Home > Talkback
National News

Viewing comments for:

Premium Rating Errors Cost Auto Insurers $16 Billion, Report Claims

National News • December 4, 2008
Premium rating errors by insurance companies resulted in the loss of $16.1 billion of auto insurance premium revenues in 2007, slightly down from the 2006 figure of $16.6 billion — but still ...

Insurance Journal is not responsible for the content of the message below.

Subject: Do the math

Posted On: December 4, 2008, 3:35 pm CST
Posted By: George Washington
Comment:
If I am reading this right, this would be an average of $1,142 per policy. LOT OF LEAKAGE. The premium per policy is probably pretty accurate; it's the underwriting/investigation of the true risk that is at issue. If the true risk was on the application chances are the client would not purchase the coverage and therefore the policy would not be included in these numbers.
Subject Posted By Posted On
RE: RE: This is the tip of the Iceberg Richard McDonald
Dec 9, 2008, 4:04 pm
RE: This is the tip of the Iceberg nobody important
Dec 5, 2008, 12:32 pm
This is the tip of the Iceberg Rich McDonald
Dec 5, 2008, 12:07 pm
RE: Premium Leakage Is Real nobody important
Dec 5, 2008, 12:06 pm
Premium Leakage Is Real Agreed
Dec 5, 2008, 11:38 am
This is not 'news', this is marketing... another guy named Rick
Dec 5, 2008, 8:56 am
Math Direct Writers
Dec 5, 2008, 8:33 am
RE: RE: Premium Anon
Dec 5, 2008, 8:28 am
RE: Premium Betsy Ross
Dec 5, 2008, 7:43 am
Do the math George Washington
Dec 4, 2008, 3:35 pm
Premium " Leakage" Jay
Dec 4, 2008, 12:44 pm
Back to article

Post a Comment

.