A growing trend in the personal auto insurance market is bait and switch. When insurance carriers practice bait and switch, it means that they are running motor-vehicle reports after binding auto policies, and changing the premium rate of the policy. Often, the...
A brief history of ‘step-down’ provisions
For the better part of 15 years, PIANJ has advocated for the elimination of what is colloquially known as a “step-down” provisions in automobile policies. A step-down provision appears in many automobile policies. It has the effect of reducing the amount of coverage...
Bills to affect carriers, UW restrictions pass N.J. Senate; UM/UIM coverage bill introduced
Adverse carrier bills pass state Senate. The New Jersey Senate Commerce amended legislation (S-1559), which would allow consumers to bring a “bad faith” lawsuit against insurers to remove certain recoverable expenses last week. This legislation passed the Senate...
The New Hampshire Legislature in the COVID era
New Hampshire Republicans have control of the state Senate, House and Executive Council after the November election—following Democratic majorities in all three arenas the last two years. Gov. Chris Sununu was re-elected for his third term after defeating state Sen....