insurance premium News

Idaho Gun Show Canceled Due to Insurance Requirements

Members of a southwestern Idaho gun club may have to end a decades-long tradition of gun shows because Ada County raised its insurance requirements after two people were injured in an accidental firearm discharge at the club’s show in April. …

Insurance Executives Say Ongoing Budget Battles Will Harm U.S. Economy

Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have a negative impact on the U.S. economy, according to a survey conducted by the Insurance Information Institute at its 17th annual Property/Casualty Insurance Joint Industry Forum, held …

Rising Premiums Do Not Curtail Insurance Spending: Survey

More than a third of Americans spent more on insurance during the past year, according to a new survey. Some 37 percent of people responding to the survey spent more on insurance over the past year while only 7 percent …

Texas Homeowners Pay Highest US Insurance Premiums

An industry group says Texas homeowners are paying the highest insurance premiums in the country. The report was released Tuesday by the National Association of Insurance Commissioners. The Dallas Morning News reported the study is based on premiums collected in …

Father and Daughter in Central Calif. Workers’ Comp. Fraud Must Repay Over $600K

Jerry Buffington, 69, and Cynthia Russell, 47, have pled guilty in Kern County Superior Court to one count each of workers’ compensation insurance premium fraud and eight counts each of tax evasion and were ordered to pay restitution to California’s …

Higher Insurance Premiums Proposed For N.M. Workers

Gov. Susana Martinez’s administration is proposing a 15 percent increase in premiums for health insurance covering about 73,000 state and local government workers and their dependents. General Services Department spokesman Tim Korte said Tuesday the agency will ask the Legislature …

In Few Years, Social Network Data May Be Used in Underwriting

The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter and LinkedIn. Already, scouring Facebook and other social network pages of the insureds is a common practice on the claims …