Geico's underwriting policies draw fire

A Newark, N.J., newspaper has accused Geico of discriminatory practices in its automobile insurance rate assignment, but the company contends it evaluates "more than two dozen potential risk factors" there and across the country -- all of which have earned state approval. Factoring in education and occupation to assign rates was called "unconscionable" by an assemblyman, but a spokeswoman for the state Department of Banking and Insurance called Geico's presence "a good thing for New Jersey drivers" and said it has not fielded any questions or complaints about the practice.

View Full Article in:

Star-Ledger (Newark, N.J.), The · Philadelphia Inquirer, The

Published in Brief: