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Morrison: Insurance rates leveling off

HELENA - After three years of steep increases, homeowner insurance rates in Montana appear to have leveled off as the economic condition of the industry has improved, state Insurance Commissioner John Morrison said Thursday.

Insurance companies are no longer plagued by the untimely combination of high losses and low investment earnings that prompted the big premium jumps that began in 2001, he said.

The state's largest home insurers - State Farm, Safeco, Farmers and Allstate - have indicated in filings with Morrison's office that they plan no rate increases this year, he said. Those four co...

 

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