| 1. | Auto Insurance Fraud: Is There a Solution?
Aug 5, 2013 -- Industry estimates put personal auto insurance fraud at about 10 percent of paid losses and loss adjustment expenses a year. That equates to roughly $13.3 billion in 2011 alone. And the overall trends don't appear good. ...
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| 2. | 60% of Direct Buyers Eventually Return to Independent Agents: Study
Aug 6, 2013 -- Most customers who are lured away from independent agents by direct insurers promising lower prices will ultimately return to an independent agent. According to a recent study commissioned by The Hanover Insurance ...
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| 3. | Progressive Finds 40% of Drivers Say ‘No Way’ to Driver Tracking Product
Aug 9, 2013 -- Progressive Corp., the fourth-largest U.S. auto insurer, is searching for the right message to attract customers to a product that tracks a person's driving to set rates, Chief Executive Officer Glenn Renwick said. ...
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| 4. | Small Cars Are Big Losers in Safety Crash Tests
Aug 8, 2013 -- The auto industry continued its poor performance in an influential U.S. safety group's new crash test as half of the small cars tested did not fare well. Six of the cars tested, most of which were 2013 models, were ...
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| 5. | Downgraded Meadowbrook Signs Deal with State National for ‘A’- Rated Policies
Aug 5, 2013 -- After A.M. Best downgraded the financial strength ratings of the insurance operations of Meadowbrook Insurance Group on Friday, the insurer announced on Monday that it has entered into an agreement with State National ...
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| 6. | Suit: Philadelphia Contractor Had Invalid Insurance
Aug 8, 2013 -- An insurer says a contractor being sued by people injured in a Philadelphia building collapse that killed six others had an invalid insurance policy. The Philadelphia Inquirer reports that Berkley Assurance Co. of Iowa ...
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| 7. | Washington Nationals Sue Crime Insurer Over Player's Lie About Age
Aug 7, 2013 -- Major League Baseball's Washington Nationals sued an insurance company for $1 million for declining to provide crime insurance coverage for an alleged fraud scheme involving a team executive linked to the signing of a ...
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| 8. | Lloyd's Comments on Record Cannes Jewelry Heist
Aug 6, 2013 -- An article on the Lloyd's of London website notes that the value of diamonds stolen in an armed robbery in Cannes on July 28 "has been estimated at nearly £90 million [€100 million, $133 million], making it one ...
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| 9. | Doctors’ Fear of Lawsuits Trumps State Malpractice Tort Reforms
Aug 7, 2013 -- Medicare patients receive more diagnostic tests and emergency department referrals when treated by physicians who worry more about malpractice liability, regardless of whether states have adopted common malpractice tort ...
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| 10. | Liberty Mutual Q2 Net Income More Than Triples to $448M
Aug 8, 2013 -- Liberty Mutual Holding Co. Inc. posted $448 million net income for its 2013 second quarter, a 222 percent jump from $139 million net income posted during the same quarter last year. The company benefited from lower ...
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