Economic Implications of the Death of Auto Insurance

August 20, 2012
Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 20, 2012. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous. Seriously.

• An estimated 1.2 million bill collectors, trial attorneys and lobbyists will be unemployed.

• States will lose $8 billion in premium taxes and even more in corporate taxes but save enough overtime pay for highway patrols to make this a wash.

• About half of the nation’s 40,000 body shops are expected to close, with the remaining shops moving into manicures and pedicures to make up lost revenue.

• Beloved TV ad icons the perky clerk, the simple-minded caveman and the folksy professor are earning a lot less in their news jobs as an actual clerk, caveman and a professor.

• Cleveland (Progressive), Seattle (Safeco) and Cincinnati (Great American) baseball stadiums have been shuttered.

• The highly-successful Mothers Against Drunk Driving (MADD) franchises will close their doors.

Topics Auto

Was this article valuable?

Here are more articles you may enjoy.

From This Issue

Insurance Journal Magazine August 20, 2012
August 20, 2012
Insurance Journal Magazine

Satire Issue (Funny stories, weird claims, reader submissions and wacky ad contest.)