Tuesday, April 21, 2009

High-Risk Car Insurance Resists Change in Md. - Washington Post

High-Risk Car Insurance Resists Change in Md.

Washington Post, United States

Marvin Mandel (D) hoped to bring down rates for everyone by having a state agency underwrite insurance for high-risk drivers. The system was capitalized by an industry set up to finance premiums, writing short-term loans at rates as high as 30 percent.

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