The filed rate doctrine can often provide a strong defense to an insurer in a class action claiming that insurance premiums were too high for some reason. A recent Second Circuit decision applied the doctrine broadly. This decision is likely to be helpful to insurers in future cases.
Filed Rate Doctrine
Filed Rate Doctrine: Third Circuit Reaffirms Breadth of this Doctrine in Title Insurance Class Action
By Wystan Ackerman on
Posted in Title Insurance
The filed rate doctrine is a general principle that a suit cannot be brought against an insurance company, or other company that is subject to rate regulation (such as a utility) challenging the appropriateness of rates that were filed with a regulatory agency. The rationale for this doctrine is essentially that ratemaking is properly within…