insurance premiums News

Mississippi City to Pay More for Liability Insurance

What the Mississippi city of Columbus pays for liability insurance will increase 15 percent in 2014. WCBI-TV in Columbus reports that insurance consultant Eddie Mauck told officials this week that three or four major police claims combined with some others …

Illinois Workers’ Comp Insurance Rate Down 4.5%

The rate used to calculate workers’ compensation insurance premiums in Illinois has dropped again, a direct result of reforms Gov. Pat Quinn signed into law in 2011, his aides said Monday. The National Council on Compensation Insurance, a rating agency, …

Five Percent of Consumers Had Credit Report Errors: FTC

One in twenty American consumers had mistakes on their credit reports that would have increased their interest rates on loans or caused them to pay more for insurance, the Federal Trade Commission said in a report released on Monday. Experian, …

Understanding Experience Modifiers: Can Subrogation Really Affect Premiums?

For many corporate personnel, the concepts of underwriting and experience ratings remain a clouded mystery, yet they directly affect the amount of insurance premiums a company will pay. Even more mysterious though is what effect, if any, subrogation efforts have …

Report: Downward Trend in UK Large Motor Claims Continues

UK motor insurance premiums have continued to rise in 2011, with some drivers facing price increases of up to 50 percent. At the same time, the fall in the number of deaths and serious injuries on British roads has resulted …

Penn. Municipal Pension Funds Get One-Time Windfall

Pennsylvania’s municipal pension funds are in line for a one-time windfall thanks to a change in how out-of-state insurers submit taxes on their casualty and fire insurance premiums. The Pittsburgh Post-Gazette reported Friday that the money comes from changing the …

Louisiana Agent Arrested for Misappropriation of Insurance Premiums

Deborah Elaine Thomas, of Opelousas, was arrested by the Louisiana State Police Insurance Fraud/Auto Theft Unit on April 21, 2011 on two counts of Unfair Trade Practices, according to authorities. Thomas and her agency, Thomas & Thomas Insurance Agency LLC, …