WV | The West Virginia Offices of the Insurance Commissioner has issued Bulletin No. 24-04.
This Insurance Bulletin is being issued due to recent communications or inquiries to the Offices of the Insurance Commissioner (“OIC”) regarding premium rate increases, especially premium rate increases for home and auto insurance. Recently, consumers have advised the OIC that their insurance company or agent advised them that their premiums increased because the OIC mandated or forced a home or auto rate increase. However, the OIC does not propose the home or auto insurance rates your company is charging, or force rate increase upon insurance companies.