Insurance Journal » Research and Trends http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 22 Aug 2014 05:38:26 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Digital Beats TV and Humans Still Matter in ‘Top-of-Mind’ Insurance Advertising http://www.insurancejournal.com/news/national/2014/08/21/338286.htm Thu, 21 Aug 2014 15:07:35 +0000 http://www.insurancejournal.com/?p=338286 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 …

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Early Use of MRI for Lower Back Pain Found Unnecessary, Costly http://www.insurancejournal.com/news/national/2014/08/20/338196.htm Wed, 20 Aug 2014 18:42:21 +0000 http://www.insurancejournal.com/?p=338196 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 …

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Top 10 Stolen Cars of 2013 http://www.insurancejournal.com/news/national/2014/08/18/337738.htm Mon, 18 Aug 2014 13:48:57 +0000 http://www.insurancejournal.com/?p=337738 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) …

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Mobile Game Apps Moving Into Medication Management http://www.insurancejournal.com/news/national/2014/08/15/337620.htm Fri, 15 Aug 2014 12:51:52 +0000 http://www.insurancejournal.com/?p=337620 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 …

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How Much Credit Score Effect on Home Insurance Premiums Varies by State http://www.insurancejournal.com/news/national/2014/08/14/337527.htm Thu, 14 Aug 2014 13:23:22 +0000 http://www.insurancejournal.com/?p=337527 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 …

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IRC: Uninsured Motorists a Perplexing, Pervasive Concern http://www.insurancejournal.com/news/national/2014/08/12/337407.htm Tue, 12 Aug 2014 23:28:47 +0000 http://www.insurancejournal.com/?p=337407 A new report shows there hasn’t been much ground gained in the battle to reduce the number of uninsured motorists on the road, and there’s nowhere experts can point their fingers as an explanation of the pervasive problem. From a …

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South Carolina Reports Rise in Insurance Fraud http://www.insurancejournal.com/news/southeast/2014/08/12/337345.htm Tue, 12 Aug 2014 14:23:30 +0000 http://www.insurancejournal.com/?p=337345 Insurance fraud complaints in South Carolina have reached an all-time high with more than 1,200 pouring in last year, according to a report by Attorney General Alan Wilson. The annual report from his office’s Insurance Fraud Division noted attorneys prosecuted …

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The Promise of Telemedicine to Pare Health Costs http://www.insurancejournal.com/news/national/2014/08/12/337343.htm Tue, 12 Aug 2014 13:40:24 +0000 http://www.insurancejournal.com/?p=337343 Telemedicine could potentially deliver more than $6 billion a year in health care savings to U.S. companies, but only if the technology is widely-adopted. According to analysis by global professional services company Towers Watson, achieving this level of savings would …

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Small Businesses to Commercial Insurers: ‘You’ve Lost That Loving Feeling’ http://www.insurancejournal.com/news/national/2014/08/11/337233.htm Mon, 11 Aug 2014 12:36:29 +0000 http://www.insurancejournal.com/?p=337233 Insurers writing predominantly personal lines of insurance do a better job in satisfying their small business customers than insurers focused more on commercial lines, a new survey contends. According to the J.D. Power 2014 U.S. Small Business Commercial Insurance Study …

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FSU Professor Links Tornado Strength, Frequency to Climate Change http://www.insurancejournal.com/news/national/2014/08/07/337018.htm Thu, 07 Aug 2014 14:19:50 +0000 http://www.insurancejournal.com/?p=337018 New research by a Florida State University geography professor shows that climate change may be playing a key role in the strength and frequency of tornadoes hitting the United States. Published this week in the journal Climate Dynamics, the study …

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Nuisance Flooding Rising Problem for U.S. Cities: NOAA http://www.insurancejournal.com/news/national/2014/08/07/337009.htm Thu, 07 Aug 2014 14:11:50 +0000 http://www.insurancejournal.com/?p=337009 Residents and officials in major U.S. cities know it doesn’t take a fierce storm or menacing hurricane to cause flooding as they increasingly have to deal with so-called “nuisance flooding” caused by rising sea levels. Eight of the top 10 …

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Teens Say Parents Ignore Pleas to Stop Texting, Driving Under Influence http://www.insurancejournal.com/news/national/2014/08/07/337004.htm Thu, 07 Aug 2014 12:40:42 +0000 http://www.insurancejournal.com/?p=337004 U.S. parents often ignore warnings from their teenage children by driving while texting or under the influence of marijuana, according to a survey released today by Liberty Mutual Holding Co. Forty-two percent of teen passengers said they have asked parents …

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U.S., Rockefeller $100M Fund Promotes Natural Disaster Mitigation, Insurance for Poor http://www.insurancejournal.com/news/national/2014/08/06/336892.htm Wed, 06 Aug 2014 12:22:44 +0000 http://www.insurancejournal.com/?p=336892 The U.S. Agency for International Development and the Rockefeller Foundation are starting a $100 million project to prepare vulnerable communities for climate- caused humanitarian disasters before they happen. The initiative, which will start in Africa’s Sahel region and was announced …

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Soft P/C Market Flattens Independent Agencies’ Organic Growth in Q2: Reagan Consulting http://www.insurancejournal.com/news/national/2014/08/05/336808.htm Tue, 05 Aug 2014 15:55:26 +0000 http://www.insurancejournal.com/?p=336808 Independent insurance agents and brokers reported median organic growth of 5.8 percent for the second quarter of 2014, a weakening from 6.2 percent for the first quarter of 2014 and 6.9 percent for the second quarter of 2013, according to …

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Baton Rouge-Area Among Top Gainers for New Construction Jobs http://www.insurancejournal.com/news/southcentral/2014/08/01/336540.htm Fri, 01 Aug 2014 16:30:35 +0000 http://www.insurancejournal.com/?p=336540 Large amounts of construction in the Baton Rouge, La.-area has led the region to be named among the top gainers in the nation for new construction jobs. NOLA.com/The Times-Picayune reports the recognition was announced on July 30 in a report …

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Last Chance to Participate: Take the Market & Financial Survey Now http://www.insurancejournal.com/news/national/2014/07/30/336187.htm Wed, 30 Jul 2014 16:37:11 +0000 http://www.insurancejournal.com/?p=336187 How are agencies targeting new business today? Will historical growth rates be sustainable? And just how much do agencies need to reinvest to achieve desired growth and enable perpetuation? These are some of the questions that a new industry survey …

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Obesity Linked to Increased Fatigue in the Workplace http://www.insurancejournal.com/news/national/2014/07/29/335998.htm Tue, 29 Jul 2014 12:20:50 +0000 http://www.insurancejournal.com/?p=335998 U.S. workplaces may need to consider innovative methods to prevent fatigue from developing in employees who are obese. Based on results from a study published in the Journal of Occupational and Environmental Hygiene (JOEH), workers who are obese may have …

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Primary-Enforced Texting Laws Save Drivers’ Lives: University Research http://www.insurancejournal.com/news/national/2014/07/28/335909.htm Mon, 28 Jul 2014 14:52:18 +0000 http://www.insurancejournal.com/?p=335909 New research appears to confirm that laws against texting while driving do reduce traffic fatalities if they are primary enforcement laws. Primary texting bans are associated with a three percent reduction in traffic fatalities among all age groups, which is …

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Survey: Michigan Business Owners Optimistic About Future http://www.insurancejournal.com/news/midwest/2014/07/25/335825.htm Fri, 25 Jul 2014 16:37:12 +0000 http://www.insurancejournal.com/?p=335825 Owners of Michigan’s small and medium-size businesses have voiced their confidence in Michigan’s economic future in the latest Future Business Index, published in partnership with the Michigan Business Network and Lansing, Mich.-based Accident Fund Insurance Company of America, the insurer announced. The optimism of …

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Insurers Overemphasizing Digital Service Risk Alienating Customers: Bain http://www.insurancejournal.com/news/national/2014/07/24/335535.htm Thu, 24 Jul 2014 09:00:37 +0000 http://www.insurancejournal.com/?p=335535 Global top performers in the high-churn personal insurance industry win over customers with consistent outreach that relies on multiple channels for customers to connect including phone, internet or face-to-face.  However, insurers that overemphasize digital channels at the expense of traditional …

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1 in 4 Young Adults Don’t Leave Home; Trend Expected to Rise http://www.insurancejournal.com/news/national/2014/07/24/335044.htm Thu, 24 Jul 2014 09:00:06 +0000 http://www.insurancejournal.com/?p=335044 The share of young adults living with parents or other family members in the U.S. continues to grow in the aftermath of the most severe recession in the post- World War II era. A record 57 million Americans, or 18.1 …

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Insured Global Disaster Losses in First Half Reached $22B: Aon Benfield http://www.insurancejournal.com/news/international/2014/07/23/335564.htm Wed, 23 Jul 2014 14:33:22 +0000 http://www.insurancejournal.com/?p=335564 Insured losses from global natural disasters during the six-month period ending June 30, 2014 reached $22 billion. That compares to $27 billion in the first half of 2013 and is approximately 19 percent below the 10-year average of $27 billion, …

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16 States Face High Risk of Earthquakes http://www.insurancejournal.com/news/national/2014/07/20/335281.htm Mon, 21 Jul 2014 01:17:52 +0000 http://www.insurancejournal.com/?p=335281 Sixteen states are at high risk of damaging earthquakes over the next 50 years and certain areas of the United States face a higher threat of temblors than previously thought, a federal geological survey agency said. The findings come from …

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Smart Meters Pose New Risks for Energy Industry http://www.insurancejournal.com/news/international/2014/07/18/335214.htm Fri, 18 Jul 2014 19:00:22 +0000 http://www.insurancejournal.com/?p=335214 Last November, Felix Lindner came very close to shutting down the power supply of Ettlingen, a town of almost 40,000 people in the south of Germany. “We could have switched off everything: power, water, gas,” Lindner, head of Berlin-based Recurity …

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Automakers Race to Be First With Driverless Cars http://www.insurancejournal.com/news/national/2014/07/17/335041.htm Thu, 17 Jul 2014 13:08:11 +0000 http://www.insurancejournal.com/?p=335041 Nissan Motor Co. will introduce cars that park themselves by 2016, Chief Executive Officer Carlos Ghosn said, as the Japanese carmaker rushes to be among the first to offer automated driving. The feature, along with technology enabling cars to autonomously …

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Fitch Forecasts Shrinking P/C Insurer Profits http://www.insurancejournal.com/news/national/2014/07/17/335034.htm Thu, 17 Jul 2014 12:41:47 +0000 http://www.insurancejournal.com/?p=335034 Fitch Ratings is forecasting that 2014 will end up as the second consecutive year of underwriting profits for the property/casualty industry with modest increase in the combined ratio. But the results for 2014 won’t quite match the strong performance by …

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Computers at Growing Risk of Hijack by Botnet Viruses, U.S. Says http://www.insurancejournal.com/news/national/2014/07/17/334776.htm Thu, 17 Jul 2014 08:00:50 +0000 http://www.insurancejournal.com/?p=334776 The threat posed by criminal hackers who use networks of secretly hijacked computers has increased “dramatically” over the past several years, a top U.S. Justice Department prosecutor testified Tuesday. Leslie Caldwell, the assistant attorney general for the department’s criminal division, …

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Getting a Grip on Ridesharing Coverage http://www.insurancejournal.com/news/national/2014/07/17/334665.htm Thu, 17 Jul 2014 04:00:03 +0000 http://www.insurancejournal.com/?p=334665 Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and start-up ridesharing companies have been cropping up everywhere trying to ride the heels of the success experienced …

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Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey http://www.insurancejournal.com/news/national/2014/07/16/334799.htm Wed, 16 Jul 2014 16:20:11 +0000 http://www.insurancejournal.com/?p=334799 How are agencies targeting new business today? Will historical growth rates be sustainable? And just how much do agencies need to reinvest to achieve desired growth and enable perpetuation? These are some of the questions that a new industry survey …

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Report: Data Breaches Cost N.Y. Businesses $1.37B Last Year http://www.insurancejournal.com/news/east/2014/07/15/334596.htm Tue, 15 Jul 2014 14:28:03 +0000 http://www.insurancejournal.com/?p=334596 Security breaches exposing consumers’ personal information are becoming larger and more frequent in New York, costing businesses more than $1.37 billion last year, the state attorney general’s office said. Data breaches in the state more than tripled from 2006 to …

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