Pennsylvania’s Insurance Commissioner, Michael Humphrey, announced that a rate review process saved auto insurance policyholders $77.2 million in the first half of 2024. The Pennsylvania Insurance Department (PID) reviewed numerous rate increase proposals, emphasizing consumer protection and affordability. Overall, the PID reported total savings of $98.3 million in property and casualty insurance for residents, with auto insurance constituting the majority. The department is addressing rising rates attributed to inflationary pressures, particularly in vehicle costs and safety equipment.
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