INSURASALES

Tag: rate setting

Illinois Bill 2691 Proposes Study on Nondriving Factors in Insurance Pricing

Illinois Senate Bill 2691 mandates a study by the Department of Insurance on the impact of nondriving factors like credit scores and occupations on insurance premiums, aiming to enhance transparency and fairness in rate setting by 2027.

Louisiana Prohibits Auto Rate Increases Solely Based on Age 65 and Older

Louisiana's new law bans auto insurers from raising rates solely because drivers turn 65, impacting premium pricing and regulatory compliance.