premium News

Nevada’s Captive Domicile Growth Rises by $3.8B in Premium

The captive insurance program in Nevada outperformed growth and speed expectations by approving 26 captives in 2014, which resulted in a captive premium increase of $3.8 billion, Insurance Commissioner Scott J. Kipper announced on Thursday. He said 2014 was once …

California State Fund Files April 1 Rating Plan

California’s State Compensation Insurance Fund has filed for a 9 percent increase in collectible premium that will apply to new and renewal workers’ compensation policies effective on or after April 1. Although the rate plan is designed to generate an …

California Surplus Lines up Considerably in 2014, Report Shows

Premiums for California wholesalers rose considerably in 2014 from a year earlier, showing that segment of the industry outperformed the rest of the state’s economy, according to a report from the Surplus Lines Association of California. For 2014 there was …

Wildfire Spending In Oregon Triggers Lloyd’s Insurance Policy

Oregon’s tough wildfire season has pushed spending to the point the state Department of Forest is tapping its special insurance policy for the second year in a row. The Bulletin reported that state wildfire costs exceeded the $20 million deductible …

Jones: Low Cost Auto Insurance Decrease Up To 9% Across California

California Insurance Commissioner Dave Jones announced that beginning May 15 the cost of an annual premium for the California Low Cost Automobile Insurance Program has decreased up to 9 percent across California’s 58 counties and the income eligibility caps for …

California Workers’ Comp Reform Taking Shape – Again

At a recent joint hearing in Sacramento on workers’ compensation in California with the Assembly and Senate, statistic after statistic flew out of the mouths of speaker after speaker during the nearly four-hour session. It was titled, “Informational Hearing, Injured …

Michigan Catastrophic Injury Premium to Go to $175 Per Car

Michigan drivers will pay $30 more for auto insurance starting July 1 to care for accident victims who have brain damage, paralysis or other catastrophic injuries, raising the annual fee to $175 per vehicle. The Michigan Catastrophic Claims Association announced …

California’s State Fund Declares $50 Million in Dividends for Policyholders

California’s State Compensation Insurance Fund on Friday announced plans to disburse a $50 million dividend to qualifying policyholders in the form of a premium credit amounting to roughly 5.2 percent of estimated annual premium for the 2011 policy year. The …