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Proposed Mass. Auto Rules Would Ban Use of Socioeconomic Factors

East News • August 29, 2007
Auto insurers in Massachusetts would not be allowed to use socioeconomic factors in competitively pricing or underwriting policies under a regulation proposed by Insurance Commissioner Nonnie ...

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Subject: S

Posted On: August 29, 2007, 1:32 pm CDT
Posted By: Ray
Comment:
tephen and Anon both ahe good points. Especially when it comes to where the vehicle is garaged. Here in New York, it is not only large cities, we have rating territories through out the state (our small county has two rating territories) and the rates are based on loss experience within each territory (although I still don't understand why we are more than some metropolitan areas - is it politics?)

And I disagree on gender and marital status being excluded from rating consideration. Both of those factors DO have a valid value in rating - again, based on loss experience.

Got to agree with the over 65 factor since I am over 65, but I think the loss experience shows the over 65 crowd does have a higher loss incidence.
Subject Posted By Posted On
Ban Use of Socioeconomic Factors
Sep 14, 2007, 8:27 pm
RE: RE: anon Anon
Aug 30, 2007, 7:53 am
RE: anon concerned agent
Aug 29, 2007, 6:41 pm
RE: re: rating factors Anon
Aug 29, 2007, 4:09 pm
RE: re: rating factors Someone
Aug 29, 2007, 3:03 pm
re: rating factors concerned agent
Aug 29, 2007, 1:44 pm
S Ray
Aug 29, 2007, 1:32 pm
RE: lUCY ,PLS. EXPLAN. stephan
Aug 29, 2007, 12:29 pm
Opens the can of worms... Anon
Aug 29, 2007, 11:21 am
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