New York proposes prior approval for all auto insurance rate hikes

New York DFS Suggests Prior Approval for Auto Insurance Rate Increases

The New York Department of Financial Services (DFS) has proposed requiring prior approval for all private passenger auto insurance rate increases. This suggestion is part of a broader set of budget reforms aimed for the year 2027.

Original Source: https://beinsure.com/news/new-york-proposes-prior-approval-for-all-auto-insurance-rate-hikes/