Racial biases in insurance market

How to Get Cheaper Car Insurance: Be White

As something that tens of millions of American driver are required by law to pay for every month, auto insurance is one thing that most people believe should be priced fairly. It doesn’t offend notions of fairness for a bad driver to face steeper premiums, and it’s accepted practice in the industry to include customers’ age and gender in computing their rate. But what if insurance companies appear to be systematically charging entire racial or socioeconomic groups different amounts for the same product? ….[READ]


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