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Florida becomes 4th state to ban controversial insurance practice18-May-2015

Florida’s top regulator is barring insurers from charging consumers more not because of their risk or their driving records — but thei..

Managing the Future of Data18-May-2015

Martin Williams is recognized as an expert on the creation, collection and distribution of high-quality reference data for use across the financia..

Online Sales for U.S. Commercial Lines '5 Years Behind U.K.'01-Jul-2014

After working to establish Hiscox’s direct sales program for small businesses in the U.K., Kevin Kerridge transferred to the insurer’s..

18-May-2015

Florida’s top regulator is barring insurers from charging consumers more not because of their risk or their driving records — but their shopping habits.

A state memo deals with “price optimization,” which can mean charging higher premiums to consumers considered less likely to shop around. The Palm Beach Post looked at this issue last year.

Florida is the fourth state to ban price optimization, following Maryland, Ohio and California, according to a consumer group that pushed for the move.

By Charles Elmore

May 15, 2015

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