News Archive

OLYMPIA, Wash. — Washington state Insurance Commissioner Mike Kreidler is urging insurance companies to extend the additional living expenses benefit for wildfire survivors who are nearing their 12-month limit on that specific coverage. 

Additional living expenses coverage provides people the funds to pay for temporary housing while their primary residence is being rebuilt. Many policies have a clause that ends this coverage after  12 months. 

Kreidler also requested information from insurance companies on losses associated with the Gray and Oregon Road fires…

OLYMPIA, Wash. — Thirteen health insurers filed an average requested rate increase of 11.3% for Washington's individual health insurance market. The proposed plans and their rates are currently under review and final decisions will be made this fall. 

"I recognize that any proposed increase in price is deeply upsetting to those struggling to pay for coverage today,” said Insurance Commissioner Mike Kreidler. “People should know that these rates are not final and my office will be carefully reviewing each request to validate the assumptions being made by our state’s insurers. We…

OLYMPIA, Wash. — As of June 1, 2024, insurance companies will have to let their policyholders know why their premiums have gone up. 

Washington state Insurance Commissioner Mike Kreidler’s new rule requires insurers to provide an answer on why premiums have gone up — and in 2027, they’ll have to provide that information automatically when a policy renews. 

“If your insurance company is going to increase your premium, you have a right to know why,” Kreidler said. “Hundreds of consumers, every year, have told us they are unable to get a clear answer from their…

OLYMPIA, Wash. — Washington state Insurance Commissioner Mike Kreidler is advising consumers to check their home insurance policies for water damage sublimits.

“A policy with a sublimit may provide lower monthly premiums, but people will be in for a surprise when they file a claim,” Kreidler said. “It’s important to know what you’re paying for and how much, or how little, you could be paying out of your own pocket if your home is damaged.”

Five companies writing home insurance policies in Washington have recently considered selling policies with optional water damage…