Ralph Nader: Tapping Into The Vast Safety Potential Of ‘Loss Prevention’ By The Insurance Industry – OpEd

A recent newspaper article reports that GEICO, one of the largest auto insurers in the U.S., has amassed a staggering $189 billion in cash, apart from the reserves required by law to insure the volume of potential claims by its policyholders. Angry consumers have cried out about auto insurance premiums going up as the prices of...