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Insurers Defend Auto Rate Factors

Feb 9, 2007 Feb. 10--State insurance regulators said they left a public hearing Friday without adequate responses from Geico Corp. and two other insurance companies about why they charge higher rates to Florida drivers who have lower education levels or job classifications. "The answers were not very satisfying,' said Bob Lotane, a spokesman for the state Office of Insurance Regulation. Insurance Commissioner Kevin McCarty will prepare a report for lawmakers, state officials and Gov. Charlie Crist about what should happen next.....

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