N.Y. MetLife Auto Customers See Fraud Dividend
NU Online News Service, Dec. 23, 11:46 a.m. EST--Metlife Auto & Home auto policyholders in New York state will see a rate reduction of 6 percent on their policies in 2005, the company said, a move the state's regulator called a "fraud-fighting" dividend.[@@]
The move came after New York's Superintendent of Insurance Gregory Serio met last month with a group of insurers to discuss rate reductions in light of reduced losses resulting from state insurance regulatory reforms targeting fraud.
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