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Article: High Costs of Auto Injuries, Accident Rate - Not Profits Are Key Factors Behind Price of New York Auto Insurance.
- Article from:
- PR Newswire
- Article date:
- May 18, 2000
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Copyright informationCOPYRIGHT 2000 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Insurance Payout for Injuries, Number of Damage Claims Far Higher than
National Average
NEW YORK, May 18 /PRNewswire/ --
The high costs of injury claims and large number of damage claims from auto accidents in New York are far above the national average, keeping the price of auto insurance in the state high.
The costs drivers associated with medical care, auto repair, litigation and fraud are behind New York's high auto insurance rates, not the profits of auto insurance companies, Bernard L. Bourdeau, president of the New York Insurance Association, told the Assembly Standing Committee on Insurance.
Appearing at a public ...
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