If a new series of rate increases are approved by the state, that won't change anytime soon.
Companies can come in asking whatever they want.
What they get is another issue. The rate changes vary from a one percent rate reduction to a 48.1 percent rate increase. Among the largest insurers in the state, State Farm Indemnity, which ranks No. 1, filed for a 16.8 percent rate increase, and Liberty Mutual, the state's No. 4 insurer, filed for a 20 percent rate increase. The remaining eight companies have filed appeals with the state's Office of Administrative Law. Once the office rules on the rate change, the ruling is then sent to Karen Suter, the state's insurance and banking commissioner for final approval.