American Constitution Fire Assurance Co. v. O'Malley

Action by seventy-four stock fire insurance companies to review an order made by the Superintendent of the Insurance Department refusing to approve a proposed increase of 16 2/3 per cent in fire and windstorm insurance rates in Missouri. The judgment below went against the insurance companies.

Our rating act, Article 8, Chapter 37, Revised Statutes 1929, authorizes insurance companies transacting business in this State to promulgate an increase in rates in the manner provided in said article. Section 5864 of the rating act provides, among other things, that an insurance company may lower its…