Percent Workers’ Comp Hike Sought For Washington In 2014

The Department of Labor & Industries has proposed an average 2.7 percent rate increase for 2014 workers’ compensation premiums. Over the past two years, workers’ compensation surveys have shown an increase in rates nationally, however this will be L&I’s first …

Texas Windstorm Insurance Rates to Rise Again in January

The board of Texas insurer of last resort for wind and hail along the Texas coast voted at its August meeting to raise premium rates beginning in January 2014. The Texas Windstorm Insurance Association board of directors voted to file …

Judges Reject Challenge to Texas State Farm Rates

Two administrative law judges have rejected a consumer challenge to a recent 20-percent rate hike for Texas homeowners covered by State Farm Lloyd’s. The judges decided on Aug. 19 that the premiums for 1.2 million homeowners are not excessive or …