California’s insurance commissioner on Monday pledged to step up efforts to protect the state’s residents from wildfires and address a pullback of private insurers from the state’s riskiest areas. Insurance Commissioner Ricardo Lara convened a “virtual investigatory hearing” on Monday …
Washington Insurance Commissioner Mike Kreidler is calling on the insurance industry to end its use of credit scoring in auto, property, renters and life insurance, citing the economic impact of the COVID-19 pandemic and the calls to end institutional racial …
The Oregon Department of Consumer and Business Services announced an 8.4% average reduction in pure premium rates for employers in 2020. The department each year adopts by rule the workers’ comp premium assessment rate that is paid by all employers …
The Idaho Department of Insurance has approved a proposal for a 6.2 percent overall rate decrease to Idaho workers’ compensation insurance effective Jan. 1, 2020. The proposed rate change was recommended by the National Council on Compensation Insurance. “The decrease …
The price of workers’ compensation insurance in Washington would drop for the third year in a row under a proposal by the Washington Department of Labor & Industries. The L&I on Wednesday proposed a 0.8% decrease in the average premium …
The Workers’ Compensation Insurance Rating Bureau of California on Tuesday submitted its Jan. 1, 2020, pure premium rate filing to the California Department of Insurance, proposing advisory pure premium rates that are an average of 5.4% less than the current …
Expect workers’ compensation insurance rates in California to continue to fall, with total written premium expected to drop by $1 billion or more for 2019 despite the positive impacts of continued economic growth, a new report shows. “We’re experiencing more …
California written premium for 2018 was 4 percent below 2017 and 6 percent below 2016 as recent declining premium rates have more than offset payroll growth, according to a report from the Workers’ Compensation Insurance Rating Bureau of California. The …
A new report shows the average return on net worth for California workers ‘ compensation insurers rose to 9.9 percent in 2017, the fourth consecutive increase. The report comes from the National Association of Commissioners and was summarized in an …
California Insurance Commissioner Dave Jones has approved a rate reduction for California Earthquake Authority residential earthquake policyholders that he says will bring millions of dollars in premium savings for 10s of thousands of homeowners and renters in the state. Jones …
