Report Says U.S. Insurance Industry Loses More than $16B in 2004 on Auto Premium Rating Error

September 6, 2005

  • September 6, 2005 at 12:18 pm
    Funkie says:
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    So what’s this guy selling?

  • September 6, 2005 at 2:12 am
    Joan says:
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    As a retirned Personal Lines Und. after 23 years of service, the only way to help correct this problem is for the Ins. Co’s to upgrade their computer systems to diary policy’s for when children in the household will reach driving age, spend money to do “Class Checks” to verify miles driven and members of the household. With all the downsizing that Ins. Co’s have done, very few Ins. Companies have any experienced Underwriters left that know how to deal with these “problems”.

  • September 7, 2005 at 3:47 am
    Sparrow says:
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    Of course they are selling something. Fro their web site:

    Quality Planning Corporation enables auto insurance companies to boost revenues and create a sustainable competitive advantage through statistically sound, validated rating integrity tools.

    We help our clients maximize revenues they derive from existing rating plans, and consequently enable our clients to charge a fair price to each of their customers, based on the true risk represented by each customer.

  • September 7, 2005 at 4:11 am
    i RULE says:
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    My heart bleeds for insurance companies.I’m an ex-auto uw and even though our rating system sucked we still made money. I think this article is an excuse for someone selling something or a scare tactic. I don’t buy this for one second and personally think this article is total BS.

  • September 12, 2005 at 8:02 am
    joseph says:
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    all they have to do have a better use of
    C.L.U.E REPORT will tell them all about the people in house and zipe code and all and all will stop the guys which are not
    telling the truth.



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