insurance premiums News

FM Global: 1,900 Clients to Receive ‘Membership Credit’ to Lower Premium

Johnston, R.I.-based FM Global, one of the world’s largest business property insurers, said its policyholders will collectively receive an estimated $435 million in premium reductions when they renew their policies between June 30, 2013 and June 29, 2014. FM Global …

2 Mass. Men Sentenced for Fraudulently Collecting $23K in Insurance Payments

Massachusetts authorities announced this month that two men have pleaded guilty to charges they fraudulently collected an insurance payment of more than $23,000. “These defendants conspired to obtain payment for a closed insurance claim,” Massachusetts Attorney General Martha Coakley said …

Texas Home Insurance Premiums Up Since 2009

A report from the Texas Department of Insurance says that homeowners insurance premiums in Texas have gone up 21 percent since 2009. The report that state Insurance Commissioner Eleanor Kitzman presented to a Senate committee Tuesday showed that the average …

Education Board Stays With Insurance Requirement

The Idaho State Board of Education has decided to keep its requirement that full-time public college and university students have health insurance. The Lewiston Tribune reported that the board on Wednesday decided to reject a request by some schools to …