IRC: Amount Spent on Claims per Insured Vehicle Is on the Rise

Online Insurance News – Dec. 28, 2011

Auto insurance policyholders are filing more injury claims than in recent years, and the increased frequency is driving up insurer costs and has altered the previous trend of fewer claims being filed, but for greater dollar amounts, according to a new report.

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Our Reform Agenda

  1. Encourages fast and fair dispute settlements
  2. Supports adequate time for fraud investigations
  3. Institutes tougher penalties for insurance fraud
  4. Combats excessive medical charges