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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