Show y Davis Insurance Rates Will Drop Two of the largest auto In Insurance insurance insurance in- in rating bureaus out of 12 licensed in the state dropped insurance ratings on Davis County vehicles this week This county is the only one out of approximately 28 in the state to have its ratings dropped said saida a spokesman for Commissioner CN Ottosen's state insurance department JOHN JOlIN PARADISE an examiner examiner examiner ner in the insurance department department department depart depart- ment said the drop in ratings will not apply to every Davis County insurance buyer but only to those who carry insurance insurance insurance ance with companies which are members of the two rating bureaus bureaus bureaus bur bur- which dropped their rates The drop in rates in Davis County was an actual 16 comparing comparing com corn paring previous figures wit with rates currently a available vail a b 1 e. e Neighboring counties were in increased increased increased in- in creased an average of Weber County went up 16 Utah County went up 23 and Salt Lake County went up 4 said Mr Paradise RATES BY the rating bureaus are based primarily on insurance insurance insurance ance losses paid out with consideration consideration consideration con con- given to concentration tion Hon areas of traffic Per cents are based upon typical insurance insurance insurance ance risks considering accident accident accident acci acci- dent rate and cost paid out In Insurance Insurance Insurance In- In losses on vehicles in Davis County have shown a trend down-trend while those in other counties have shown an In in- in crease The per cent of Increase ap applies applies applies ap- ap plies to any given driver in any given area in Utah who carries average coverage of liability fire tire collision etc MR PARADISE cautions that the rates discussed will affect less than 50 of all insurance written within the state for it applies only to those companies which are members of the National National National Na Na- Bureau of Casualty Underwriters Underwriters Underwriters Un Un- which handles liability liability liability lia lia- claims and the National Association of Automobile Un Underwriters Underwriters Underwriters Un- Un which handles claims on fire theft and colli colli- sion Insurance rating bureaus file fUe with the state insurance department department department depart depart- ment to comply with Utah state law The law was devised to prevent any possible unfair discrimination Rates filed tiled are actual rates which insurance Is sold on FILINGS ARE based upon the rating bureaus' bureaus experience up to June 1967 Utilizing such re recent recent re- re cent experience is made possible possible possible pos pos- sible through the use of IBM computers Mr Paradise ex ex- ex There are nearly insurance insurance insurance ance companies licensed to op operate operate operate op- op erate within the state These companies belong to 12 rating bureaus which are used to pool statistical information Ik lk |