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Two Calif. Insurers File For Rate Reductions

West News • September 15, 2006
Two insurers have filed for rate decreases in California. According to the California Department of Insurance, 21st Century, the state's fifth largest auto insurer, with more than 740,000 policy ...

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Subject: 21ST CENTURY

Posted On: September 16, 2006, 9:28 am CDT
Posted By: Fred DiMeo
Comment:
What the article does not tell you is that the rate change would probably INCREASE rates for 21st Centuries customers in most of state except for LA, SF and other large metro areas. Since zip code weighting is being reduced as a factor for determining rates, we can expect other carriers to follow this "rate neutral" filing. Most of us will be subsidizing the inner city customers. I cant weight for Garabundy to leave the office. If it were up to him, everyone would go to the DOI website to buy insurance and the insurers would all have similar rates and you could not purchase insurance from a broker because they were eliminated by the DOI. Arrgh
Subject Posted By Posted On
21ST CENTURY Fred DiMeo
Sep 16, 2006, 9:28 am
21st Century - You get what you pay for" Burned by 21st Century
Sep 15, 2006, 12:43 pm
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