insurance rates by zip code News

Massachusetts Lawmakers Consider Limiting Zip Code Weight in Auto Rates

Massachusetts lawmakers are considering a measure that would curtail the use of geographical location in the rating of private passenger auto insurance, a factor that critics say now penalizes urban and minority drivers. But the insurance industry says zip codes …

Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI

Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week. Freestyle.VC led the funding round, with participation from …

Report: Mississippi Insurers Not Overcharging Coastal Residents

Results of Mississippi’s Property Insurance Clarity Act Data Call are in and they confirm what insurance experts in the state say they already knew: insurers are not overcharging coastal residents in Mississippi. In fact, many Mississippi homeowner insurers are actually …

Insurers Get Ready to Comply With New Mississippi Property Insurance Clarity Act

Property insurers in Mississippi have until October 1, 2015 to respond to the Mississippi Insurance Department’s (MID) first call for homeowners’ insurance policy data that will be used to satisfy the requirements of the new Mississippi Property Insurance Clarity Act. …