Friday 30 March 2012

Insurance Research & Trends: Friday, March 30, 2012

Insurance Research & Trends
March 30, 2012
Latest Research & Trends News

30% of Teen Drivers in Crashes Suffer Head Injuries: Study

Mar 30, 2012 -- Thirty percent of teens involved in serious car crashes suffer head injuries, including concussion, skull fractures and traumatic brain ...

Look Out Gecko and Flo, ‘Mayhem’ Man, QB and Professor Are Gaining On You!

Mar 29, 2012 -- The gecko, caveman and sales clerk Flo might want to check their retirement plans. Their brands are getting overshadowed by competition ...

Hospital Pay Incentives Not Improving Patient Outcomes: Study

Mar 29, 2012 -- A program to pay hospitals bonuses for hitting key performance measures, or dock them if they miss, failed to improve the health outcomes ...

Plan Now for Climate-related Disasters Warns U.N. Report

Mar 29, 2012 -- A future on Earth of more extreme weather and rising seas will require better planning for natural disasters to save lives and limit ...

Young Agents: What Are YOU Thinking? Exclusive Survey

Mar 28, 2012 -- Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. ...

Study: Access to Local Underwriters Critical for Small Commercial CSRs

Mar 23, 2012 -- At a time when many insurance carriers are centralizing their underwriting models and interacting more through technology, a recent survey ...

U.S. Intelligence Report Sees Global Water Conflict Risks Rising

Mar 23, 2012 -- Fresh water supplies are unlikely to keep up with global demand by 2040, increasing political instability, hobbling economic growth and ...

Calif. Commissioner Jones Gets 'D' From Insurance Industry

Mar 22, 2012 -- The insurance industry has mixed feelings about California Insurance Commissioner Dave Jones, assessing him as average or below average in ...

Texas’ 2011 Drought Costliest in State History, Researchers Say

Mar 22, 2012 -- Texas agriculture producers lost $7.62 billion to the state's 2011 drought, which experts said makes it the costliest drought in the ...

Legality of Employers Asking Job Applicants For Facebook Passwords Questioned

Mar 22, 2012 -- In their efforts to vet job applicants, some companies and government agencies are going beyond merely glancing at a person's social ...

Cargo Theft Reporting Improves, Says Insurers’ CargoNet

Mar 21, 2012 -- Reporting of cargo theft in the United states has improved thanks to data sharing by insurers, the transportation industry and law ...

Celent Survey Forecasts Insurers to Spend $140.6 Billion on Technology in 2012

Mar 21, 2012 -- Global information technology spending by insurance companies is expected to reach $140.6 billion in 2012, an increase of 6.3 percent over ...

Report: Risk for Corruption High in South Central States

Mar 20, 2012 -- Although none of the 50 U.S. state governments were found to be exemplary, three out of four of the South Central states received very ...

Cost Containment Tops Employer Concerns on Workers’ Comp: Survey

Mar 19, 2012 -- Controlling workers' compensation costs is a top priority for employers. During the next 12 months, employers say cost containment is their ...

California Workers’ Comp Premium Grows But Claim Severity Continues to Rise

Mar 15, 2012 -- An annual report from the Workers' Compensation Insurance Rating Bureau of California shows that for the second consecutive year ...

Whistleblowers Reaping Rewards in U.S. Mortgage Suits

Mar 15, 2012 -- Troubled homeowners are not the only ones set to get a financial lift from the U.S. government's $25 billion landmark mortgage settlement. ...

Securities Fraud Settlements in 2011 Were Lowest in Decade

Mar 14, 2012 -- Angry investors are seeing far fewer financial benefits from lawsuits accusing corporate America of securities fraud, but may be on the ...

‘Super Losses’ in Healthcare Sector Growing in U.S.: Hiscox

Mar 13, 2012 -- The overall cost and frequency of so called $50 million plus "super losses" in the U.S. healthcare insurance sector are on the rise. ...

Commercial Lines Prices Up for 4th Straight Quarter: Survey

Mar 12, 2012 -- Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which ...

Geneva Association Report: 2011 an ‘Annus Horribilis’ for Insurance Industry

Mar 9, 2012 -- The latest report from the Geneva Association , No. 5 in the current series - Extreme events and insurance: 2011 annus horribilis -, ...

Survey Finds Emerging Markets’ Growth in Auto Financial Services

Mar 8, 2012 -- A survey from London-based Finaccord found that in ten emerging economies, surging car sales have doubled the value of their automotive ...

Lawyer Claims Highest Known Workers’ Comp Settlement in California History

Mar 7, 2012 -- Attorney Christopher Asvar believes he has secured the highest known workers' compensation insurance settlement in California history, ...

7-Day Advance Hurricane Forecasts Not Far Away, Says Storm Center Chief

Mar 7, 2012 -- National Hurricane Center Director Bill Read said that science will improve to the point where forecasters can reliably issue forecasts ...

Study: California Cell Phone Restrictions Reduce Deaths

Mar 6, 2012 -- A study from the University of California, Berkeley says a nearly 4-year-old ban on drivers using hand-held cellphones is saving lives. The ...

Insurance Claims from Recent Tornadoes May Top $1B

Mar 5, 2012 -- March came in like a very large and powerful lion, spawning severe weather across the Midwest, interior south and southeast United States. ...

Workers’ Comp Surcharge Cost Burden to N.Y. Employers: Study

Mar 1, 2012 -- The assessment surcharge added to workers' compensation costs for New York employers is increasingly becoming a burden for businesses, ...

Driving on ‘High’-way: Many Teen Drivers Admit Having Driven After Pot

Mar 1, 2012 -- A surprisingly large number of U.S. teen drivers admit to having driven under the influence of marijuana, according to Liberty Mutual ...

Report: Arizona P/C Insurers See Premiums Written Fall and Losses Rise

Mar 1, 2012 -- A report on Arizona's property/casualty insurers issued on Thursday shows a drop in written premiums to $7.4 billion, and a large ...

5 Startup Businesses Agents Should Watch

Mar 1, 2012 -- It hasn't been the best of times for America's Main Street businesses. Often facing overwhelming competition from big box stores, many ...

Insurance Journal Co-Sponsors Study on Agents’ Views on Carriers

Mar 1, 2012 -- Channel Harvest Research, in partnership with Insurance Journal, has launched a major new study on the Independent Agency System, probing ...

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March 19, 2012

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