rate watch
Ratewatch: State Farm Lloyds Raises Rates in Texas
State Farm Lloyds has announced the submission of a rate filing to the Texas Department of Insurance that will increase homeowners insurance rates in the Lone Star State by up to 20%, though the actual change in premium will vary based on individual customers’ type of home, age of utilities and any optional coverages. The […]
Read moreRateWatch: State Farm Asks for Higher Rates in Florida
State Farm Insurance, the third-largest property insurer in the state of Florida, has asked for an average statewide increase of 14.9% on insured homes there, as part of a plan to maintain a good fiscal status while restructuring the discounts and deductibles it currently offers. According to State Farm’s representatives, the rate request includes average […]
Read moreAllstate Requests Rate Hike on Louisiana Homeowners Policies
Allstate Corp., the second-largest home insurer in Louisiana, has asked for an insurance rate increase for 144,000 homeowners who get their coverage from two of the corporations local subsidiaries. According to the Louisiana state insurance department, Allstate wants an average increase of 5.9 percent for 73,000 homeowners with policies from Allstate Indemnity Co, and an […]
Read moreState Farm Requesting Changes on Texas Homeowners Coverage
Stae Farm Insurance filed a notice requesting a rate hike averaging 10 percent across the state in Texas homeowners insurance rates, but company officials were quick to announce that with new and larger discounts, homeowners are likely to see effective increases of only 1.4 percent. Earlier this week, the Dallas Morning News also reported another […]
Read moreAetna Suspends Rate Hike in California
Following in the footsteps of Anthem Blue Shield and PacifiCare, Aetna Inc. has become the third major health insurance company in California to announce that it was stepping back from its proposed rate increase there. Now, instead of roughly 43,000 Aetna policyholders being handed a rate hike of 17.9%, their insurance will go up only […]
Read moreRatewatch: Allstate to Raise Rates in Mississippi
According to the Mississippi Insurance Commissioner, Mike Chaney, Allstate customers in that state will be seeing a 19.4 percent increase in their homeowners insurance rates. The increase is likely to happen in June, and apply to both renewals and new policies. For nearly two years, Chaney has been in negotiations with Allstate about the size […]
Read moreRate Watch: State Farm Requests 27.7% Rate Hike in Florida
The Florida Office of Insurance Regulation will be holding a public hearing on February 15th. Why? To discuss the latest rate filing from State Farm, which company is requesting an average increase of 27.7 percent statewide in homeowners insurance rates. The reason, they say, is to offset the rising costs of sinkhole claims. The request […]
Read moreCalifornia Insurance Commissioner Asks Blue Shield to Delay Rate Increase
California Insurance Commissioner Dave Jones has asked Blue Shield of California to hold off on its next round of substantial premium increases that would affect tens of thousands of individual health insurance policyholders in the Golden State. Once that rate increase goes through, some of those customers could see health insurance rates increase up as […]
Read moreInsurance Costs Less in Ohio
A bunch of my friends from places like California and Texas have recently relocated to various cities in Ohio. Being someone who has fulfilled her obligations to the winter weather several times over, it’s been difficult for me to comprehend why anyone would want to move there. Apparently, insurance costs a lot less there. Specifically, […]
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