12 Michigan Auto Insurers Pledge Rate Freeze March 4, 2009 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article Article 2 Comments March 6, 2009 at 1:02 am AZ Ins Man says: Like or Dislike: 0 0Unless the named companies’ rates were priced higher than actuarily justified, this makes NO sense to shareholders and/or insureds. The financial stability of the carrier could be affected by such ridiculous agreements. Reply March 9, 2009 at 8:09 am Ratemaker says: Like or Dislike: 0 0You’re right, especially here in the bottom of the soft market. However, the Michigan OFIR is inventing reasons to deny rate increases for companies that didn’t agree to the rate freeze. Reply Add a Comment Cancel reply Your email address will not be published. Required fields are marked * Name * Email * Comment ΔNotify me of comments via e-mail
Unless the named companies’ rates were priced higher than actuarily justified, this makes NO sense to shareholders and/or insureds.
The financial stability of the carrier could be affected by such ridiculous agreements.
You’re right, especially here in the bottom of the soft market.
However, the Michigan OFIR is inventing reasons to deny rate increases for companies that didn’t agree to the rate freeze.