Research and Trends News

Young Male, Female Drivers Differ in Types of Crashes: Study

Young female drivers have more crashes at intersections and collisions with pedestrians than do young male drivers, who have more off-road and nighttime accidents than young female drivers. Gender is often related to what type of severe or fatal crash …

Third-Party Bad Faith Claims Add $800M to Florida Auto Insurance Costs: IRC

Florida’s third-party bad-faith lawsuit environment may have resulted in more than $800 million in additional auto liability claim payments in 2013. The industry-supported Insurance Research Council (IRC) in a new report estimates that this cost averages approximately $79 in additional …

Employment Growth Leads to Workers’ Comp Benefit, Cost Uptick

Workers’ compensation benefits rose by 1.3 percent to $61.9 billion in 2012, while employer costs rose by 6.9 percent to $83.2 billion, according to a report released today by the National Academy of Social Insurance (the Academy). This growth in …

Commentary: Hopeful Outlook for Workers’ Comp

As we pass the halfway point of 2014, the National Council on Compensation Insurance (NCCI) is relatively optimistic about the outlook for the workers’ compensation market in America. Industry costs remain largely contained. There is a reasonable expectation of some …

Agent Survey: Not All Carrier Training Is Created Equal

Independent agents say product training (used by 50 percent) and technology systems training (used by 41 percent) were the most common types of insurance carrier-provided training they attended last year. However, when the subject turned to the types of training …

Digital Beats TV and Humans Still Matter in ‘Top-of-Mind’ Insurance Advertising

Insurance companies that spend their advertising dollars on digital ads can increase their brand awareness far more than they can with television. A study by the digital advertising services firm Rocket Fuel says digital advertising is nine times more effective …

Early Use of MRI for Lower Back Pain Found Unnecessary, Costly

Early use of Magnetic Resonance Imaging (MRI) to diagnose work-related lower back pain often leads to higher medical costs, unnecessary medical procedures and prolonged disability, according to new medical research. Claims in which MRI was used either within the first …

Top 10 Stolen Cars of 2013

Honda Accord and Civic top the list of the most stolen cars in the country. The National Insurance Crime Bureau (NICB)’s annual “Hot Wheels” report examines vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) …

Mobile Game Apps Moving Into Medication Management

A group of ex-gaming industry executives say they can use their design chops to solve a major health challenge: Sick patients neglecting to take their medication and costing employers and insurance providers billions of dollars. Jason Oberfest began thinking about …

How Much Credit Score Effect on Home Insurance Premiums Varies by State

Homeowners with poor credit pay 91 percent more for homeowners’ insurance than people with excellent credit, according to a study by an online insurance shopping service. The report by insuranceQuotes.com also found that homeowners with median credit pay 29 percent …