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Virginia Insurance Board Seeks Higher Auto Rates
The Insurance Rating Board plans another rate increase after the Virginia Supreme Court overturned an 8.2 percent rise on Aug. 2, 1967. Board manager James M. Cahill said current loss data justify higher liability premiums, and a new hearing will evaluate additional company revenues and potential overcharge refunds up to about 6 million dollars.
MENTIONED IN THIS ARTICLE
Richmond
Virginia Supreme Court
Insurance Rating Board
National Association
James M. Cahill
New York
Virginia
State Corporation Commission
Cahill
SCC
Suspreme