insurance rates News

Colorado Bill Prohibits Insurer Use of ‘Discriminatory’ Data

DENVER (AP) — Colorado lawmakers are considering a bill that would prohibit insurance companies from using consumer information collected from outside sources such as social media and court and home ownership records, if used in a discriminatory way to determine …

Louisiana Fire Department Works to Maintain Class 1 Fire Rating

The Monroe Fire Department is spending millions to add new fire trucks, better equipment and improve communication in hopes of keeping its Class 1 fire rating when recertification rolls around in 2016. The News-Star reports the department plans to spend …

Improved Fire Rating in Louisiana Parish Means Lower Insurance Rates

Homeowners in the Grand Chenier area will be paying less for fire insurance starting in August because of a higher rating awarded to the local fire district. The American Press reports the rating for Cameron Parish Fire District 9 was …

Insurance Rates May Drop When Kentucky Volunteer Firefighters Return

A volunteer fire department in eastern Kentucky that closed nearly three years ago after a dispute with county officials over funding is reopening. WYMT-TV reports an agreement on funding is close, so new leaders on the Bell County Volunteer Fire …

Louisiana Workers’ Comp Insurance Rates to Decrease

Louisiana Commissioner of Insurance Jim Donelon announced that rates for workers’ compensation insurance will decrease in Louisiana effective May 1, 2014. Commissioner Donelon recently approved a 5.1 percent decrease in workers’ compensation loss costs submitted by the National Council on …

Montana Panel Considers Ending Unisex Rates

Even Shawn McQuillan’s 88-year-old grandfather says his 20-year-old grandson drives too cautiously. The younger McQuillan, who says he has never been in a car accident or received a ticket, testified against a measure Friday that would allow some insurance companies …