NAIC now intends to discuss the issue and come up with ways to overcome this discrepancy. The results of an insurance industry study has shown that the gap between the cost of Alaska insurance and the rate at which wages are increasing is widening. As a result of this information, the National Association of Insurance Commissioners (NAIC) vice president, Joe Biden sat down with the association in a meeting that was intended to help to manage and ease this issue of rate reviews for premiums. Commissioners across the country were…
Read MoreAlaska insurance study shows growing gap between wage increases and coverage costs
