Washington Commissioner wants auto claims and insurer remission data
Washington Insurance Commissioner Mike Kreidler has made a data appeal to 124 auto insurance companies for recent discounts given to policyholders during the COVID-19 pandemic.
Kreidler is asking for claims data for passenger car claims from 2016 to 2020 and how insurers applied COVID-19-related reimbursements in 2020. Responses are expected on July 30.
“I want to see what premiums consumers have paid during the pandemic and the costs of business claims,” Kreidler said in a statement. “We know people drove less and had fewer accidents. If this resulted in fewer claims, then insurers should look at the rates they charged. If they are excessive, they should be redeemed from their policyholders.
He urged insurers to issue rebates in April 2020 due to the decrease in driving during the pandemic.
Insurers responded to a similar data call in California earlier this year, resulting in a report from the California Department of Insurance showing that insurers were overcharging drivers despite fewer accidents and claims during the pandemic. In response, California Insurance Commissioner Ricardo Lara ordered additional premium discounts for policyholders.
Carriers claim Auto Washington Data Driven
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