August 2010

In a one-year period, the cost of medical care and productivity losses associated with injuries from motor vehicle crashes exceeded $99 billion , that is > $99, 000, 000, 000– with the cost of direct medical care accounting for $17 billion. A new study by the Centers for Disease Control and Prevention says the total annual cost amounts to nearly… Read More »Motor Vehicle Crash Injuries Statistics

Zurich has introduced an enhanced professional liability policy aimed at mid-sized and large construction customers. “The coverage is designed for the professional exposures of a construction manager, whether offered through an at-risk or agency contract, as well as trade subcontractors with or without direct design exposure,” said Scott Rasor, head of Construction for Zurich’s North America Commercial business division. “The… Read More »Professional Liability Coverage for Contractors

California’s Workers’ Compensation Insurance Rating Bureau is considering requesting a 30 percent increase in pure premium rates for 2011 policies. The news that California’s Workers’ Compensation Insurance Rating Bureau (WCIRB) might ask for the increase came out of a meeting of the bureau’s actuarial committee. That committee makes a recommendation to the WCIRB’s governing committee, and then the governing committee… Read More »Another Workers Comp increase in California?

The Insurance Service Office (ISO) has revised its method of assigning symbols to vehicles. Rather than a single symbol, there will be separate comprehensive and collision symbols. Instead of a range of symbols from 1 to 27 with a manufacturer’s suggested retail value up to $80,000 and above, there will be a range of 1 to 75 for values up… Read More »ISO changes for 2011 and later vehicles