East News
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Insurers Defend Job, Education as Auto Insurance Pricing Criteria in N.J.
East News June 13, 2006
Insurance industry representatives urged New Jersey lawmakers not to restrict insurers' use of certain rating variables including occupation and education in the pricing of auto insurance ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: RE: RE: RE: RE: RE: RE: RE: Poor vs Rich | Race | Jun 19, 2006, 10:27 pm |
| RE: RE: RE: RE: RE: RE: RE: RE: Poor vs Rich | bubba | Jun 16, 2006, 3:28 pm |
| RE: RE: RE: RE: RE: RE: RE: Poor vs Rich | Race | Jun 15, 2006, 3:33 pm |
| RE: RE: RE: RE: RE: RE: RE: Not Poor vs Rich | bubba | Jun 15, 2006, 9:46 am |
| RE: RE: RE: RE: RE: RE: RE: Poor vs Rich | Race Lost | Jun 14, 2006, 3:34 pm |
| RE: RE: RE: RE: RE: RE: Poor vs Rich | Race | Jun 14, 2006, 10:10 am |
| RE: RE: RE: RE: RE: Poor vs Rich | Greg | Jun 14, 2006, 9:31 am |
| RE: RE: RE: RE: Poor vs Rich | Jen | Jun 14, 2006, 7:52 am |
| RE: RE: RE: Poor vs Rich | B | Jun 14, 2006, 7:25 am |
| RE: RE: Poor vs Rich | reader | Jun 13, 2006, 10:31 pm |
| RE: RE: Poor vs Rich | J IS RIGHT! | Jun 13, 2006, 8:56 pm |
| RE: Poor vs Rich | J is wrong | Jun 13, 2006, 5:17 pm |
| Poor vs Rich | J | Jun 13, 2006, 2:07 pm |
| Explainability of analytics is key | James Taylor | Jun 13, 2006, 12:27 pm |
| Back to article | ||


Subject: RE: RE: Poor vs Rich
The previous emailer does not know or understand what he/she is talking about & perhaps needs to actually review the testimonies about credit scoring vs education/occupation.
All testimonies & reports show Credit scoring & rating per education/occupation are unrelated. "Credit scoring" could never be tied to "economic well-being". Education & occupation are tied.
As far as using these factors in "insurance scoring": A recent Star Ledger showed idential males, idential cars, and idential situations except one was a lawyer & the other uneducated. Guess who paid $1000. more car insurance premium?
If you think that charging the poor is good thing, then I think you will be visited by three ghosts on Christmas Eve.
(Oh if you are trying to compare Mass to NJ, then please remember that NJ has the rates in the nation.)