Wednesday, March 9, 2011

Auto Insurance Problems Revealed

The battle of the sexes does not only exist in the non-technical side of life. It has already reached the Insurance industry particularly the auto insurance.

The European Court of Justice (ECJ) currently announced a decree banning companies from using the gender of the person to establish prices. Women benefitted this decree more than men wherein the short term distinct probable frontrunners are the insurance companies. For over a decade now, propositions for the parity in gender in the insurance industry are still rolling. Good thing that in 2004, it was made into an ordinance to have parity in the provision of merchandise and services.

Several accounts of gender disparity continue to arise despite the fact that the European Court of Justice has already promulgated an ordinance concerning the uproar of different individuals. There was a general rule, according to Juliane Kokott, an advocate of the ECJ, that states the premiums and benefits of unisex will be invalid by the 21st of December 2012. It was believed to be disparaging and has earned a lot of denunciation not only from the auto insurance industry, but to everyone concerned as well.

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