Tag Archives: policies

Report: Insurance Industry Overcharges, Underpays Customers

A report released Thursday by a consumer activist group accuses the insurance industry of overcharging policyholders and undercutting payments on claims. The report, released by the Consumer Federation of America, says that record profits for insurers can be traced to a systematic strategy of raising premiums, reducing coverage and underpaying claims. Virginia multi-state Lawyer Doug…

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