With takeouts continuing at a steady pace and more carriers working the Florida property insurance market, state regulators saw fit to more than triple the size of Citizens’ Property Insurance Corp. recent rate decrease request. The Florida Office of Insurance Regulation last week approved an 8.7% average decrease in rates for personal lines across most […]
Florida OIR Triples the Size of Citizens’ Rate Decrease Read More »
More than one million State Fam auto insurance policyholders in Louisiana should see a decrease in premiums in 2026, as Insurance Commissioner Tim Temple approved the carrier’s request for a 5.9% average rate decrease. State Farm is the largest personal auto insurer in Louisiana, covering approximately 30% of the market. The rate decrease, which goes
State Farm Files for Auto Rate Decrease, Homeowners Rate Increase in Louisiana Read More »
Connecticut’s insurance regulator has approved an industry filing that will lower workers’ compensation rates beginning January 1, 2026. The new voluntary market rates will reflect an average 3.8% decrease in loss costs. The rate for assigned risk will fall an average 0.4%. Insurance Commissioner Andrew N. Mais approved the rate filing by the industry’s National
Connecticut Approves Workers’ Compensation Cost Decrease for 2026 Read More »
Starting in January, workers’ compensation insurance rates for Florida businesses could drop by an average of 7%. The National Council on Compensation Insurance last week recommended an average rate decrease of 6.9% for the voluntary market, effective Jan. 1. If approved by Florida’s Office of Insurance Regulation, the decrease would mark the ninth straight year
NCCI Calls for 6.9% Average Decrease in Florida Workers’ Comp Rates Read More »