Berkshire Hathaway Inc.'s GEICO Corp. could see the largest increase in premiums from rate hikes in its private-passenger auto business approved during April, according to an analysis by S&P Global Market Intelligence.
Regulators signed off on 15 rate increases by GEICO in the month, which could boost its nationwide premiums by $292.6 million. The three approvals that could lead to the largest amounts of higher premiums for GEICO came from New York; they accounted for more than two-thirds of the calculated increase. The New York filings become effective May 10 and May 27 for new and renewal business, respectively.
GEICO may also see additional premiums of more than $10 million in New Jersey and New Mexico thanks to recently approved rate hikes there.
United Services Automobile Association received approvals for 18 rate increases across four states in April that could result in combined private-passenger auto premiums of $131.6 million. Those hikes follow on the heels of receiving several approvals in March that could lead to premium increases of $28.3 million.
On the flip side, the group led by Progressive Corp. saw some noteworthy rate decreases during the month. The nation's third-largest private auto insurer received 11 rate cut approvals across six states which could potentially decrease its written premiums by $12.9 million.

Click here for a template providing rate changes for a select entity, state or type of insurance, and to view metrics related to premiums, approval time and affected policyholders. Click here for a webinar with information on the resources that S&P Global Market Intelligence has available regarding rate filings. |

