rates News

Pandemic Pushes Insurers to Avoid Already Strained Senior Care Market

The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers said. Residential care communities like nursing homes and …

U.S. Supreme Court Rejects Dispute Over 2007 California Wildfire Payouts

The U.S. Supreme Court on Monday declined to hear a bid by Sempra Energy’s San Diego Gas & Electric Co to recover $379 million from customers related to damages it was forced to pay out in litigation after the deadly …

Miss. Insurance Commissioner Chaney Has 2 Opponents

Louis Fondren, a Democrat from Gautier, and Barbara Dale Washer, the Reform Party candidate from Hattiesburg, seek to dislodge incumbent Mike Chaney as Mississippi insurance commissioner. Chaney, 67, a Republican from Vicksburg, served in the state Legislature before being elected …

Effects of Hurricane Katrina Still Felt in Waveland, Mississippi

Members of the Waveland Police Department survived Hurricane Katrina by grabbing a tree in front of their building and hanging on for their lives when a wall of water washed away most of the town on Aug. 29, 2005. Six …

Oklahoma Schools Insurance Rates Increase After Storms

More than 400 Oklahoma schools have received notices of expected insurance rate increases averaging 19.5 percent. The notice from the Oklahoma Schools Insurance Group, which provides various types of coverage to 440 of Oklahoma’s 526 school districts, comes after schools …

State Farm Again Ordered to Refund Texas Policyholders

A judge in Austin, Texas, has ruled that State Farm Insurance Co. must comply with a state insurance department directive to repay policyholders in a long running dispute between the insurer and Texas insurance regulators over alleged overcharges for homeowners …