News
12/30/2005Minorities paying more
Motorists living in mostly black or Hispanic neighborhoods
are charged substantially more for the same amount of auto
insurance provided to drivers from white communities, according to
an analysis released Monday by Consumers Union. After dissecting
the price among California's three largest insurers in more than
500 ZIP codes, Consumers Union found car insurance in black
neighborhoods costs 37.5 percent to 83.5 percent more than in
communities dominated by non-Hispanic whites.
12/29/2005Survey exposes flaws in state's auto insurance
Survey exposes flaws in state's auto insurance Daily
Democrat At Issue Setting rates for auto insurance in California.
Our Opinion New survey demands state examine the equality of
determine how auto insurance rates are set.
12/13/2005Living Close to a Restaurant Is Risky
Where you live might affect your auto insurance costs.
Quality Planning Corporation, which researches accident
probabilities for insurance companies, has found a relationship
between where a person lives and their risk of an auto
accident.
12/6/2005Why People Who Live Close to Restaurants are More Likely to Have an Accident and Pay More for Auto Insurance
If you live within a mile of a church, you're far less
likely to have a car accident than drivers who live more than a
mile from a church. But if you live within one mile of a
restaurant, you face a significantly greater risk of an accident
than most other drivers.
12/6/2005Collins & Aikman Awarded Future Chrysler Group Interior Systems Business
Collins & Aikman Corporation(CKCRQ) announced today
that DaimlerChrysler AG's Chrysler Group has selectedthem as the
supplier for a significant portion of the interior systems on
afuture platform of vehicles scheduled for 2008. 'We are extremely
pleased to be selected by DaimlerChrysler and appreciatetheir
confidence in our ability to fully support this major program,'
saidFrank Macher, President and CEO of Collins &
Aikman.
9/6/2005U.S. Insurance Industry Lost More Than $16 Billion in 2004 Due to Auto Premium Rating Error
Quality Planning Corporation (QPC), the Rating Integrity
Solutions Company, has released its annual Premium Rating Error
report. The report concludes that premium rating errors continue to
lower the overall profits of auto insurance companies. QPC
estimates that $16 billion of premium revenues were foregone in
2004 due to inaccuracies in rating information - an increase of
$800 million over 2003.
3/1/2005ISO To Develop Analytic ProductsThe Insurance Services Office (ISO) announced that it has formed an independent division to develop new analytic solutions and enhance existing products and services for professionals who classify and evaluate risk and detect fraud.