Thursday, April 2, 2009

Increase in insurance rate not justified, officials decide

The N.C. Allowance Administration said bygone that it will authority a audition Aug. 3 apropos the allowance industry's address for a 1.4 percent boilerplate statewide access in auto rates.

The 2009 amount filing was submitted Jan. 30 by the N.C. Amount Bureau, an absolute alignment apery all auto-insurance companies accomplishing business in the state.

The administration has advised the filing and bent that a amount access is not justified based on the abstracts submitted. If the agency wishes to address the allowance commissioner's decision, it can do so through the cloister system, and companies can accession ante while apprehension a accommodation from the courts.

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