insurance premiums News

North Carolina Commissioner Settles Mobile Home Rate Increase at 11%

North Carolina Insurance Mike Causey said Tuesday that he had negotiated a lower average rate increase for mobile home policies than the North Carolina Rate Bureau had asked for. “I am happy to announce that North Carolina mobile homeowners will …

Georgia Tort Bill Advances After Kemp Makes Concession on Medical Costs

Georgia senators voted 33-21 on Friday to support Gov. Brian Kemp’s top-priority legislation to limit lawsuits, but not before some of Kemp’s fellow Republicans extracted a concession in exchange for the votes necessary to secure a majority. Senate Bill 68 …

Auto Insurance Shopping Elevated As Loss Costs Potentially Moderate

As industrywide auto insurance loss costs appear to be moderating, consumers continue to shop policies at elevated rates, according to the latest quarterly Insurance Personal Lines and Perspectives report from TransUnion. The American consumer credit reporting agency found that the …

Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums

When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget earlier this year, Texas Comptroller …

California Calling for 60-Day Premium Grace Period Amid COVID-19 Outbreak

California Insurance Commissioner Ricardo Lara is asking insurers for a grace period on paying premiums. Lara today issued a notice requesting that all insurance companies provide their policyholders with at least a 60-day grace period to pay insurance premiums to …

Employee Charged with Stealing $900K from New Jersey Insurance Broker

A former accounting specialist in the Ridgefield Park, N.J., office of an insurance broker was arrested and charged with allegedly defrauding her employer of approximately $900,000, Acting U.S. Attorney William E. Fitzpatrick announced. Violeta McGough, 55, of Bergenfield, N.J., has …

$332B in Premiums Makes California World’s 4th Largest Insurance Market

California’s annual insurance premium volume has increased to $332 billion, Insurance Commissioner Dave Jones announced on Thursday. That makes California is the 4th largest insurance market in the world, and the state remains the largest insurance market in the United …

New Flood Maps Coming to Georgia Coast, but Flood Risk Remains

Experts say a new federal flood map of Glynn County along Georgia’s coast may lower insurance premiums next year – but not the risk of flooding. The updated Flood Insurance Rate Map, drawn by the Federal Emergency Management Agency, will …

Judge Approves $1M Loan so Alaska Newspaper Can Pay Workers’ Comp, Employees

A federal bankruptcy judge has approved a $1 million loan for the Alaska Dispatch News to keep it operating as negotiations continue with potential buyers. The newspaper will use the loan from potential buyers approved this week to continue paying …

Driver Fairness Bill Passes Delaware General Assembly

The Delaware State Senate has voted nearly unanimously (24-1) to pass House Substitute 1 for House Bill 80 (HS 1 for HB 80). This measure, a substitute to the Department of Insurance’s original HB 80, targets unfair discriminatory practices used …