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.

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