Report: Auto Policy Fibs Cost Insurers $13.7 Billion

NU Online News Service, May 6, 12:15 p.m.EDT?Motorist fibbing, fraud and omitted data on policiescreate rating errors that cost auto insurers $13.7 billion a year,according to a firm that helps carriers identify premiumleakage.

The estimate came from Quality Planning Corp. in San Francisco,which said its information was based on premium audit reviews ofover 13 million private passenger auto policies from 10carriers.

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