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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 ...
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| 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 | ||
Subject: Premium Leakage Is Real
I must admit...I am not sure of the correctness of these numbers however no one can truly refute that premium leakage does exist. Finding a solution to that issue can help tremendously not only by adding additional premium revenue but also by helping a company avoid overall rate increases (the very definition of insurance…spreading the risk proportionally among members of a group - insureds).