SGI Auto Fund

The Panel recommended that the rate SGI charges its customers for car insurance premiums be increased by 0.6%, effective August 4, 2012, down from the 3.7% rate increase proposed by SGI. The Panel also recommended that SGI charge its customers a temporary two-year annual rate surcharge of 1.0% to help replenish the Auto Fund’s Rate Stabilization Reserve, and that the surcharge be identified separately on customer billings.