New Report Exposes Discriminatory Auto Insurance Pricing

first_img Twitter New Report Exposes Discriminatory Auto Insurance Pricing Previous articleIn Israel and beyond, virus vaccines bring political powerNext articleJuniper Research: Smart Traffic Management to Significantly Reduce Congestion and Emissions; Saving Cities $277 Billion by 2025 Digital AIM Web Support WhatsApp Twitter Pinterest WhatsApp COLUMBUS, Ohio–(BUSINESS WIRE)–Feb 22, 2021– A new consumer report exposes the harmful effect of a credit score-based auto insurance system on millions of consumers, particularly communities of color. Released today by app-based car insurer Root Insurance, Credit Scores and Car Insurance: How unfair pricing practices discriminate against millions of drivers, illustrates how discriminatory pricing practices employed by the industry today force historically underserved communities to pay more for car insurance. This report is the culmination of a national survey of 1,003 U.S. adults and in-depth discussions with consumers, academic experts, and industry stakeholders. Among its top findings, the report shows:66% of the general American population are not aware that credit score is a factor in auto insurance calculations, including 74% of those with lower credit and 70% or Hispanic/Latinx people. However, once aware of this practice, more than half (63%) agree that using credit score to price car insurance is completely unfair.82% of Americans expect premiums to be based on driving record; just 6% think credit score should be an important factor.35% of Americans are unable to afford essentials because of their premiums.Those with poor or average credit are 2.2 times more likely than those with a good credit score to say they have a difficult time applying for and purchasing car insurance. “Ultimately, a person’s credit score isn’t a good measure of their driving behavior,” says Alex Timm, co-founder and CEO of Root Insurance. “With efforts to combat systemic discrimination picking up steam in Washington, DC and state capitols across the country, eliminating credit-based pricing in auto insurance would be an important step towards creating a fairer system for millions of Americans and save drivers money.” “We’re at a pivotal point where things are going to be different,” saidDr. Jerome Williams, Rutgers University Distinguished Professor. “Companies that continue to exploit and treat consumers unfairly, will eventually see consumers start to exit and voice their concerns. It’s going to hurt the company, and sometimes it will hurt the company so much that it’s tough to turn it around.” Despite the near-universal reliance on cars, nearly two-thirds of Americans aren’t even aware that their credit score is a factor in auto insurance or how it may discriminate against them. The report explains how credit scores determined through factors such as credit history and usage, disproportionately hurts underserved communities including immigrants, those with large medical bills, and communities of color. Given that drivers with lower credit scores can pay up to $1,500 more in average annual premiums, this practice only widens the wealth gap and perpetuates systemic inequities embedded in society. “It’s just life things like rent, food and gas—and yes, car insurance…that are hard to keep up,” said Daniela, a 24-year-old mother in Washington D.C. who continues to struggle with poor credit caused by her first credit card when she was 18. With 35% no longer able to afford to pay for car insurance because of the pandemic, the report points to the need for urgent industry-wide change. Calling on the industry and policymakers to phase out credit scores from pricing decision-making, the report points to reform efforts already underway across the country, most notably in Washington State, where legislation to end the practice of using credit score in determining rates has been introduced as well as Root’s own pledge to eliminate credit scores as a factor in its car insurance pricing model. “If I could pay less for car insurance, I could put that money toward my business. And if (my business) grows, I could put more money back toward my health,” said Shawna, a 27-year-old business-owner living with diabetes who reports skipping doses of insulin to afford necessities like car insurance. The report, along with more information, resources and stories about the impact of credit-based pricing are available on About Root Root Insurance is the nation’s first licensed insurance carrier powered entirely by mobile. We were founded on the principle that auto insurance rates should be based primarily on driving behaviors, not demographics. Using mobile technology and data science, Root offers personalized, fair rates to good drivers all through an easy-to-use app. Root is headquartered in Columbus, Ohio, with renters insurance available in Arkansas, Missouri, Ohio, Georgia, Kentucky, Nevada, Tennessee, and Utah, and auto insurance currently available to drivers in Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and West Virginia. View source version on CONTACT: Root Insurance Tom Kuhn Director of Communications 614-385-2828 KEYWORD: UNITED STATES NORTH AMERICA OHIO INDUSTRY KEYWORD: GENERAL AUTOMOTIVE PROFESSIONAL SERVICES INSURANCE AUTOMOTIVE SOURCE: Root Insurance Copyright Business Wire 2021. PUB: 02/22/2021 09:00 AM/DISC: 02/22/2021 09:01 AM Business Wire 2021.center_img Facebook Local NewsBusiness TAGS  Pinterest By Digital AIM Web Support – February 22, 2021 Facebooklast_img read more

The Amundsen Sea Low: Variability, change and impact on Antarctic climate

first_imgThe Amundsen Sea Low (ASL) is a climatological low pressure center that exerts considerable influence on the climate of West Antarctica. Its potential to explain important recent changes in Antarctic climate, for example in temperature and sea ice extent, means that it has become the focus of an increasing number of studies. Here, we summarize current understanding of the ASL, using reanalysis datasets to analyze recent variability and trends, and ice-core chemistry and climate model projections to examine past and future changes in the ASL, respectively. The ASL has deepened in recent decades, affecting the climate through its influence on the regional meridional wind field, which controls the advection of moisture and heat into the continent. Deepening of the ASL in spring is consistent with observed West Antarctic warming and greater sea ice extent in the Ross Sea. Climate model simulations for recent decades indicate that this deepening is mediated by tropical variability while climate model projections through the 21st century suggest that the ASL will deepen in some seasons in response to greenhouse gas concentration increases.last_img read more

Snow Day: University closed

first_imgNotre Dame and Saint Mary’s closed due to inclement weather Monday and will remain closed until Tuesday evening.Only essential employees are required to remain on the College’s campus, according to its emergency announcement. In Notre Dame’s emergency notification email, the University instructed snow-essential personnel to contact their supervisors.John Ning As of press time, the dining halls at Saint Mary’s will remain open during their normal operating hours.According to a campuswide email from University spokesman Dennis Brown, Notre Dame’s dining halls will operate on a limited schedule Tuesday. Brunch will be served from 10 a.m. to 1 p.m. Dinner will be served from 4 p.m. to 6 p.m. The LaFortune Student Center and limited eateries will be open from 7 a.m. to 8 p.m. for students seeking shelter and food.South Dining Hall manager Marc Poklinkowski said the University’s closure challenged dining hall staffs to maintain services.“The staff has been doing a really good job. … It’s an all-hands-on-deck situation,” Poklinkowski said. “We were getting killed today. Some student staff are staying from the breakfast shift [to help with] the dinner shift tonight.“There’s been a lot of confusion with the University closing. It doesn’t mean we don’t have to come in. We are emergency staff members.”The weather emergency that St. Joseph County authorities declared Monday prompted the University’s closure, according to a message sent to students via ND Alert, the University’s emergency messaging service.Under the weather warning, drivers on the roads after 7 p.m. Monday, except for those with emergency reasons, will be ticketed and finedAccording to a Jan. 7 report in The South Bend Tribune, South Bend Police Capt. Phil Trent said this fine might total 500 dollars if individuals are cited under the state statute that says ignoring a city’s emergency declaration is a misdemeanor.Lt. Matt Blank of the St. Joseph County Police Department told the Tribune that drivers are more likely to be cited under a county ordinance violation, which carries a fine of up to 2,500 dollars. A representative from the South Bend Police Department said, however, that South Bend police officers plan to work off of the city ordinance regarding emergency declarations, which would levy a 25 dollar fine against driversTags: closing, Notre Dame, saint mary’s, weather, Weather Emergency, WInterlast_img read more

Hamptons-inspired homes to be snapped up in sought after suburb

first_img MORE QLD REAL ESTATE NEWS: Newport’s stunning new townhomes.The first release of classic Hamptons-inspired townhouses in the bayside community of Newport is underway.A joint development with Stockland, and less than 40km from Brisbane’s CBD, Newport is one of the Redcliffe Peninsula’s most sought after suburbs. In a recent poll by REA, it was among the top three most searched suburbs for new homes in Queensland. Aussie “A-listers” eye off coast pad – SEE THE VIDEO Porter Davis Homes’ at Newport.To complement the bayside suburb, each residence carries timeless Hamptons styling inside and out, with high quality fixtures and fittings as well as a Hamptons-inspired facade. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoPorter Davis Queensland lead interior designer Janelle Miles described the style as perfectly highlighting all of Queensland’s best features. “Hamptons style is as classic as it is elegant. In a subtropical climate like Queensland, light and classic, resort styles continue to be really popular and are expected to stand the test of time for years to come.” Devine renovation of landmark church Newport’s medium density townhomes.Meanwhile Stockland Queensland regional manager communities Pauline Barton said their three and four-bedroom townhomes were also a short distance from schools, childcare services, hospitals and efficient public transport making the turnkey townhomes perfect for young families and downsizers who are looking for a low-maintenance and connected lifestyle.“Despite not being officially in the market, we had already received multiple inquiries surrounding the latest Newport townhome release – a testament to the demand for a low maintenance, well-located home within a sought after waterfront suburb,” she said.The “lock-up and go’’ townhomes allow downsizers to venture off at a moment’s notice, whether it’s to pop out to the beach or to jet off on a holiday. The townhomes also have no body corporate fees, ensuring residents aren’t hit with additional costs after settlement.The townhomes are now available for purchase, with a display kitchen available for viewing the Stockland Newport sales and information centre. Construction has started and is due for completion by mid-year. Porter Davis Homes is continuing to expand its footprint across South East Queensland with its first release of classic Hamptons inspired, expertly designed townhomes in the bayside community of Newport.Buyers are being drawn to the suburb’s waterfront parks, alfresco eateries, golf courses and the bayside which is close to the development. Each double-storey home has plenty of space, designed to grow with singles, couples and families, providing open-plan living and alfresco dining. In a bid to target buyers seeking a parents’ retreat, a separate master suite has been built downstairs, which can also be used as a guest room or the flexibility to have more space for a growing family.Upstairs, Porter Davis’ designers have strategically placed three large bedrooms to ensure each takes advantage of natural light and the views.Queensland state manager for Porter Davis Homes, Grant Whinnett, said: “When it comes to affordable luxury, these Haven townhomes really hit the mark.“We’re continuing to notice a surge in buyer inquiries, looking for more affordable, friendly residences that carry the quality and style of a Porter Davis design. “The investment into Newport makes it an attractive option for all buyers. We expect these townhomes to sell quickly.”last_img read more