Geico Accused Of Racial Rate Bias

Feb 9, 2007 Feb. 10--TALLAHASSEE -- Is the famous Geico gecko using black and white to rake in the green? Race-based auto insurance premiums may be the result of new systems that factor occupation and education into rates, Florida officials warned at a hearing Friday. Insurance Commissioner Kevin McCarty set the tone by asking members of the insurance industry to testify under oath.....

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