FTC Study Confirms That Credit-Based Insurance Scores Mean African Americans and Hispanics Pay More for Auto Coverage (PR Newswire via Yahoo! News)
A study released today by the Federal Trade Commission confirms that African American and Hispanic drivers pay more for auto insurance because insurers use credit scores to determine premiums. The use of credit scores in insurance has long been a controversial practice because of its discriminatory impact on low income and minority families.

2:25 p.m. - Sen. Pangelinan introduces bill to protect victims of auto-related accidents (Pacific Daily News)
2:25 p.m., July 24 - Sen. Vicente Pangelinan has introduced a bill that seeks to protect victims of auto-related accidents where the party at fault does not have auto insurance.

State Auto Financial 2Q Profit Surges (AP via Yahoo! Finance)
State Auto Financial Corp. on Tuesday said second-quarter profit skyrocketed as policy loss rates dropped, but the results did not meet Wall Street estimates and the insurance company's stock hit a 52-week low.