property insurance rates FSU report: Citizens insurance should raise rates and reduce coverage - Weblogs.sun-sentinel.com

FSU report: Citizens insurance should raise rates and reduce coverage - Weblogs.sun-sentinel.com

Citizens Property Insurance should raise rates by more than 10 percent allowed under state law and it should reduce coverage, according to a recent report from Florida State University's storm risk management center. The report comes weeks before the state ... link to website

Property rates rising, but not across the board: Marsh - Business Insurance

The Marsh report said that while countries affected by catastrophes have seen significant rate increases, noncatastrophe-exposed buyers saw property insurance rates either decrease or remain stable in most areas of the world. Meanwhile ... link to website

MCT: Insurers' profit margins squeezed by catastrophe losses - Garden City Telegram

(MCT) For several consecutive years, commercial property and casualty insurance rates have seen little to no upward movement. And insurers have been willing to insure or underwrite properties, equipment and businesses that they might ... link to website

Gov. Scott pushing lawmakers on insurance issues - msnbc.com

The Citizens property insurance problem is just as complex. The state-backed insurer is supposed to be getting smaller, but instead has been adding customers at the rate of 30,000 a month. Scott wants Citizens shrunk because of fears the insurer ... link to website

Fortifying homes is best hope to lower premiums - Biloxi Sun Herald

Property-insurance rates appear to have stabilized on the Mississippi Coast, but residents who want lower premiums will have to invest some time and, for dramatic reductions, money. Major insurance carriers such as State Farm and Nationwide are ... link to website

Report: Most property-insurance rates are on the rise - SmartBrief

Designed specifically for property casualty insurers, PCI SmartBrief is a FREE, daily e-mail newsletter. By providing the latest policy and legal news, insurance trends and information, PCI SmartBrief saves you time and keeps you smart. Learn more link to website

Citizens Insurance board approves legislative package - News-Press

Internal changes could reduce Citizens Property Insurance Corp. potential losses by up to $ ... private insurance customers would first pay assessments, raising their rates, and if that weren't enough to cover Citizens' losses or insurance ... link to website

Texas settles bid-rigging case against BNY Mellon for $1.3M - The Business Journal

In 2008, Mellon Financial Markets, now a unit of BNY Mellon, helped Citizens Property Insurance manipulate the interest rate on its own auction rate securities. The lower interest rates on its debt saved Citizens Property Insurance money and ... link to website

Hearing on FAIR Plan rate requests rescheduled - Cape Cod Times

A state hearing on rate filings for property insured through the FAIR Plan has been rescheduled to next month. The hearing, held at the offices of the Massachusetts Division of Insurance in Boston, will be held at 10 am. Jan. 19, according to ... link to website