Tag: Rate Changes

Florida Homeowners Insurance Rates Decrease: What You Need to Know

Explore the first decrease in Florida homeowners' insurance rates since 2015 and understand the implications for policyholders and insurers.

Louisiana Homeowners Insurance Premiums Adjusted Amid Market and Regulatory Shifts

Louisiana insurance regulators approve mixed homeowners insurance premium changes as reinsurance costs decline and hurricane risk models impact rate adjustments for major insurers.

Louisiana Approves State Farm Auto Rate Cuts Amid Claims Frequency Drop

Louisiana approves a 5.9% State Farm auto insurance rate decrease driven by fewer claims, while homeowners insurance rates rise 9.7%. Industry surveys point to labor rate reductions in collision repairs.

Louisiana Approves 5.9% Rate Decrease for State Farm Auto Insurance

Louisiana Insurance Commissioner approves a 5.9% average rate reduction for State Farm's personal auto insurance policies, affecting over 1 million policyholders.

State Farm Approved for 5.9% Auto Insurance Rate Reduction in Louisiana

State Farm gains approval for a 5.9% average personal auto insurance rate decrease in Louisiana due to lower physical damage claims, impacting over 1 million policyholders.

Florida Citizens Property Insurance Board Approves 2.6% Residential Rate Reduction

Florida Citizens Property Insurance plans a 2.6% average residential rate cut for 2024, driven by 2022 litigation reforms and ongoing depopulation efforts to stabilize the insurance market.