DO REGULATORS GET AUTO PREMIUMS RIGHT? A REGRESSION APPROACH

摘要: This study uses linear regression analysis to provide independent of actuarially determined auto liability premiums in Texas. The authors use generalized least squares with cross-sectional, publicly available data obtain a high degree correlation between benchmark and several demographic variables which serve as proxies for insurer costs. proxy variables, are outside the control insurers or regulators, is taken evidence that regulators Texas have established reasonable not unfairly discriminatory ratemaking process private passenger automobile insurance.