Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. Apparently, an insurance-company actuary hears it.
Some big insurers are about to make it more costly to cover big vehicles than small ones.
That's a break with the past. With record numbers of large vehicles like the Ford Expedition and the Chevy Suburban on the road, insurance companies are finding that drivers of the behemoths cause a disproportionate amount of harm to other cars and drivers, resulting in bigger liability payouts. A break for regular cars To offset the higher expenditures, insurers are boosting the premiums for liability coverage on sport-utility vehicles and pickup trucks, the New York Times reported last week. Previously, policyholders would pay roughly the same premium for liability protection whether they owned an ordinary sedan or a two-ton pickup. Car owners buy liability coverage as protection against loss claims from someone else as a result of an accident.