Geico defends self-assessment criteria NJ
State of New Jersey Senator Nia Gill, D-Essex, has sponsored a bill on the prohibition of self-insurance, education and to take into account whether the definition of price policies and considers that the practice is discriminatory and contrary to the laws of bypasses Race and calculating income.
Gill, stuck to his opinion, to hear the testimony of insurance companies and public banks and Insurance Commissioner, said such practices constituted “a serious economic consequences for working-class families.”
A recent consultation Senate Commerce Committee focuses on Geico, the fourth largest state of the insurer and one of only two, a person’s work and training to determine a driver, the risk of an accident. Geico officials said one person, occupation and education, only two of more than 20 criteria used for prices and indices are not on any course. It has to say as much weight the two criteria are cited laws, release disclosing proprietary information.
Banks and Insurance Commissioner Steven Goldman, said the department has not received any complaints about work and education criteria. Goldman said he was not aware that Geico is facing a possible Class Action Lawsuit in Michigan says that the company of discrimination blacks are perceived by an increase in premiums, fees as they white customers with the even driving records by using criteria of training and employment.
On the basis of 2000 census figures, 70 percent of the people of New Jersey have no university degree Associatd According to press reports, but 82.9 percent of blacks and 87 percent of Hispanics have no university degree.
Ironically, Gill said, a 2005 study, an independent insurance rating firms to find doctors and lawyers among the drivers most likely to be involved in an accident. Gill said that, according to the study, firefighters and housewives have at least the risk of accidents.
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