Auto Insurance driving surveillance

[Boxer_Chief]

Originally Posted by ThrobProng

As far as I can tell, they can arbitrarily raise rates whenever they want, for any reason or no reason at all.

Not true, we have to file rates with the state for approval as Actuaries. And they can object. These programs are actually used to collect data for rating all drivers not just those using them.

[ThrobProng]

Originally Posted by Boxer_Chief

Not true, we have to file rates with the state for approval as Actuaries. And they can object. These programs are actually used to collect data for rating all drivers not just those using them.

Sounds similar to utility companies having to "seek approval" to raise their rates. Sure they have to get approval, but doing so is merely a formality since they are rarely if ever denied.