The September 17, 2009 Best’s Insurance News reports that three state insurance commissions will provide direct conversations with the insurance industry in return for a $1,000 donation.
Are Commissioners Overcharging the Public?
This investigative report finds that the National Association of Insurance Commissioners (NAIC) may be overcharging insurance companies who pass these costs along to consumers in the form of higher prices. State laws require companies to electronically file financial and rate information with the NAIC, who set filing fees without state approval or review. Effectively, states have given away their […]
