Auto insurance premiums head skywards due to smartphone use

auto insurance premiums car mobile smartphone

The Washington Insurance Commissioner’s Office has blamed mobile device use for a 5.9 percent rate increase. Consumers wondering why they’re paying higher auto insurance premiums may not have to look any further than their smartphones. The Insurance Commissioner’s Office in Washington State said the top 20 insurance companies hiked rates by 5.9 percent last year. That said, the insurance rate for motorists has been on its way up across the country. Across the country, the average amount drivers are paying in auto insurance premiums reached $926 in 2016. Throughout the…

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State Farm Insurance and other insurers slapped with Washington fines

state farm insurance and insurer fines

The state’s insurance commissioner has issued the penalties to brokers and agents as well. Washington Insurance Commissioner Mike Kreidler has slapped State Farm Insurance, other insurers, agents and brokers with a number of fines throughout January. These fines totaled $15,000 and were issued for having violated the state’s insurance industry regulations. The largest fines the commissioner doled out were to State Farm Fire & Casualty Co. from Bloomington, Indiana. State Farm Insurance saw two thirds of the total fines from the Washington insurance commissioner. They were ordered to pay $10,000…

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Insurance news from Washington state includes Commissioner testifying in support of HB1212

Insurance news Mike Kreidler, Washington Commissioner

Mike Kreidler has announced that he has testified against of the use of credit scores by insurers. The latest insurance news out of Washington is that Mike Kreidler, the state’s commissioner, testified on January 30 as a reflection of his support of a new bill that is a bipartisan initiative to stop insurers from being able to use credit information to calculate homeowners policy premiums. House Bill 1212 separates homeowners coverage from the current Washington law restricting credit history use. The current regulations within the state limit the extent to…

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Report shows that nearly 1 million Washington residents do not have any health insurance

Washington’s Insurance Commissioner, Mike Kreidler, has released a new report showing the large gap between state residents who have health insurance and those that do not. According to the report, the number of people without health insurance will reach 1 million by the end of this year. Between the periods of 2008 and 2010, the number of those without insurance coverage rose by 180,000. Commissioner Kreidler attributes the problem to a stagnating economy and an aging population. The report notes that hospitals and health care professionals throughout the state are…

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Washington launches new website bringing more transparency to the insurance industry

The Washington Department of Insurance has launched a new website that allows consumers to review rate proposals from the state’s insurers. The website is the brainchild of Insurance Commissioner Mike Kreidler, who has been an advocate for transparency in the insurance industry for many years. The Department of Insurance had been awarded with federal grants to build the site a month ago. The site was completed and launched late last week and has already been updated with information on pending proposals. The website was made possible by House Bill 1220,…

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