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News
New York says new auto insurance rule could lower costs, but proposal offers no guarantee premiums will fall
2+ day, 1+ hour ago (1175+ words) New York is moving to tighten oversight of automobile insurance rate increases, but the state’s latest affordability initiative stops well short of guaranteeing drivers will actually see lower premiums. Instead, the most immediate change is procedural. Under current rules, insurers…...
New York proposes prior approval for all auto insurance rate increases
4+ day, 8+ hour ago (265+ words) New York insurance regulators have proposed requiring insurers to obtain state approval before raising private passenger auto insurance rates. The Department of Financial Services proposal would implement changes included in the state's fiscal 2027 budget and replace a system that allows…...