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According to the Insurance Information Institute (III), between 2010-2015, annually only 6% of insured homes filed claims. This number is similar for auto insurance. On the other hand, more than.
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The company filed for this year’s rate cut in June. New Mexico is a “file-and-use” state, meaning the state Office of the Superintendent of Insurance does not review an auto insurance filing the way i.
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Adding to that, you also have more cars per family unit to insure.” Plymell, the state insurance division spokesman, also bla.
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When combined with the costs of running its auto insurance business, State Farm lost $7 billion for the year in that segment. That was 63 percent higher than its $4.4 billion auto underwriting loss in.
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