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Article: To slow the rising cost of auto insurance. (column)
- Article from:
- National Underwriter Property & Casualty-Risk & Benefits Management
- Article date:
- January 9, 1989
- Author:
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Copyright informationCOPYRIGHT 1989 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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To Slow The Rising Cost Of Auto Insurance
Stacking uninsured and underinsured motorist auto insurance coverages is not a new problem for insurers, but as the costs of the coverages continue to climb, some new solutions are imperative. If we don't solve the stacking and related expansion of coverage problems, the insurance industry may be forced to develop and advocate new, more limited coverage provisions to compensate injured persons.
When insurance policyholders are allowed to stack UM or UIM coverages following an accident, they are receiving coverage for which they did not pay. This makes it difficult for insurers to evaluate potential loss costs in ...