The IIHS (Insurance Institute for Highway Safety) is funded by auto insurance companies. They are the leading advocates for the installments of red light cameras. According to studies, their profits for the company rise when higher auto insurance premiums are issued due to traffic violations from red light cameras. Although on another side of the argument, red light cameras are preventing more car accidents therefore decreasing some auto insurance companies revenue. Then again, studies show that because of the cameras, more elderly are getting killed/injured from other motorists stopping too quickly, therefore increasing profits for insurance companies.
Picture:
http://www.carinquotes.com/wp-content/uploads/2010/04/insurance_logos.jpg
Link:
http://www.iihs.org/
Source:Red-light Cameras Increase Crashes, Florida Researchers Find."
Science Daily: News & Articles in Science, Health, Environment & Technology. Science Daily, 11 Mar. 2008. Web. 09 Dec. 2011. <http://www.sciencedaily.com/releases/2008/03/080311151159.htm>.
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