Dr. Fred Lazar and Dr. Eli Prisman have updated the 2013 report to include data for 2014. The update found that consumers likely overpaid by $1.5 billion in the last two years alone. This includes overpayments of $700 million (or about $100 for each insurance policy) in 2014 on top of the $840 million in 2013. In addition to overpaying for insurance, the report concluded that the total industrywide profits in 2014 alone were 10.6 per cent – or nearly twice the levels considered reasonable. To read more about auto insurance and to download a copy of the report, click the “Download The Report” icon on the right side of this page.
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FAIR – supporting auto accident victims through advocacy and education
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FAIR – supporting auto accident victims through advocacy and education
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FAIR – supporting auto accident victims through advocacy and education