News
Hochul details plans to crack down on auto insurance fraud
12+ hour, 32+ min ago (569+ words) (The Center Square) "New York Gov. Kathy Hochul is pledging to crack down on auto insurance fraud, including "runaway litigation" and staged accidents, that state officials say drive up rates for drivers. On Thursday, Hochul detailed her plans to beef…...
King says rate filing will reduce State Farm auto rates
2+ mon, 3+ day ago (327+ words) (The Center Square)" Georgia Insurance Commissioner John King said Wednesday he approved a rate filing from State Farm that would decrease the carrier's automobile insurance rates by 3%. The reduction means State Farm customers have seen an average 10% drop in their…...
Giannoulias ramps up campaign for state regulation of auto premiums
2+ mon, 1+ week ago (617+ words) (The Center Square) " Illinois Secretary of State Alexi Giannoulias has expanded his campaign to regulate auto insurance rates. Giannoulias visited Chicago churches Sunday to push his campaign aimed at restricting insurance companies from using certain data to determine premiums. "After…...
Latest State Farm rate cut has reduced Florida premiums by $1B
2+ mon, 2+ week ago (301+ words) (The Center Square) " Another big insurer is lowering rates in Florida as a result of the state's tort reform legislation. State Farm is dropping auto insurance rates by an average of 10%, matching its cut of a year ago. Combined, the…...
Settlement sends $1B from Progressive to Florida drivers
2+ mon, 4+ week ago (358+ words) (The Center Square) " Florida drivers are getting dividends from reduced litigation costs as a result of the state's tort reform efforts, Gov. Ron DeSantis said Wednesday. The state has negotiated with Progressive Insurance Company to issue nearly $1 billion in refunds…...
Farm Bureau to cut auto rates for 80,000
3+ mon, 2+ week ago (382+ words) Louisiana Insurance Commissioner Tim Temple tours homes which secured a fortified roof through the state's Fortify Homes Program. (The Center Square) " Louisiana Insurance Commissioner Tim Temple on Friday announced that Louisiana Farm Bureau Casualty Insurance Company will reduce auto insurance…...
Yaworsky: Legislative changes yielding insurance market competition
5+ mon, 1+ day ago (384+ words) A Florida welcome sign at the welcome center near Pensacola, Fla." (The Center Square) " Florida has landed another homeowner's insurance carrier, which the state's insurance commissioner attributes to changes by the Legislature since 2022. It's the 15th new insurance company to enter…...
Landry, Insurance Department split on why Louisiana rates are dropping
5+ mon, 4+ day ago (486+ words) (The Center Square) " Louisiana drivers are beginning to get lower auto insurance costs in 2025, with Gov. Jeff Landry and Insurance Commissioner Tim Temple offering starkly different explanations for why. The Louisiana Department of Insurance announced this week that more than…...
Report: Colorado is one of the costliest states for car insurance
5+ mon, 1+ week ago (382+ words) (The Center Square)" Colorado has some of the most expensive car insurance in the nation, according to a recent report. The state is the seventh costliest, despite rates remaining steady in the first part of 2025. Costs are expected to rise…...
Michigan drops to sixth most-expensive state for car insurance
5+ mon, 2+ week ago (350+ words) May 5, 2025 car crash with airbag deployment" (The Center Square)" Michigan is no longer the most-expensive state in the nation to buy car insurance in, with a recent report finding it is now the sixth most expensive. This drop came despite…...