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Florida Officials: Education, Job in Rating 'Unintentionally' Harms Minorities

Southeast News • April 3, 2007
Results of a report on the factoring of occupation and education for underwriting and rating of auto insurance policies show that while the practices "unintentionally harm minorities and ...

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Subject: Financial Responsibility & Occupation

Posted On: April 3, 2007, 11:46 am CDT
Posted By: CC
Comment:
A person's occupation and education generally demontrates that person's financial responsibility, and aren't auto insurance policies a result of the state's financial responsibility laws? I think this measure in rating for personal auto (and other personal policies) is an extremely credible and reasonable factor to be used in risk assessment. Would one not expect that someone with more to lose financially - say a physician - would drive more responsibly than one with less to lose -- say a restaurant service worker? If race has shown up as an underlying factor in the state's assessment, that is a reflection of economics and not the fault of the insurance companies.
Subject Posted By Posted On
RE: which carriers? Ratemaker
Apr 9, 2007, 6:50 am
which carriers? LL
Apr 5, 2007, 8:17 pm
RE: Hi Big... how's it going? CC
Apr 4, 2007, 11:47 am
Hi Big... how's it going? Jewel
Apr 4, 2007, 8:42 am
RE: Just plain silly Thanks
Apr 4, 2007, 7:51 am
Just plain silly va u/w
Apr 4, 2007, 7:35 am
The ruling is racist Big Insurance
Apr 3, 2007, 1:44 pm
RE: Why change now? Thanks
Apr 3, 2007, 12:57 pm
Why change now? Mark P
Apr 3, 2007, 11:51 am
Financial Responsibility & Occupation CC
Apr 3, 2007, 11:46 am
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