PPT-Rating Variables in Maryland Auto Insurance

Testimony Before Maryland House of Delegates Economic Matters Committee February 8 2018 James Lynch FCAS MAAA Chief Actuary Insurance Information Institute 110 William Street New York NY 10038 . State Farm Insurance® began selling life insurance more than 75 years ago in April 1929. Today, State Farm® has over 7 million life insurance and annuity policies in force. State Farm Bank®, Bloomington, Illinois, Member FDIC and Equal Housing Lender. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and subject to investment risk, including possible loss of principal invested. Contact State Farm Bank toll-free at 1-877-SF4-BANK (1-877-734-2265). State Farm Insurance® began selling life insurance more than 75 years ago in April 1929. Today, State Farm® has over 7 million life insurance and annuity policies in force. State Farm Bank®, Bloomington, Illinois, Member FDIC and Equal Housing Lender. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and subject to investment risk, including possible loss of principal invested. Contact State Farm Bank toll-free at 1-877-SF4-BANK (1-877-734-2265). The simple fact is auto insurance eats up a significant part of the average American budget According to InsWebs Auto Insurance Rate Trend Tool American families pay a median auto insurance rate of about 1400 a year to insure all their vehicles and Whats going on Beginning April 1 2008 car insurance companies will begin setting their own rates This means that if you request quotes for the same covera ge from several different companies you will receive different premium quotes from each of the Lines Ratemaking. Rich Yocius. VP Actuarial Services & Chief Actuary, AAIS. Midwestern Actuarial Forum. September 26, 2014. A story…. Discussion Outline. Historical perspective on rating plan innovation. AUTO INSURANCE NEW JERSEY Chris Christie Governor Richard J. Badolato Acting Commissioner Kim Guadagno Lt. Governor WHAT'S INSIDEWHERE DO I START?.....................................1UNDERSTAN Don’t Drive without Insurance!. Driving without insurance is a risky proposition. Although it might save you money in the short run, the potential long-term consequences make these savings not worth the risk. For one, you could face serious legal repercussions for driving without insurance. But legal woes are probably the least of your worries. If you are uninsured and are in an accident that is your fault, you will be financially responsible for paying for the damages and injuries of the parties involved. Unless you’re independently wealthy, that means one minor fender bender could jeopardize your assets and put you on the brink of bankruptcy. . Maryland Auto Insurance Plan. Senate Hearing on Uninsured Motorists. Annapolis, MD. December 16, 2015. Download at www.iii.org/presentations. Robert P. Hartwig, Ph.D., CPCU, President & Economist. M. ileage . Discount Analytics. Daniel Hernández-Stumpfhauser PhD. Lead Statistician | True Mileage, Inc. . . Ryan N. Morrison. CEO | True Mileage, Inc. . February 13, 2013. What is a Health Insurance Exchange?. Maryland . Health . Connection. Individual Consumers. Small . Business Health Options Program (SHOP. ). Large Employer Implications. The Role of Producers. September 2016. Donald Light. dlight@celent.com . 834680. Celent: . The leading global insurance technology analyst . firm. Insurers. Technology firms. Strategic consultants. Technology investors . . Information in this presentation is derived from . Insurance for Dummies . by Jack . Hungelmann. .. . . I highly recommend this book.. Personal Umbrella . Auto and homeowner liability insurance policies are not enough– dollar coverage and type of incidents. Celebrating 50 Years of Service and Support for Boards of Education in Maryland Our Vision primary and preeminent voice for public education in Maryland. It challenges, leads, and children. MABE w What You Need to Know State of New Hampshire t makes sure that insurers doing business in the state are financially sound insurance is available and Licensing insurance companies and cheinsurance