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Amica Latest to Cut N.Y. Auto Insurance Rates

East News • February 4, 2005
Acting New York Superintendent of Insurance Howard Mills announced that most New Yorkers who insure their private passenger automobiles with Amica Mutual Insurance Company will receive on average ...

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Subject: RE: RE: What about Homeowners rates?

Posted On: February 7, 2005, 5:42 am CST
Posted By: Dave
Comment:
The HomeOwner's line of business in NY is a loser. Rates are 30% too low, the line is heavily driven by the weather, deductibles are too low, and every peril that you can think of is covered. It is a loss leader so carriers can try to offset those losses with better results in other lines.
Also, Homeowners premiums are at least 1/3 those of Personal Auto, so Imans's numbers don't add up.
Subject Posted By Posted On
RE: RE: RE: RE: RE: What about Homeowners rates? IMAN
Feb 22, 2006, 3:17 pm
RE: RE: RE: RE: What about Homeowners rates? Homneowners rate on Cape Cod
Feb 22, 2006, 1:36 pm
RE: RE: RE: What about Homeowners rates? IMAN
Feb 7, 2005, 6:46 am
RE: RE: What about Homeowners rates? Dave
Feb 7, 2005, 5:42 am
RE: What about Homeowners rates? Iman
Feb 5, 2005, 6:11 pm
RE: What about Homeowners rates? Jimmy
Feb 5, 2005, 2:20 pm
What about Homeowners rates? Iman
Feb 4, 2005, 3:26 pm
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