Can't understand why your car insurance went up? That may change

[Yo_Mama_Been_Loggin]

OLYMPIA — Washington Insurance Commissioner Mike Kreidler says insurers owe customers a clear explanation for any hike in their auto and home insurance premiums.

On Tuesday, he set out to require it.

Kreidler proposed a new regulation requiring greater transparency of specific factors driving up the cost of a premium.

Specifically, it says insurers must “provide sufficient information, in terms that are understandable to an average policyholder, which enable the policyholder to figure out the basic nature of any premium increase.”

https://www.heraldnet.com/news/cant-understand-why-your-car-insurance-went-up-that-may-change/

[Chainfire]

1. "Because we are greedy bastards, who fix prices, and we have you by the short and curlys."

If you don't like it, walk...