PAYD FAIL

California has finally begun to encourage insurance companies to offer "pay as you drive" (PAYD) insurance policies. The Natural Resources Defense Council says it's a half baked policy.
October 21, 2009, 7am PDT | Alek Miller
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"One might think that a state with a green reputation such as California would be a leader in bringing PAYD policies to its car drivers. However, the new rules have come under fire from environmentalists who say the rules don't go far enough to bring about the changes that California's more green-minded drivers need.

Justin Horner, a policy analyst for the National Resources Defense Council, said in a release today, 'Our auto insurance policies are sorely behind the times. No one should be fooled. The new regulations proposed today cannot be characterized as green. They are nowhere close to what is needed to help the environment or reduce global warming pollution.'"

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Published on Monday, October 19, 2009 in Streetsblog Los Angeles
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