Missouri officials ban insurance industry from using price optimization

Missouri insurance industry

Department of Insurance bans the use of controversial price optimization practice The Missouri Department of Insurance has officially banned the use of price optimization among insurance providers. Insurance Commissioner John Huff has issued a warning to insurers using this pricing method that they will be faced with severe penalties if they continue to do so. This decision affects the insurance industry in the state, applying to a variety of companies, especially property and casualty insurance companies. Price optimization continues to cause problems for the insurance industry Price optimization has become…

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