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Insurance price caps sound like a good idea. But are they?
Yahoo Finance·2025-10-28 22:43

Nearly every U.S. state bans insurance companies from implementing excessive rate increases on home and car coverage. Even with those protections, the average cost of auto insurance has risen far faster than general inflation in the last five years — and some state regulators fear homeowners insurance could soon do the same. The concern has prompted some lawmakers to consider implementing price caps on insurance companies. While that may sound like a great idea if you are a cash-strapped motorist and home ...