Auto Claims Drop on Gas Hikes

Hemenway, Chad
July 2008
Best's Review;Jul2008, Vol. 109 Issue 3, p14
Trade Publication
The article reports on the declining frequency of claims on the automobile insurance sector in the U.S. American drivers drove 11 million miles less in March 2008 depicting a drop of 4.3%, which is considered to be the sharpest yearly decline for any month compared to the driving distances in March 2007 as stated by the Federal Highway Administration. It also notes that drivers are driving less due to the soaring gas prices and economic factors in the global market.


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