Insurance Overcharges Americans $150 Billion Annually
A Vanderbilt University Policy Accelerator report suggests Americans are overcharged by $150 billion a year for home, auto, and business insurance. The analysis shows insurers paid out 62 cents in claims for every $1 collected in premiums in 2024.
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Sources · 7 independent
WGN Radio 720
“A new report suggests Americans are being overcharged by $150 billion a year to ensure their homes, autos and businesses. The analysis by the Vanderbilt University Policy Accelerator shows insurers paid out 62 cents in claims for every $1 collected in premiums in 2024.”
WGN Radio 720
“every $1 collected in premiums in 2024. down from an average log.”
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