It Figures

September 7, 2009


The overall average rate cut that Florida workers’ compensation insurers are recommending and which state officials said would save employers more than $166 million. If approved, the rate decrease would be the seventh consecutive decline since 2003.


The coastal homeowners insurance rate increase State Farm is looking for in Mississippi, although the state regulator says it isn’t going to happen. The increases would be in the coastal counties of Hancock, Harrison and Jackson. “I am not going to approve the present filing,” Insurance Commissioner Mike Chaney stated flatly, claiming the filing is riddled with “serious issues.”

$48 Million

The total refunds and credits being issued in Florida by Hartford Financial Services Group under the state’s excess profits law. The insurer credited strong loss prevention and safety efforts for “outstanding results in its workers’ compensation business” between 2004 and 2006.


The percent of respondents with auto insurance who are either very satisfied (61 percent) or fairly satisfied (30 percent) with their current auto insurer, according to a poll by the Insurance Research Council. IRC also found that 89 percent of homeowners said that they were either very satisfied (56 percent) or fairly satisfied (33 percent) with their homeowners insurance company.

$2.6 Billion

Amount paid to 19,999 Mississippi policyholders for Hurricane Katrina flood claims through the National Flood Insurance Program.


The number of Mississippians who now have flood insurance. This is about double the policies in effect since just before Hurricane Katrina.


The number of people caught by federal law enforcement operating a home burglary gang for several years in North Carolina and South Carolina. The ring is believed responsible for hundreds of home burglaries and hundreds of thousands of dollars in stolen property.

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From This Issue

Insurance Journal West September 7, 2009
September 7, 2009
Insurance Journal West Magazine

State/Regional E&S Report; Cyberisk/Identity Theft; Top Workers’ Comp Insurers