Home | Business News | Browse by Publication | T | Trial

Insurers continue to overcharge, underpay policyholders, study finds.

Publication: Trial
Publication Date: 01-APR-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
During 2007, property and casualty insurers continued a trend of charging too much for premiums and underpaying claims, leading to an overcharge of about $870 per U.S. household over the last four years, according to a recent study written by the Consumer Federation of America and released in conjunction with a variety of consumer organizations.

J. Robert Hunter, the study's author, is director of insurance for the Consumer Federation of America and a former Texas insurance commissioner. Examining data from as early as 1980, Hunter found that excessively high premiums have resulted in higher profits for the companies--by the end of 2006, insurers had reaped record profits in three consecutive years--and lowered the value of...

Access Full Article, Compliments of Goliath

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Trial
Public Citizen seeks 'black-box' warning for popular antibiotics., April 01, 2008

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.