lower rates News

Mass. Division of Insurance Approves 6.8% Reduction in Workers’ Comp Rates

The Massachusetts Division of Insurance has approved a 6.8% reduction in the existing overall average workers’ compensation insurance rates for policies effective on and after July 1, 2020. The rate decrease was the result of a compromise reached by the …

K&K Lowers Rates for Private School Student Accident Coverage

K&K Insurance Group, Inc., a subsidiary of Aon plc, has lowered its rates for student accident coverage designed for private non-boarding K-12 schools. K&K’s private school student accident program provides coverage for all students participating in activities under the supervision …

GEICO Lowers Commercial Auto Rates in Virginia

GEICO is introducing lower rates in Virginia for commercial auto insurance customers, including contractors, retailers, caterers, professional services and other businesses. Small business owners in particular need commercial vehicle insurance packages to cover their cars, trucks and vans used on …

Louisiana Citizens Lowering Commercial Property Rates

The state-run property insurer of last resort in Louisiana plans to lower commercial rates. The Advocate reports the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance Corp. covers in coastal areas. Those policyholders would …