Car Owners Pay Too Much For Liability: ConningInsurers are requiring car owners to pay liability premiums inflated by losses caused by light trucks, sport utility vehicles and vans, according to a recent study.
Conning Research and Consulting Inc. in New York found that insurers are rating light trucks, SUVs and vans for liability premium calculation purposes the same as private passenger cars–despite data showing such vehicles present greater bodily injury and property damage risks than private passenger cars.
"For years, car owners have been subsidizing the light truck owners' premiums, and the personal automobile insurance industry has been slow to respond," said Michael Weinstein, director of research at Conning.
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