Gursten on why the city’s soaring auto insurance rates are a hindrance to economic development
Attorney Steven Gursten was featured in a Bloomberg News story on Detroit’s high auto insurance rates and how they’re affecting the city economically. Gursten told Bloomberg that the cost of insurance is a civil rights issue in Detroit, as insurers gouge Detroiters by labeling them high-risk motorists. In addition, insurers aren’t required by the state to reveal their profit margins.
You can read the full Bloomberg story here, “Detroit’s Soaring Car Insurance Costs Add Roadblock to Bankruptcy Comeback.”
January 14, 2015