New York state is moving to restrict the ability of auto insurers to use a customer’s job or education to set premiums. Gov. Andrew Cuomo announced the proposed regulation Tuesday. The Democrat says it’s necessary to stop an unfair and …
Auto insurers use many factors, including a motorist’s education and occupation, to accurately gauge their risk, industry representatives told state lawmakers on April 10, a week after a consumer advocacy group called the practice unfair. “The more accurate we can …
A consumer advocacy group said its analysis shows some of New York State’s largest auto insurers are charging higher premiums to motorists who have less education and non-professional, non-managerial jobs. The New York Public Interest Research Group (NYPIRG) said it …
