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August 2008

Risk Control – Contractors

Fleet A significant risk for contractors relates to vehicle accidents. Construction workers typically spend more time in vehicles than other workers because they regularly move between job sites and use vehicles to obtain supplies. Construction work often entails physically demanding work in less than comfortable environments over long hours, resulting in fatigued drivers behind the wheel. Often contractors allow their staff to take vehicles home at night and weekends. This increases accident exposure, particularly if a spouse or child is allowed to drive or are passengers in the company vehicle. Contractors often expect employees to use their own vehicles for… Read More »Risk Control – Contractors

Pay-As-You-Drive Regulations – California

California Insurance Commissioner Steve Poizner has proposed regulations that would make green auto insurance option available for California consumers. If implemented, pay-as-you-drive auto insurance would allow motorists to more accurately pay for the coverage they need, by linking their premium more closely with the number of miles they drive. Any incentive like this to get people to drive fewer miles will help reduce greenhouse gases and vehicle accidents, the Commissioner indicated. “I am thrilled to pave the way for California drivers to obtain insurance that is more environmentally friendly and more accurately reflects driving habits,” Poizner said. “As a strong… Read More »Pay-As-You-Drive Regulations – California

Less Then 50% of Teen Passengers Wearing Seat Belts

A new study on teen driving habits and safety found that 59 percent of teens always buckled up in the driver seat but only 42 percent always wore seat belts as passengers. However, only 38 percent of all teens in the study reported always buckling up as both drivers and passengers. Researchers from the Meharry-State Farm Alliance at Meharry Medical College say the lack of seat belt use by teen passengers is a big problem. “Because seat belts can reduce the risk of injury and death in crashes by more than 50 percent, there is a critical need for interventions… Read More »Less Then 50% of Teen Passengers Wearing Seat Belts

Higher Gas – Higher Insurance Costs?

Yes… Lighter Vehicles Could Mean Higher Insurance Costs… The cost of auto injury claims involving lighter-weight vehicles tends to be higher than the cost of claims involving heavy vehicles, according to new research from the Insurance Research Council (IRC). The average claims payment involving lighter weight vehicles is more than 14 percent higher than it is for claims involving heavier vehicles, the researchers said. Injuries in lighter vehicles are more likely to be more serious, require hospitalization and keep people from returning to work right away, they found. The insurance research group said its findings may have implications for those… Read More »Higher Gas – Higher Insurance Costs?

Teen Insurance Safeco

With Teensurance™ powered by Safeco, you can help parents change the conversation they have with their teen drivers. Think about how thankful parents will be when you take some of the worry out of the day! You can give parents tangible tools for helping them improve their teen’s driving. Imagine talking about more than just price! Here are some key answers to typical questions that will help you change the conversation.   Q:  What is Teensurance?A:  Teensurance is a completely new kind of package that gives parents a way to determine how their teen is driving. The program offers parents a comprehensive… Read More »Teen Insurance Safeco

Bad days for Surplus Lines Insurers

Surplus lines insurers’ share of the market is expected to continue decreasing over the near term unless a catastrophe curtails competition from standard market insurers, according to an A.M. Best report released Monday. “While surplus lines insurers outperformed the property/casualty industry in underwriting and operating performance in 2007, the softening market and more aggressive competition portend deterioration in profitability as premium levels decline,” Best said in its annual report on the surplus lines industry commissioned by the Derek Hughes/National Assn. of Professional Surplus Lines Offices Educational Foundation. The soft market’s impact on surplus lines insurers was evident merge from an 8.7%… Read More »Bad days for Surplus Lines Insurers

Malpractice Appeals Lost Again in SD

A Rapid City neurosurgeon who said he had been sued more than 30 times for malpractice lost two appeals on August 21 in the South Dakota Supreme Court.The court upheld a jury verdict awarding a woman nearly $552,000 in damages from Dr. Steven B. Schwartz because of mistakes in surgery on her spine. In the second case, the Supreme Court overturned the verdict of a jury that had found Schwartz did not commit malpractice in performing surgery on another woman. The high court said the trial was flawed because the jury did not learn that a state board had put… Read More »Malpractice Appeals Lost Again in SD

Testing Mistakes at the Family Doctor

We have decided to continue doctor’s topic… Ordering the wrong test, missing results and forgetting to notify patients are among the many testing mistakes that occur routinely at the offices of family doctors, a new study shows. The report, published in the journal Quality & Safety in Health Care, looked at testing procedures and mistakes that were reported anonymously by 243 doctors, nurses and staff members in eight small and large family physician practices in seven states. During an eight-month period, researchers from the University of Chicago analyzed the error reports related to medical testing, including ones they observed “should… Read More »Testing Mistakes at the Family Doctor

Change in Workers’ Comp Rules in Oreg.

Health care providers all over Oregon say they’ll have to drop workers’ compensation cases, after a change in how they are paid to care for those injured on the job. The temporary rule, imposed July 7, 2008, allows insurance companies to pay doctors less than the state-mandated schedule of fees historically used in such cases. Administrators with the workers’ compensation division at the Bureau of Labor and Industries have acknowledged that the new rule underwent a “fast analysis.” But division administrator John Shilts told The Oregonian that state actuaries had warned him that without the rule, employers would see insurance… Read More »Change in Workers’ Comp Rules in Oreg.

Climate Change Price List

New forms of private-public partnerships are needed, particularly for developing nations, to deal with risks and costs related to climate change, Swiss Reinsurance Co.’s chairman said in a presentation Monday. Speaking at the International Disaster and Risk Conference in Davos, Switzerland, Peter Forstmoser said the impact of hazardous events continues to rise, driven by interacting forces, including global warming, population growth, density of assets and aging infrastructure. Developing countries likely will bear the highest share of the costs needed to adapt to climate change, he said. By 2030, it is estimated that these costs will amount to 49 billion Swiss… Read More »Climate Change Price List