‘Subtler form of redlining’ confronts Missouri buyers of car insurance, report says
A report Wednesday by the two publications cited their own research using data from four states --
"This disparity may amount to a subtler form of red-lining, a term that traditionally refers to denial of services or products to minority areas," the online report said.
"Using the best risk numbers available, they (premiums) still look somewhat unexplainable for many insurers in many states," Angwin said.
In
Among the four states, the pricing disparity was least in
Angwin called
"If this is what a normal state looks like, then this really could be a national problem," Angwin said.
Redlining often is more closely associated with the housing market and was the subject of complaints raised last year in a
Earlier this year, auto insurance premiums in
The Consumer Reports/ProPublica report cited some challenges to its findings.
"The study's flawed methodology results in flawed conclusions" about discrimination in setting premiums, the
Consumer Reports and ProPublica allowed that firms' claims losses in a ZIP code could vary significantly and influence the comparisons, but they added that this would be unlikely to lead to "a consistent pattern of higher prices for minority neighborhoods."
The report focused on the four states because they were the only ones that collect insurance liability claim payouts information by ZIP code. Requests for that information were made of all 50 states and the
___
(c)2017 The Kansas City Star (Kansas City, Mo.)
Visit The Kansas City Star (Kansas City, Mo.) at www.kansascity.com
Distributed by Tribune Content Agency, LLC.


Blaming Assad, Trump Says Syria Attack ‘Cannot Be Tolerated’
White House Talks Progress On Reviving Long-Shot Health Care Bill
Advisor News
- Navigating client communication in a digital age
- Can your advisory firm survive without you?
- I started using AI, but what now?
- How to support an entrepreneur client with multiple businesses
- Could a narrower focus help grow your practice?
More Advisor NewsAnnuity News
- Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
- MassMutual Expands Lending Options With New Secured Credit Line
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
More Annuity NewsHealth/Employee Benefits News
- SpecialtyCare sues Anthem over $2.5 million in unpaid awards
- Americans Worry They Can’t Afford Health Care in Retirement, Allianz Life Study Finds
- Lawmakers urge USCIS to address immigration backlog affecting healthcare access
- Pennsylvania sues pharma and PBMs over insulin prices
- Seniors can get help wth Medicare sign-ups
More Health/Employee Benefits NewsLife Insurance News