Focus (Forum & Focus)
May 16, 2007
The Price Is Not Right
Forum Column – By Lauren E. Willis – A recent California appellate decision highlights a much larger problem with many insurance, credit and other consumer financial products today: the business model that generates profits by evading price competition.
By Lauren E. Willis
In Interinsurance Exchange of the Automobile Club v. Superior Court (Williams), 148 Cal.App.4th 1218 (2007), the 4th District Court of Appeal decided an arguably arcane insurance law issue about whether the additional charge for an auto policy paid in installments rather than in a lump sum is part of the "premium" that the insurer must disclose in ...
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