The Price of Price Optimization October 19, 2015 By Andrea Wells The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle....
Delaware Bans Use of Price Optimization in Insurance Pricing October 6, 2015 Delaware has issued a bulletin prohibiting the use of price optimization in insurance pricing. The Delaware Department of Insurance said...
Rhode Island Directs Insurers Using Price Optimization to Submit Revised Filings September 23, 2015 Rhode Island’s Insurance Division issued a bulletin on Sept. 18 advising that any personal lines property/casualty insurer that uses price...
District of Columbia Issues Price Optimization Ban Bulletin August 28, 2015 The District of Columbia’s Department of Insurance, Securities and Banking (DISB) this week issued a bulletin notifying property/casualty insurers doing...
Maine Issues Bulletin Prohibiting Use of Price Optimization August 26, 2015 Maine Insurance Superintendent Eric A. Cioppa stated in a bulletin published Monday that in Maine, personal lines property/casualty insurers that...
Pennsylvania Says Insurers Are Prohibited From Using Price Optimization August 24, 2015 Pennsylvania Insurance Commissioner Teresa Miller has issued an official notice warning the state’s insurers that they are prohibited from using...
Vermont Issues Bulletin on Price Optimization in Personal Lines Ratemaking July 2, 2015 Vermont regulators issued a bulletin last week addressing the issue of “price optimization” in personal lines ratemaking. The Vermont Department...
Loyalty to Insurer Doesn’t Always Pay Off for Drivers June 30, 2015 By Mitch Lipka When Jonathan G. Stein became unhappy with his long-time car insurance carrier earlier this year, the 41-year-old lawyer from Elk...
Florida Bans Price Optimization; Insurers Question Definition May 19, 2015 By Amy O'Connor A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning insurers in the state not to use price...
New York DFS Opens Inquiry Into Price Optimization March 20, 2015 The New York Department of Financial Services (DFS) on March 18 sent out letters to hundreds of property/casualty insurers operating...