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Too many small-business decision-makers appear to be spending money on workers' compensation insurance coverage without understanding how workers' compensation insurance works, what they get for their premium payments, or why they continue coverage with a particular carrier, according to a recent national survey conducted by a leading workers' compensation carrier. (Posted: 5/7/2008)
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. (Posted: 4/29/2008)
A first-of-its-kind national report reveals that 15.1 percent of the nation’s drivers age 18 and older drove under the influence of alcohol at least once in the past year. (Posted: 4/29/2008)
Medical Liability Insurers Express Short-term Optimism, Long-term Concern for Competitive Pressures
U.S. medical professional liability insurers anticipate their primary rate levels to decrease in 2008 when compared to 2007, while the average frequency and severity of claims sustained by their firms will remain about the same as last year, according to a survey of medical liability insurance executives conducted by reinsurance broker Collins. (Posted: 4/29/2008)
Chubb Survey Finds Smaller Companies are More Likely to Experience a Loss Overseas
As businesses continue to grow their foreign operations, small- to mid-size companies are more likely to experience a loss to corporate assets outside the United States or Canada than larger companies, according to Chubb's 2008 “Multinational Risk Survey.” (Posted: 4/29/2008)
Survey: Washington, Oregon on Shaky Ground
The revised earthquake hazard maps released this week by the U.S. Geological Survey provide greater understanding of the seismically active areas of the country, particularly the Pacific Northwest, while also highlighting the need for property owners to consider purchasing earthquake coverage. (Posted: 4/25/2008)
New Study Ranks Best, Worst State Lawsuit Climates
Senior attorneys at America’s largest employers say state court liability systems have steadily improved over the last several years, but fewer than half of them rate the state courts as “excellent” or “pretty good.” (Posted: 4/23/2008)
Report: 2008 Tropical Forecast Calls for Active Atlantic Season
WSI Corporation issued a regularly-scheduled update to their 2008 Atlantic tropical season forecast April 15. The 2008 forecast now calls for 14 named storms, eight hurricanes, and four intense hurricanes (Category 3 or greater). (Posted: 4/23/2008)
Modesto, Calif., Regains Nation’s Top Spot for Vehicle Thefts
The National Insurance Crime Bureau reported April 22 that the Modesto, Calif., metropolitan statistical area (MSA) had the highest per capita rate for vehicle thefts in the nation in 2007. (Posted: 4/22/2008)
80 Percent of Americans Say They are Concerned about Identity Theft
Bankrate, Inc. released the findings of a national poll that found that eight out of 10 Americans are concerned about their identity being stolen. (Posted: 4/22/2008)
New Research Center Targets Natural Disaster Property Losses (4/21/2008)
Property/Casualty Claim Officers Cite Competitive Pressures as Biggest Challenge in 2008 (4/17/2008)
A.M. Best Special Report: Tornado Losses Approach Those of Hurricanes (4/11/2008)
AAA Analysis Finds Teen Crashes Cost Society More Than $34 Billion Annually (4/9/2008)
Hurricane Forecast Team Predicts Well Above-average Season (4/9/2008)
First Quarter RIMS Benchmark Survey™ Results Show Soft Market Gaining Momentum, NAMIC Comments (4/7/2008)
U.S. Geological Survey Map Tracks Flood Conditions (4/7/2008)
Report: U.S. Economic Problems Should Have Muted Impact on Property/Casualty Insurers (4/2/2008)
Report: Losses Resulting from Mortgage Fraud in the U.S. Will Reach $2.5 Billion in 2008 (3/31/2008)
Independent Agency Carriers See Gains in Real-Time Transactions, Industry Campaign Reports (3/27/2008)
The Hayward Fault: America’s Most Dangerous? (3/25/2008)
Report: Climate Change Greatest Strategic Risk to Insurance Industry (3/13/2008)
2008 State-by-state Rankings Released of the Best and Worst Tort Systems in America (3/12/2008)
Study: Catastrophe Losses Were Highest in Europe During 2007 (3/12/2008)
New Research Shows Car Crash Deaths Increase Starting at Age 12 (3/11/2008)
Hit-and-run Accidents Can Hit Insured Drivers by Surprise (3/7/2008)
Carnegie Mellon Study Shows Listening to Cell Phones Significantly Impairs Drivers (3/6/2008)
Cyber Risks Could Be Next Trigger for Director Lawsuits (3/6/2008)
Crashes + Congestion = $164 Billion a Year (3/6/2008)
New Study Reveals How to Gain Competitive Advantage (3/6/2008)
A.M. Best: Reinsurance Sector Stable (2/28/2008)
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