New York Insurance

Supported by Blum, Phil Grummanite Levittown, “says the owner of the insurance premium on his coat has improved a little bit but this year - $ 844 from the previous year to 907 dollars.

But there was a snag: its share for the damage caused by the hurricane. And he is not happy.

“I think, if it is in the action of the threat, it is worth taking the risk,” Blum, 62, said of the industry.

Then there are the 65 years of Hauppauge Dennis Sheridan, a retired computer equipment set-up charge of Hauppauge, reducing the premium to its owner by a reduction in its report: from enough to replace the entire house just enough For a mortgage of $ 125000 outstanding balance. But she told her company would decrease the premium of only $ 80 per year - from $ 1158 is it for this year. “They are not moving,” he said.

   

   

The two men, and the other in New York, to pay much more for homeowners and auto insurance, according to some consumer organizations. However, public servants, forecasts that the New York Auto, prices, and higher in the third country, after New Jersey and Washington, DC, there will be this year, after four years of stability relative.

About the only “good” news is that the insurance companies to regulatory authorities estimate owner premiums will be stable this year - an increase in the number of local homeowners on what is said, increases the chances that statistically Long Island is due to the hurricane Of great.

But the Consumer Federation of America, New York, said paying too much for auto and home insurance and within the insurance group from the scene, J. Robert Hunter, the arguments documented in a report by the Consumers Union and the New York Public Interest Research Group.

On average, the study said, the typical American family $ 870 too much in total for the two types of insurance in the last four years, insurance as collected between $ 100 billion and $ 200 billion, which, in the report as “baseless” Premium Quality - Report. The payment amount is higher in New York, where the premiums are usually higher, “said Hunter.

At the same time, he noted that the industry has earned $ 67 billion during the last years of profits. New York State paid about $ 1100 on average during 2005 to ensure that each car - the latest figures available, and she loves low, as it pulled down by falling prices for hinterland by the National Association of Insurance Commissioners. The panel said that the average New York, the owner pays $ 850 per year for their homes in 2005, but that was before Hurricanes Katrina and Rita, the sharp increase in premiums in other coastal regions. As a country, the average premium of $ 767 this year.

But in a letter to Hunter on March 31, Gerald Scattaglia, assistant chief of the National Agency insurance office property department, wrote: “The division continues to monitor profitability, and its full collective will assist the process review to ensure that insurance companies are no longer for the benefit of Long-Term. ”

Insurers, on the other side say, the benefits of prices are low in comparison with other sectors when it is applied over a long period and not a high point in the industry cycle. “The industry is well and far behind other sectors,” said Ellen Melchionni, Vice-Chairman of the New York Insurance Association, a trade group, which is based in Albany.

Because the rates were flat to down since 2003 as a right of the insurer and the implementation cut down on fraud, including staged accidents and false medical or well-padded and damages flight and false reports. Fraud costs the insurance industry an estimated $ 30 billion per year.

Now, state officials said losses are again rising, in part because the fraud appears to be still growing - not unusual when the economy is sour and more people geschnallt for cash.

The Division of Insurance Fraud Bureau reported an increase in recent years in reports on false stolen cars by the owners first damaged or destroyed, to ensure that they are total losses or simply Hand the keys keys to a robber. Insurers must consent of the State to the automatic increase in rates.

Mike Moriarty, Deputy Superintendent of the building, he advises issues of the Section this year, so far, more automobile insurance, the costs for consumers. “We see larger numbers,” he said. “We do not have much of a revision of the rate requests pending, and it may be that the requested changes to the company, but I think one can say with certainty that the trend upwards. “