Lawmakers say a fight between Nevada’s taxicab industry and Uber, the ride hailing company that operated in the state this fall before a court decision prompted it to shut down, could be the biggest transportation issue this session in the Nevada Legislature. Continue reading
A new study estimates that fraud and claim “build-up” add between $5.6 billion and $7.7 billion in excess payments to auto injury claims paid in the United States.
The excess payments represented between 13 percent and 17 percent of total payments under the five main private passenger auto injury coverages, according to the study from the Insurance Research Council (IRC) of 2012 claims data. Continue reading
The top five states in which a person was most likely to file an auto claim last year were all on the East Coast.
December had the lowest volume of all vehicle claims of any month.
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Most insurance companies like to reward good drivers. Let’s face it, being a good driver to an insurance company is like hitting the lottery; no at fault claims, just a nice monthly payment for them to bank… After all, car insurance is really just an insurance company taking a gamble on individuals driving skills. The carrier just hopes they don’t have to pay out big. Much like a Las Vegas casino tries to predict the over under in a football game… Continue reading
Insurance underwriting applies to almost every type of insurance. Underwriting is the process of classification, rating and selection of risks. The underwriter evaluates applications to determine the risk involved in deciding to accept, or reject, the application. If an application is accepted they then determine the appropriate premium. Continue reading
Insurance Journal, January 8, 2015
Vermont gets a grade of “A+” and California and … Continue reading
The connected car is with us for good. When I present to organizations or groups such as at this year’s IBIS symposium in Barcelona or the ICAR Conference in Detroit, I always clarify that up front. For me that is an important component when looking at the strategic landscape. Continue reading
A cancellation is the termination of a policy at a date other than its expiration date. Clients often call our office wondering why they are receiving a cancellation notice from the insurance company. Continue reading
