3 Carriers Reduce N.Y. Auto Rates
New cuts in New York auto insurance rates by American International Group, Chubb and General Motors Acceptance Corp. will save the state's drivers an estimated $360 million, according to the New York Insurance Department.
N.Y. Superintendent of Insurance Howard Mills made the announcement Sunday. He said that the reductions were a result of efforts to crack down on no-fault auto insurance fraud and streamline the ways claims are processed.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
