New York motorists' cutback in miles driven as a result of soaring gasoline prices has led one large auto insurer to agree to withdraw a rate hike request for most of its companies, a state official said today.
Insurance Superintendent Eric Dinallo announced that action by GEICO, New York State's largest writer of automobile insurance.
A spokesperson for the department said actual numbers could not be mentioned. "It's confidential until we approve it [a rate request], and since they withdrew it, it's confidential," said Andy Mais.
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