A request by the Erie Insurance Group for a 3.1 percent decrease in its private passenger automobile insurance rates has been approved by the West Virginia Insurance Commission. The new rates go into effect August 1.
The approval comes after Erie Insurance submitted a rate-filing request last month to Governor Joe Manchin and the West Virginia Insurance Commission. Erie Insurance has a network of more than 7,200 independent agents in 11 states and the District of Columbia.
Erie Insurance is the third company to approach the Insurance Commission with a rate decrease since the recent passage of insurance and civil justice reforms by the West Virginia Legislature. The commission has recently approved similar requests from Westfield Insurance and State Farm Insurance.
Topics Trends Pricing Trends Virginia
Was this article valuable?
Here are more articles you may enjoy.
Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court 
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe 
US House Bill Aims to End Private Flood Insurance Coverage Penalty 
