In general, CPAN argues the seven-day insurance policies “have been abused and there should probably be some tightening on how they’re used,” said spokesman Josh Hovey.
Detroit City Council President Brenda Jones talks about the high cost of auto insurance for Detroit residents.
After the dispute hearing, Director Patrick McPharlin will have the option to affirm, change or withdraw the department’s decision to end the seven-day policies, according to the Michigan Insurance Code.
All sides in the debate agree the state’s high insurance costs are a major motivation for consumers to purchase seven-day policies.
If the state ends seven-day policies, “we don’t know how these consumers are going to get their vehicles tagged.
as mentioned in
Missouri car insurance industry is super racist, report finds
Today, ProPublica and Consumer Reports co-published a hefty investigative piece on disparities in car insurance premiums in minority neighborhoods versus white neighborhoods.
(Missouri’s minority neighborhoods were defined as having greater than 50 percent minority population; you can read about the report’s methodology here.)
Of the four state insurance departments contacted for comment on the report, only Missouri’s agency, the Missouri Department of Insurance, failed to respond.
The white man pays GEICO $54 a month to insure his 2015 Audi SUV.
Subsidiaries of Berkshire Hathaway, Liberty Mutual and Auto Club Enterprises in Missouri all were found to “charge 30 percent more on average in risky minority neighborhoods compared with similarly risky majority white neighborhoods.”
as mentioned in
State senator wants to bar ZIP code from car insurance equation
State senator wants to bar ZIP code from car insurance equationState Sen. Jacqueline Collins wants to bar insurance companies from using a person’s ZIP code when setting auto insurance premiums.
| Andrea Salcedo/Sun-TimesState Sen. Jacqueline Collins wants to bar insurance companies from using a person’s ZIP code when setting auto insurance premiums.
The Chicago Democrat said Monday she’ll add the ZIP code rule to her pending bill that would block insurers from considering a person’s credit rating.
Additionally, six Illinois insurers charged rates as high as 30 percent higher in minority ZIP codes, the report showed.
“What they’ll say is that we cannot discriminate base on race, but we know that ZIP codes and credit scores are proxies for race,” Collins said.
collected by :Olivia Mathio