News
12/30/2005
Minorities 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.


12/29/2005
Survey 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.


12/13/2005
Living 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.


12/6/2005
Why 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.


12/6/2005
Collins & 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.


9/6/2005
U.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.


3/1/2005
ISO To Develop Analytic Products

The 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.


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