Insurers Warn N.J. Not to Restrict Use of Education, Job Status in Rating
East News • March 6, 2007
New Jersey drivers could see a return to high prices and fewer choices for their insurance if legislators limit the use occupation and education as rating factors, insurers warned lawmakers at a ...
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Subject: RE: RE: RE: RE: RE: To set the record straight...
Posted On: March 8, 2007, 12:47 pm CST
Posted By: Jimmy Boy
Comment:
Marital status is also a seemingly unrelated criteria for establishing premiums - until you think about it. Married guys, especially with kids, are less prone to doing things like drag racing, or closing bars on weeknights. Hence, lower rates for the henpecked.
Also, in using both education and employment, one might want to learn why the applicant works at Wal-Mart in sporting goods but has a law degree from Harvard. Hmmm... did he get fired from the firm for being drunk on the job? Embezzling?
Buying insurance is not like buying shoes, ES.
Subject: RE: RE: RE: RE: RE: To set the record straight...
Also, in using both education and employment, one might want to learn why the applicant works at Wal-Mart in sporting goods but has a law degree from Harvard. Hmmm... did he get fired from the firm for being drunk on the job? Embezzling?
Buying insurance is not like buying shoes, ES.