Archive for the ‘Auto’ Category

How Litigation Is Driving Up U.S. Commercial Auto Insurance Costs

June 13, 2022

Social inflation—the impact of rising litigation on insurers’ costs—increased claim payouts for commercial auto insurance liability alone by over $20 billion between 2010 and 2019. This is according to a new paper by Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS). The Triple-I/CAS paper, Social Inflation and Loss Development confirms and […]

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National Roadway Safety Strategy Announced

March 31, 2022

The National Roadway Safety Strategy (NRSS) is “a roadmap for addressing the national crisis in roadway fatalities and serious injuries.” We cannot tolerate the continuing crisis of roadway deaths in America. These deaths are preventable, and that’s why we’re launching the National Roadway Safety Strategy today — a bold, comprehensive plan, with significant new funding […]

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7 Ways to Improve Company Driver Safety

February 11, 2022

If you have company trucks to provide service offsite or to deliver products, your drivers spend a lot of time on the road. Check out these tips for improving safety and reducing costs: Make sure your drivers have safety gear onboardStock your trucks with warning triangles, first aid kits, LED flares, warning flags, and make […]

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Drivers Say They Fear Cyber Hi-Jackers

June 24, 2021

More U.S. motorists are getting worried about possible cyber-attacks on their connected vehicles, a survey by HSB, part of Munich Re, reported recently. Some even believe a hacker could confront them over their car audio systems or disable automotive safety features. The HSB poll by Zogby Analytics found that 37 percent of consumers who responded […]

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Auto Damage Claims Growing Twice as Fast as Inflation

February 10, 2021

The average payment for auto physical damage insurance claims increased at more than double the rate of inflation from 2010 through 2018, according to a new study from the Insurance Research Council (IRC). The study, Patterns in Auto Physical Damage Insurance Claims, found that average payments increased 3.7 percent annualized during the study period, while […]

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Automated Driving Would Reduce Crashes by Only a Third

July 21, 2020

Driver mistakes play a role in virtually all crashes. That’s why automation has been held up as a potential game changer for safety. But autonomous vehicles might prevent only around a third of all crashes if automated systems drive too much like people, according to a new study from the Insurance Institute for Highway Safety. […]

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Traveling the Same Roads Together: AVs and Humans

March 17, 2020

An Update on Safety and Autonomous Vehicles (AVs) Nuro For the first time, regulators at the National Highway Transportation Safety Administration (NHTSA) have given permission to an AV manufacturer, Nuro, Inc., to deploy 5000 low-speed electric delivery vehicles without human controls like mirrors or steering wheels. The small, seat-less car, with gull-wing cargo doors on […]

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7 Ways to Improve Company Driver Safety

March 21, 2019

If you have trucks to provide service offsite or to deliver products, you probably either have dedicated drivers or at least many of your employees spend a substantial amount of their time on the road. Here are seven tips for improving safety and reducing costs: Make sure your drivers have safety gear onboard Stock your […]

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Marijuana Use Linked to Increased Car Crashes

December 15, 2018

Although the workplace impact of marijuana in states where it’s been legalized has mainly been a workers compensation concern, a recent study now links marijuana use to increased auto crash claims. In four states where marijuana is now legal — Colorado, Nevada, Oregon and Washington — the frequency of collision claims filed with insurers were […]

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Don’t Be a Fake Accident Victim

October 20, 2018

Auto accidents cost hundreds of billions of dollars each year and in some places, like New York City and Los Angeles, nearly one out of three accidents may not be an “accident” at all, according to the National Insurance Crime Bureau (NICB). In one type of fake accident, dishonest drivers maneuver innocent drivers into car […]

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