As a result of asking time to look into the increase in rate hikes, the three major insurers of California agreed to delay the hike by 60 days.

The three major insurer companies Aetna, Anthem Blue Cross and PacifiCare had planned to hike the rates for people having individual policies while the workers, who are being insured by their employees, are not affected.

Blue Shield insurer has increased the rates for the third time since October last year and for the worst; around 194,000 individual policyholders were informed about all the three hikes at once.

Woodland Hills-based Anthem claimed that its hiked rates will be in effect from April 1 with an average of 9.8 percent for 638,000 individual policy holders.

Aetna Inc. is planning to increase by 20.7 percent on an average for its individual customers by April 1.

In response to the letter released by the state's insurance commissioner stating that the $125-million stock transfer in 2007 by Blue Cross Blue Shield of Michigan to the Accident Fund was legal, the private property and the casualty insurers had written a letter to him. The case is being investigated by Attorney General Mike Cox

On Wednesday, a letter written to commissioner of the Office of Financial Insurance Regulation, Ken Ross, and copies were sent to key legislators, Kurt Gallinger, Chairman of the Michigan Insurance Coalition stated that the law prevents the transfers for the purchase of the companies involved in the selling of things other than disability insurance.