Erie Insurance Takes Its Case Against Maryland Regulator to Appeals Court October 6, 2023 By Andrew G. Simpson Erie Insurance Co. is taking its tiff with the Maryland insurance commissioner over the handling of discriminatory practices findings to...
Connecticut Bans Use of Price Optimization in Insurance Rates December 4, 2015 By Young Ha Connecticut has joined the growing number of states that have banned or restricted the practice of “price optimization” in insurance...
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...
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...
Maryland Insurers Using ‘Price Optimization’ Ordered to File Corrective Action Plan November 3, 2014 The Maryland Insurance Administration (MIA) issued a bulletin alerting insurers that the use of “price optimization” in Maryland is in...