Escort Radar Forum  

Go Back   Escort Radar Forum > News > News Articles

Notices

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 4 Weeks Ago
flylow7f39 flylow7f39 is offline
Moderator
 
Join Date: Nov 2010
Posts: 3,262
Default Insurance Companies Make $1000 For Each Speed Camera Ticket

Full article at http://www.thenewspaper.com/news/67/6712.asp

California red light camera tickets boosted insurance industry profit by $1.5 billion over five years.

"Neither the cities that have traffic cameras nor the private companies that operate them are the biggest financial beneficiaries of photo enforcement. In states like Arizona and California where automated citations carry points against the recipient's driver's license, insurance companies are generating four times more revenue from photo tickets than California and Arizona cities."

~

"The amount of revenue being generated is substantial. Last year, Scottsdale, Arizona's speed camera vendor issued 41,961 tickets worth $43 million in profit to the insurance industry. Using figures from the California Judicial Council obtained by HighwayRobbery.net, 1,510,705 red light camera tickets were issued statewide between 2013 and 2017. That represents $1.5 billion in added profit to AAA, State Farm, Geico, Allstate, Progressive and other insurance firms over five years. That is a far more significant take than the $740,245,450 split between the camera companies and local governments over the same period."
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 10:37 AM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright 2018 Escort Inc.