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If Auto Injury Claims Frequency Is Falling, Why Are Claims Costs Rising?
Auto insurance bodily injury claims costs are still increasing in the United States, even though better vehicle safety has helped reduce claims frequency, according to the Insurance Research Council (IRC). The insurance organization said improved vehicle safety, graduated licensing laws …
Cyber & Reputation Risks Top List of CEO, Risk Manager Concerns: Marsh Survey
Cyber and IT-related risks top the list of what keeps CEOs and risk managers awake at night, according to the 2015 International Business Resiliency Survey, conducted by Marsh and Disaster Recovery Institute International (DRII)*. “Cyber and other IT-related risks are …
California Bill Requiring Earthquake Reports on Water Infrastructure Signed
California Gov. Jerry Brown on Friday signed into law a plan to require regional water-management officials to report the vulnerability of their water systems to an earthquake. Senate Bill 664, authored by Sen. Bob Hertzberg, D-Van Nuys, addresses Urban Water …
After 97 Fire Deaths this Year, Ohio Launches Safety Campaign
Ohio has launched a campaign to promote fire safety as cooler temperatures prompt more use of heat sources that can lead to blazes. The state says fires have killed 97 people in Ohio so far in 2015. That’s 12 more …
New Car Safety Features Can Be ‘Turn-Off’ for Confused Drivers
Many Americans buying new cars these days are baffled by a torrent of new safety technology. Some features will automatically turn a car back into its lane if it begins to drift, or hit the brakes if sensors detect that …
Willis Aims to ‘Shake Up’ UK Employee Benefits Market with PMI Health Acquisition
Willis Group Holdings plc announced the completion of its acquisition of PMI Health Group (PMIHG), a leading independent healthcare adviser and broker in the UK. PMIHG will operate as Willis PMI Group while the business integrates with Willis Employee Benefits …
A Guide to New Car Safety Technologies
With automakers offering an increasing array of safety technologies, drivers sometimes find themselves struggling to stay up to speed with the systems in their cars. Some of the devices have been around a decade or more but have only become …
Lyft to Open Customer Experience Operations in Nashville
A San Francisco-based rideshare service is investing more than $5 million to locate its new operations in Nashville and create 380 jobs in Davidson County. Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd announced this week that …
Current El Nino Strengthening But Its Ranking Will Have to Wait
The El Nino raising temperatures across the Pacific and roiling global weather patterns is poised to make the record books, but anyone who tells you which position it will take could be much mistaken. The best tool for measuring the …
Waiting List for Insurers to Get Seats on Lloyd’s Underwriting Floor Hits Record
The waiting list for an insurer to get a spot on the underwriting floor of Lloyd’s of London is the longest in its 327-year history, indicating record demand for access to the market. Lloyd’s has requests for about 160 so-called …