SAN FRANCISCO, Oct. 3 /PRNewswire/ -- Quality Planning Corporation (QPC), the rating integrity solutions company, today released its annual Premium Rating Error report, showing premium rating errors remain a drag on auto insurer profitability. QPC estimates $16.2 billion of premium revenues were foregone in 2005 by insurers that use inaccurate rating information to calculate premiums.Dr. Daniel Finnegan, founder and president of QPC, noted, "For the average auto insurer, each percent of rating error loss translates into a 20 percent reduction in profitability.....
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Car Insurance News: Auto Premium Rating Error Cost U.S. Auto Insurers More Than $16 Billion In 2005...Get an auto insurance quote!