November 05, 1989 • Page Image 1
…I I o er In urance tudy reveals exce profit By SHElLEY DeLUCA Capillll News Service LANSI G - Michigan in surance companies are overes- imating their losses and not being efficient in their ad ministrative costs, claims the author of a preliminary tudyon po ential uto rate reductions in the state. "The report identifies where rate reductions can be made ba ed on what profit the in surance companies should be making, " ai...…