Insurance Industry At It Again Finding Ways To Increase Auto Premiums Unfairly!
Auto insurers are increasingly using socio-economic factors – such as education and occupation – instead of driving factors – such as mileage and accidents – in their pricing of policies. Insurers have also started to use factors – such as price optimization – that have no relation to risk and loss in this pricing. These unfair practices have especially adverse impacts on low-income consumers and people of color.
Responses