People with long term vision will support this bill; those who can’t see past next week will be against it stating that carriers are out to take advantage of the consumer.
The rates need to go to where they belong, then competition will force rates to come down.
Lets see, Most of my carriers have 3 to 5 different tiers (different companies with different filed rates, Then we can apply up to 35% experience credits and if feeling really good today might give me up to 25% IRPM schedule credits.
So my point is, Why not let the carriers charge whatever they want because we are already bastardizing the rating process now.
The real benefit will be to allow a carrier to start writing an additional coverage sooner rather than later to get approval by a state rating bureau that is dead in the water. It take forever from what my carriers have told me.
Given the context, I’m assuming this is a typo:
“Oelrich said that since the market is competitive there is little incentive for companies to treat consumers fairly.”
People with long term vision will support this bill; those who can’t see past next week will be against it stating that carriers are out to take advantage of the consumer.
The rates need to go to where they belong, then competition will force rates to come down.
Lets see, Most of my carriers have 3 to 5 different tiers (different companies with different filed rates, Then we can apply up to 35% experience credits and if feeling really good today might give me up to 25% IRPM schedule credits.
So my point is, Why not let the carriers charge whatever they want because we are already bastardizing the rating process now.
The real benefit will be to allow a carrier to start writing an additional coverage sooner rather than later to get approval by a state rating bureau that is dead in the water. It take forever from what my carriers have told me.