Ohio Insurance Premiums Increase Following Rise In Crash Claims
Thursday, September 3rd, 2015 Auto LiabilityA recent increase in auto crashes may be putting dents in more than just cars and trucks. Several insurers have begun raising rates, while others are considering such a move as their costs head higher because of rising claims. Geico, the No. 5 insurance carrier in Ohio with 5.9 percent of the market last year, said in its recent quarterly report that rising claims are having an impact.“As a result, we are implementing premium-rate increases as needed,” said the insurer, owned by Warren Buffett’s Berkshire Hathaway.
External References & Further Reading
http://www.dispatch.com/content/stories/business/2015/09/03/rising-cost-of-crunch.html
