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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: RE: This is the tip of the Iceberg

Posted On: December 5, 2008, 12:32 pm CST
Posted By: nobody important
Comment:
God forbid that you would accuse underwriters of underpricing, over crediting and misclassifying accounts. Never happens. I find that many of the newer commercial underwriters are paper shufflers, not actual underwriters. I think that's true at many, if not all companies. They don't understand the coverages, exposures or pricing methods for commerical underwriting. We don't train that well any more. Hire them and put them into production.
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
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