Transparency shouldn't cost more

Series: Guest Column | Story 30

Insurance Commissioner Mike Kreidler is considering a change to the state’s recently adopted premium change transparency rule. A press release from the Office of the Insurance Commissioner says, “The change would be specific to Phase 2 of the rule — the automatic inclusion of reasons for premium increases in policy renewals — and would move the timing of that action from June 2027 to June 2029.”

Goodish? The rule applies to auto and home insurance policies. (Insurers of health, disability, life and long-term care are exempt from compliance.) It was driven by consumer complaints to the insuranc...

 

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