An auctioneer wouldn't price an ant...

An auctioneer wouldn't price an antique without knowing its age any more than a manufacturer would price a medicine without knowing the cost of disclosure But decision makers in the property/casualty insurance business oftentimes overlook the full extent of their sumptuousnesss when pricing policies and fall of the curtain up paying clearly.

Insuring to value has extended been accepted as a fundamental of entire and fair insurance pricing. Unfortunately, this fundamental of the business is frequently overlooked for short-term, illusory market-share goals.

In auto insurance, for example, carriers last year inspected $15.2 billion in premiums because of rating errors