East News
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N.Y. Central Mutual Drops Auto Rates 5%
East News • April 21, 2005
Acting Superintendent of Insurance Howard Mills announced that the New York State Insurance Department has approved a New York Central Mutual rate filing that will reduce the auto premiums paid by ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Dear Glen | anna | Jan 23, 2006, 10:03 am |
| old | lady | Nov 23, 2005, 6:19 pm |
| Rate Reductions | Comment To Glen | Apr 29, 2005, 6:47 am |
| alert New York Central Agent | NYCM | Apr 28, 2005, 2:32 pm |
| RE: Glen | Karen | Apr 26, 2005, 9:00 am |
| Press = Propaganda = Puppet | Winston | Apr 22, 2005, 6:28 pm |
| RE: Dear Glen | Glen | Apr 22, 2005, 4:22 pm |
| press once again misleading | alert NYCM agent | Apr 22, 2005, 4:10 pm |
| Dear Glen | Winston | Apr 22, 2005, 2:44 pm |
| Answers for Winston | Glen | Apr 22, 2005, 12:33 pm |
| RE: Here we go again! | Not Winston | Apr 22, 2005, 12:29 pm |
| Here we go again! | Winston | Apr 22, 2005, 10:45 am |
| RE: Rate Reductions | Mark | Apr 22, 2005, 10:03 am |
| Rate Reductions | Brian O'Neill | Apr 22, 2005, 7:47 am |
| Back to article | ||
Subject: Here we go again!
Please do be fooled by Mr. Mill's comment regarding combating auto fraud. Auto fraud and tort litigation is not what is padding New Yorkers premiums. What is in fact padding NY premiums is the system of greed and deceit.
The numbers are clear..premiums have shot through the roof and NY carriers are making a killing! I am not lame, fraud is a problem in NY but so is it in numerous other states across the country. The difference is that the regulation are much stricter and carrier are not given a free pass to abuse the market.
5% is a drop in the bucket. This is an insult to any logical person. NY rates are out of control. Fraud is DOWN. Fire and theft, DOWN. Claims payout,DOWN.
PREMIUMS way UP!
I am well aware we live in democratic and capitalistic society. I am well are that stock carriers and other carrier are in the business to make a buck. I just don't appreciate the propaganda that is constantly being used to justify price increases. Don't blame the trial lawyer, fraud ring, or the medical provider for your rates.
Please wake me up when they announce a 30-50% rate reduction--which will never happen of course.