By: Jayme Fraser
Insurance companies can cancel policies or raise rates on customers based on questions asked about an incident or a claim filed even if the company never paid a dime.
Senate Bill 58 would ban companies from using information about zero-dollar claims in making underwriting decisions that ultimately affect cancellations, renewals and rates of insurance policies. The measure carried by Sen. Mary McNally, a Billings Democrat, also is supported by Republican State Auditor and Insurance Commissioner Matt Rosendale. The bill would affect a broad range of insurance policies from homeowner’s and auto to commercial property and professional liability…
Read more at the Ravalli Republic