New Jersey Citizens United Reciprocal Exchange, (NJ CURE), a leading not-for-profit auto insurance provider in New Jersey, agrees with the recent statement by Consumers Federation of America (CFA) Director of Insurance J. Robert Hunter, and calls upon each state to ban the use of rating methods and underwriting guidelines that directly base rates and eligibility solely upon someone's education level achieved and their occupation. On March 15, 2006 NJ CURE joined CFA in sending a letter(1) calling on the National Association of Insurance commissioners (NAIC) and each state commissioner to ban the use of education and occupation to base auto insurance rates nationwide. Prior to 2004's re-entry of GEICO in New Jersey, the auto insurer industry in the state never used such discriminatory practices in rating auto insurance due to its obvious impact on low-income and less educated citizens.....
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Car Insurance News: Insurer Supports Consumer Federation of America's Call for a Nationwide Ban on GEICO's Rating Methods; Statement By: Eric S. Poe, CPA, J.D., Vice President of NJ CURE Auto Insurance...Get an auto insurance quote!