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."
Mr. Weisbart's study of the impacts and issues that could surface as the baby boom generation moves into its retirement years was delivered to the Nineteenth Annual Executive Conference for the Property-Casualty Industry, put on by the National Underwriter Company and additional sponsors.
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