Many consumers are unhappy that car insurers use their credit histories in setting premium rates. Now an alternative is in sight—and some might like it even less. Insurers would be able to track how, when and where they drive. Since late summer, car insurer Allstate Corp. has been talking to state regulators about helping to… Continue reading Allstate Wants to Utilize Telematics to Determine Auto Insurance Rates, Reduce Use of Credit Scores
Tag: premium rates
Florida Freezes Insurance Rates for 90 Days After Michael
Gov. Rick Scott on Sunday directed the state’s top insurance regulator to freeze any potential property-insurance rate increases for 90 days as homeowners and businesspeople grapple with massive damage from Hurricane Michael. Scott also directed Insurance Commissioner David Altmaier to require rescinding for 90 days all policy non-renewals or cancellations that had been issued in… Continue reading Florida Freezes Insurance Rates for 90 Days After Michael