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... insurance industry are often too quick to settle cases and claims. Richard Brown, District Attorney, Queens County, N.Y., noted that auto ... in this process of staging accidents and submitting bogus claims are going to continue." According to Brown, recent success in ...
... to be battered by unrestrained jury awards, surging asbestos claims, soaring medical inflation, high catastrophe losses, the crisis in ...
... disaster in history.聽 Profits: The Key to Rebuilding Claims Paying Capacity and Reinvestment in the Industry Increased ... the industry鈥檚 policyholder鈥檚 surplus鈥攁 key measure of claims paying capacity or capital鈥攁nd provide an additional buffer against ...
... who impose the least costs (i.e., file the fewest claims) to those who impose the most are reduced. Tiered pricing also reduces ...
... coverage will cost. A higher deductible can also mean fewer claims, another important factor in the cost of coverage. Ironically, ...
... parts of the country. Insurers received nearly 674,000 claims for vehicles that were damaged or destroyed by last year's storms. Those claims occurred across a wide swath of southern states and cost insurers some ...
... the European insurance industry could potentially see claims of up to $100 million on the aircraft's "hull" coverage. Additional liability claims for the medical expenses of those injured in the accident may also be ...
... resilience over the past year was its rebound in claims paying capacity (as measured by policyholders鈥 surplus). ... guarantee is that insurers will continue to face losses from claims that are as large as or larger than in the past. The bottom line, ... underwriting performance through increased rates, lower claims costs, lower expenses or some combination of the three. ...
... you pay for auto insurance depends on several factors: prior claims; driving record, including speeding and other traffic citations in ...
... strong, well capitalized, and well prepared to pay future claims.鈥澛犅犅 聽 鈥淭he net gain on underwriting for the first ... and updated estimates for the ultimate cost of old claims from prior accident years, insurers released $5.6 billion from reserves ...