An insurance windfall
The study by the Department of Insurance "will translate into at least $120 million in auto insurance premium savings for Pennsylvania consumers over the next few months," Rendell said at a news conference in Harrisburg.This is a bit of a coup for Rendell, who pushed for a review of insurance rates while he was still Philly Mayor. Also, they intend to push it a bit further, especially with regard to the excessive disparity between city and suburban rates.
State regulators said a disproportionate chunk of the savings will go to drivers in Philadelphia, where, according to Deputy City Solicitor Andrew Ross, rates had remained excessive even though insurance payouts had fallen.
In a related development yesterday, Rendell announced that the insurance department had created a Consumer Liaison Office, and introduced Cindy Fillman, 38, as its first head.All sounds good to me!
Fillman said her new role was "to take it up a notch" in fighting for Pennsylvania insurance consumers.
Philadelphia's five-year campaign for lower rates "took too long," she said.
(via staff researcher RSM)