Tech-Driven
“The long-term trajectory for these technologies is the vehicle that drives itself — the driverless car.”
—Rob Strassburger, Alliance of Automobile Manufacturers
Pro-Mandate
“You have to get every risk in the pool – the healthy risks and the less healthy risks – to keep insurance affordable. Without the individual mandate that will be very difficult to do.”
—Susan Pantely, principal and consulting actuary, Milliman Inc.
CFA Question
“It is difficult to understand how insurers can justify charging more than $1,000 a year for minimum insurance coverage to drivers who have perfect driving records for many years.”
—Consumer Federation of America (CFA) Executive Director Stephen Brobeck
Reply to CFA
“The CFA wants to know why the same person, with a good driving record, is receiving price quotes that vary so widely. The answer is simple. The markets for auto insurance are highly competitive. In addition, the experience of insurers in these markets will differ, leading insurers to price the risk of a prospective policyholder differently”
—Dr. Robert Hartwig, president of the Insurance Information Institute
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