Unfair Subsidy
“There are a number of drivers who are not adequately assessed at the rates that they should be paying. It is not fair to subsidize somebody else’s bad driving.”
–Oyango Snell, Property Casualty Insurers Association of America, part of a coalition seeking changes to North Carolina’s auto insurance rating system.
Live with It
“The reason I can live with that is because I want to make sure you all have insurance. If it’s too expensive, and you guys can’t afford it and start driving uninsured, then that’s going to have an impact on all drivers.”
–David Marlett, a professor at Appalachian State University, to students on North Carolina’s auto insurance system.
Florida Surplus Loan
“We have learned a lot. But I would not push for a resolution to move forward right now.”
–Citizens President Barry Gilway announcing the insurer will not to pursue a plan to loan private insurers part of its surplus in exchange for removing policies.
Was this article valuable?
Here are more articles you may enjoy.
Florida Men Charged With Creating Sham Insurance Now Face Federal Indictment 
Learjet May Have Broken Up Before Fatal Florida Crash, NTSB Says 
Update: Spanish Train Crash Kills at Least 64 People South of Madrid 
Binance’s $6.3 Billion Hack: How Crypto Insurance Works From This Issue
