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Podcast: How state auto insurance reform, which takes effect today, is supposed to drive down premiums in Detroit. Listen to a clip below and find more at http://ow.ly/q0f850AnyRr | Crain's Detroit Business
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Answered: Anystate Auto Insurance Company took a random sample of 382 insurance claims paid out during a 1-year period. The average claim paid was $1525. Assume σ =… | bartleby
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Why expanding driver’s licenses in NEW JERSEY quietly drives auto insurance even higher—especially in a NO-FAULT state. Auto insurance isn’t political. It’s math. Premiums are based on: claim frequency × claim severity fraud legal costs If any of those rise, everyone pays more. Now here’s the problem 👇 1️⃣ New Jersey is a NO-FAULT state Medical bills are paid immediately through PIP—regardless of who caused the crash. More drivers = more guaranteed medical claims = higher premiums. Fault doesn’
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