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 NewYork state will see a rate reduction of 6 percent on their policiesin 2005, the company said, a move the state's regulator called a"fraud-fighting" dividend.[@@]

The move came after New York's Superintendent of InsuranceGregory Serio met last month with a group of insurers to discussrate reductions in light of reduced losses resulting from stateinsurance regulatory reforms targeting fraud.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.