Originally Posted by: chucklivesoninmyheartHe also insisted that a multi-million dollar insurance company simply could not have faulty statistics/parameters to calculate the rates provided to their clients....

False.
Nearly every insurance company uses a certain score relating to paying off loans. I don't think it's your credit score, but something similar. So someone who's borrowed money gets a lower rate than someone who hasn't, regardless of their income. So for instance a person who makes $800,000 a year prolly doesn't need to borrow money, so that score is zero...making them a supposed higher risk, while someone in middle income gets lower rates.