Long Island Financial Briefs: August 15, 2008

Insurance company Geico dropped its attempt to increase rates in the state at the request of New York State Insurance Department Superintendent Eric Dinallo.He pointed to a new Department of Transportation report that shows New Yorkers drove 4 percent fewer miles in May 2008 than in May 2007.The insurance department didn't disclose how much Geico, the largest writer of auto insurance in the state, had wanted to raise its rates.....

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Car Insurance News: Long Island Financial Briefs: August 15, 2008...Get an auto insurance quote!