Posts Tagged ‘rate’
MBNA’s Rate for Life Credit Card Empowers Consumers to Consolidate Debts for Less With 5.9% Promotional Rate, Reduced Handling Charge and No Annual Fee
Posted by: incur on: March 6, 2011
Chester, UK, February 24, 2011 (Insurance Headlines) February 25, 2011– Consumers with high interest-bearing debts can find relief by consolidating their balances to MBNA?s exclusive online credit card and enjoy a lower long-term rate. The MBNA Rate for Life credit card offers a promotional rate of 5.9% and a low handling fee of 1.5% on [...]
Citizens Property Insurance grilled about rate hike request
Posted by: incur on: September 19, 2010
Citizens Property Insurance Corp. officials were questioned Tuesday about the insurer’s request for an average 8.4 percent statewide rate hike. That includes an average increase of as much as 11.3 percent in parts of South Florida and a 9.3 percent statewide rate hike for policies that cover homes, condominium units, renters, mobile homes and vacation [...]
Insurers differ from reinsurers on rate reductions
Posted by: incur on: October 28, 2009
There is a ?disconnect? between reinsurers and insurers, with the former exercising more discipline in their underwriting, say many observers. John Daum, New York-based executive director of brokerage Lockton Re, said, ?Reinsurance pricing has still been fairly firm and disciplined, and the underlying insurance carriers haven’t been able to raise the rates? and are continuing [...]
Group Backs Florida Property Insurance Rate Hike
Posted by: incur on: October 22, 2009
TALLAHASSEE, Fla. (AP) — Florida insurance regulators are failing in their duties if they don’t make the state-backed Citizens Property Insurance Corp. raise property insurance rates by 10 percent across the board, a business group lobbyist said Tuesday. Barney Bishop III, president of Associated Industries of Florida, said it’s ”astonishing” that the state-backed insurer would [...]
Car Insurance: Rate Shopping Can Pay Off
Posted by: incur on: October 7, 2009
It seems like everyone on television these days wants you to shop around for auto insurance. Actor Dennis Haysbert says Allstate can save you money. “Flo,” with the red lipstick and the bouffant hairdo, is downright perky about Progressive Group. And a Cockney gecko and a pesky stack of googly-eyed cash want you to give [...]
Property/casualty rate declines slowing
Posted by: incur on: June 22, 2009
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The soft property/casualty market may be approaching its end, according to a survey announced Monday by consultant Towers Perrin. Overall, U.S. commercial property/casualty prices declined less than 1% during the first quarter of 2009, according to Towers Perrin’s Commercial Lines Insurance Pricing Survey. The decrease was the smallest decline in commercial property/casualty insurance prices in [...]
Florida restores surplus lines rate and form exemption
Posted by: incur on: June 17, 2009
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TALLAHASSEE, Fla.—Florida Gov. Charlie Crist on Thursday signed into law a measure restoring the surplus lines industry’s traditional exemption from rate and form regulation in the state.The Florida Supreme Court put the exemption into question last year when it ruled in Essex Insurance Co. vs. Mercedes Zota, et al , that surplus lines was only [...]
State denies auto rate hikes to 7 firms that used credit scores
Posted by: incur on: April 3, 2009
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State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court. State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows [...]
State denies auto rate hikes to 7 firms that used credit scores
Posted by: incur on: April 3, 2009
- In: Uncategorized
- Leave a Comment
State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court. State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows [...]
State denies auto rate hikes to 7 firms that used credit scores
Posted by: incur on: April 3, 2009
- In: Uncategorized
- Leave a Comment
State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court. State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows [...]
