CAPITOL NOTES: RECORD RECALLS; EMISSIONS TESTING RELIEF?, AND INSURANCE MATH FACTS

The following facts are noted: Record Recalls - In 1995, the National Highway Traffic Safety Administration (NHTSA) launched a total of 305 safety recall campaigns, 64% instigated by NHTSA and 36% voluntary recalls by the manufacturers. Emissions Testing Relief? - The Cato Institute suggests that new remote-sensing technology that is inexpensive and mobile be used to identify and cite polluting vehicles, saving everybody a trip to the emissions center. Insurance Math Facts - According to the Insurance Information Institute, for every $100 the consumer pays in auto premiums, $42 pays injury claims and $37 pays damage repair. The insurance company keeps $24 to cover insurance sales, process claims, and pay stockholders and state taxes and fees. The total for costs comes to $103, but the insurance companies gain $11 by investing premiums. Subtracting the $103 in costs, and another three dollars in federal taxes, the companies end up with a five-dollar after-tax profit on every $100.

  • Availability:
  • Corporate Authors:

    Petersen Publishing Company

    8490 Sunset Boulevard
    Los Angeles, CA  United States  90069
  • Authors:
    • Nikkel, C
  • Publication Date: 1996-6

Language

  • English

Media Info

  • Pagination: p. 38
  • Serial:
    • Motor Trend
    • Volume: 48
    • Issue Number: 6
    • Publisher: Petersen Publishing Company
    • ISSN: 0027-2094

Subject/Index Terms

Filing Info

  • Accession Number: 00724894
  • Record Type: Publication
  • Source Agency: National Highway Traffic Safety Administration
  • Report/Paper Numbers: HS-042 154
  • Files: HSL, USDOT
  • Created Date: Aug 16 1996 12:00AM