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Washington: Study Reports Bad Faith Law Will Drive-up Insurance Rates
According to a recent study by Milliman Research, the pending bad faith law, R-67, would drive up insurance rates for consumers by more than $205 a year per household in the state of Washington. The Wisconsin-based research firm analyzed five other states with similar bad faith legislation and found that consumer's insurance rates increased between 3.5 percent and 7 percent annually.
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