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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: RE: RE: Poor vs Rich

Posted On: June 13, 2006, 8:56 pm CDT
Posted By: J IS RIGHT!
Comment:
Society dictates right & wrong. And charging the poor more is just wrong. That's why the New Jersey Assembly, the Senate & the newspapers are in an uproar.

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.)
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
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