June 9, 2010

Three of Alabama's four largest home insurers are raising rates,
although State Farm Fire & Casualty Co., the state's largest, is
giving coastal residents something of a break.

No. 1 State Farm, No. 2 Alfa Mutual group and No. 4 Farmers Insurance
Group — the firms that have won state approval for increases — together
control 57 percent of the state's...

June 9, 2010

California’s burning, again; the flames north of Los Angeles, also known
as the Station Fire, have already killed two people, and are
threatening tens of thousands of homes, causing the governor to declare a
state of emergency in Los Angeles and Monterey counties.

So of course it’s time for a little primer on fire insurance. I know,
you may think you understand...

June 9, 2010

In a state parched by a three-year drought, wildfires are at least
partly to blame for the price increases, industry officials and even
some consumer advocates agree.

Reporting from Sacramento - As California heads into another
season of wildfires that have been growing more frequent and more
ferocious, homeowners are facing higher prices to insure...

June 9, 2010

OCEAN SPRINGS — It was just another in the rush of federal suits against
Mississippi insurers last August, just before the three-year statute of
limitations after Hurricane Katrina expired.

Except it wasn't. Without a lawyer, then-77-year-old Maralou Richards of
Ocean Springs filed a handwritten complaint against a unit of AIG, at
the time the world's largest...

June 9, 2010

My View

In the strongest possible terms, we urge Gov. Charlie Crist to veto the home insurance deregulation bill, SB2036/HB1171.

This bill is an invitation for insurers to game the Florida regulatory system and abuse consumers. No price can be too high, no discrimination can be found

unfair if a policy is issued under these terms. The regulator can only come in and raise...

June 9, 2010

TALLAHASSEE — Both supporters and opponents of a bill that would
partially deregulate Florida’s property insurance market are fiercely
lobbying Gov. Charlie Crist as he nears a decision about whether to sign
the bill or follow his apparent instinct to veto it.

Crist formally received the bill late last week and has until June 27 to
decide. But he has for weeks...

June 9, 2010

Not one Floridian has been spared from the challenges of these tough
economic times. Yet a bill that would allow a select few, big property
insurance companies to sneak unrestrained, unregulated and unrelenting
rate hikes on unsuspecting consumers will arrive at Governor Crist’s
desk over the coming days.

June 9, 2010

The fight is heating up against legislation that would allow large
property insurers to raise rates without state approval.

Eight consumer groups including the Consumer Federation of the
Southeast and the Florida Public Interest Research Group have implored
Gov. Charlie Crist to veto the bill passed by the Legislature earlier
this month.

As posted at:
June 9, 2010

NU Online News Service, May 26, 3:38 p.m. EDT

A Florida bill that would allow some insurers to charge rates above
those approved by the Office of Insurance Regulation provided they meet
certain capital requirements has drawn the ire of consumer groups.

In order to charge rates above those approved under H. B. 1171—also
called the “consumer choice” bill—a carrier...