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Should Insurers Put Brakes On Elderly Drivers?

NEW YORK--As the percentage of elderly in the U.S. population continues to bulge, insurers may wish to provide large-type policies for older motorists and test them to see if they still have the abilit

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NEW YORK–As the percentage of elderly in the U.S. population continues to bulge, insurers may wish to provide large-type policies for older motorists and test them to see if they still have the ability to drive, an economist suggested.

Those were just a few of the points raised by Steven Weisbart, Insurance Information Institute vice president and chief economist, in a talk here last Thursday on “The Effect of the Aging Population on the Property-Casualty Insurance Industry.”

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