A California judge threw out a lawsuit that challenged rules requiring California auto insurance companies to base their rates primarily on drivers' records instead of where they live.
Superior Court Judge Loren McMaster granted a summary judgment, ruling that regulations were consistent with a rate-regulation initiative adopted by California voters in 1988.
Three insurance groups - the American Insurance Association, the Association of California Insurance Companies and the Personal Insurance Federation of California - sued, contending that a driver's residence is essential in determining risks and auto insurance costs.
Ken Gibson, a vice president of the American Insurance Association, predicted the new regulations would result in higher rates for some California residents
But consumer groups argued that the old rules could have penalized good drivers.
:.
0 comments:
Post a Comment