NAMIC Warns of Likely Rate Hikes in Wash. Following Passage of R-67

摘要

Washington state consumers will likely see their rates increase as a response to the expected effects of the voter-approved legislation Referendum 67, according to the National Association of Mutual Insurance Companies (NAMIC). The referendum, which passed with 57 percent of the vote, will allow triple damages to be assessed for "bad faith" denials of insurance claims.