http://www.theamericanconsumer.org/2009/01/24/competition-drives-cost-savings-in-auto-insurance/ Tue, 31 Jan 2012 21:08:39 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.theamericanconsumer.org/2009/01/24/competition-drives-cost-savings-in-auto-insurance/#comment-649 rayna Mon, 23 Feb 2009 06:40:54 +0000 http://www.theamericanconsumer.org/?p=594#comment-649 The state's auto insurance markets do not show characteristics of natural monopoly, unfair competition or other market infirmities traditionally indicative of a need for price regulation. Given the lack of evidence of current market failure, the absence of delay, uncertainty and regulatory arbitrariness for insurers and customers will create value for consumers. All one Georgian needed to do to get a lower rate, as the Atlanta Journal-Constitution's James Salzer reported in a Dec. 7 article, "Rates up for Auto Insurance," was switch insurance providers.That rates were rising even before price regulation ended in October indicates that claim costs, rather than regulatory changes, are driving rate trends. This is reflected in the fact that some rates are going down (notably the largest Georgia provider) while others are going up. Competition is at work, **************************** rayna The state’s auto insurance markets do not show characteristics of natural monopoly, unfair competition or other market infirmities traditionally indicative of a need for price regulation. Given the lack of evidence of current market failure, the absence of delay, uncertainty and regulatory arbitrariness for insurers and customers will create value for consumers. All one Georgian needed to do to get a lower rate, as the Atlanta Journal-Constitution’s James Salzer reported in a Dec. 7 article, “Rates up for Auto Insurance,” was switch insurance providers.That rates were rising even before price regulation ended in October indicates that claim costs, rather than regulatory changes, are driving rate trends. This is reflected in the fact that some rates are going down (notably the largest Georgia provider) while others are going up. Competition is at work,
****************************
rayna

]]> http://www.theamericanconsumer.org/2009/01/24/competition-drives-cost-savings-in-auto-insurance/#comment-648 rayna Mon, 23 Feb 2009 06:40:36 +0000 http://www.theamericanconsumer.org/?p=594#comment-648 The state's auto insurance markets do not show characteristics of natural monopoly, unfair competition or other market infirmities traditionally indicative of a need for price regulation. Given the lack of evidence of current market failure, the absence of delay, uncertainty and regulatory arbitrariness for insurers and customers will create value for consumers. All one Georgian needed to do to get a lower rate, as the Atlanta Journal-Constitution's James Salzer reported in a Dec. 7 article, "Rates up for Auto Insurance," was switch insurance providers.That rates were rising even before price regulation ended in October indicates that claim costs, rather than regulatory changes, are driving rate trends. This is reflected in the fact that some rates are going down (notably the largest Georgia provider) while others are going up. Competition is at work, **************************** rayna The state’s auto insurance markets do not show characteristics of natural monopoly, unfair competition or other market infirmities traditionally indicative of a need for price regulation. Given the lack of evidence of current market failure, the absence of delay, uncertainty and regulatory arbitrariness for insurers and customers will create value for consumers. All one Georgian needed to do to get a lower rate, as the Atlanta Journal-Constitution’s James Salzer reported in a Dec. 7 article, “Rates up for Auto Insurance,” was switch insurance providers.That rates were rising even before price regulation ended in October indicates that claim costs, rather than regulatory changes, are driving rate trends. This is reflected in the fact that some rates are going down (notably the largest Georgia provider) while others are going up. Competition is at work,
****************************
rayna

]]>