Sunday, February 25, 2007

Auto Insurance Fraud Reduction Leads To Lower Premiums

Auto Insurance Fraud Reduction Leads To Lower Premiums - News: "Efforts to reduce auto insurance fraud seem to be working in western Massachusetts cities.

Insurance premiums in Springfield fell 17 percent this year, compared to 2006. Premiums fell 14 percent in Holyoke, and 8 percent in West Springfield.

Statewide, premiums are down nearly 12 percent. Savings go into effect for many drivers in the spring.

The Republican newspaper reported that the crackdown began in 2004. Insurers, local police departments, and district attorneys are working together in the campaign.

Among their tactics is a $5,000 reward for tipsters who report fraud."

No comments: