Florida regulators announced a hearing will be held Friday to probe whether auto insurers' use of education levels and job type to rate risks amounts to racial discrimination
Florida Insurance Commissioner Kevin McCarty said he is concerned that the use of education and occupation as factors in determining rates may discriminate against racial minorities.
As an example, the state Office of Insurance Regulation noted that a single, 23-year-old male insuring a 2000 Chevy Malibu would pay different rates based upon on his occupation and education.
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