Category: Denver Insurance Blog

More than 70 million drivers in the U.S. potentially are leaving car insurance savings on the table by not taking advantage of usage-based insurance programs that reward drivers who drive safely and during safe times of the day. More and more carriers are providing usage-based or mileage-based insurance options, including telematic systems or devices that […]

If all states implemented comprehensive graduated driver licensing (GDL) laws, an estimated 2,000 lives could be saved. Further, if all 50 states were to enact comprehensive GDL laws, it could generate savings of $13.6 billion per year. That’s according to the Allstate Foundation License to Save Report, developed in conjunction with the National Safety Council. […]

Nearly half of the U.S. property insurance polices renewed in the current quarter have been at higher prices, adding fuel to an industry turnaround after years of decling rates. With more than $70 billion in disaster lossed worldwide this year, insurers are anticipating what they call a “hard market”- a period or pricing strength where […]

The state-based workers’ compensation system has evolved and survived for 100 years but it could face tough challenges in the coming years as the country struggles to dig itself out of the deep recession. The recession has caused an “unprecedented disruption of the labor market” that will have widespread and long-term effects, according to a […]

In another indicator foreshadowing invevitable insurance premium increases, Moodys Investors Service reports that 2011 third quarter net income for its rated companies is down 70% from 2010 Moody’s report comes shortly after a Fitch Ratings report noting that a group of 47 insurers and reinsurers it tracks reported a net profit of $9.7 billion during […]

This article will give you great insight into where insurance premiums are headed in 2012……nowhere but UP! The first-half results for property and casualty insurers are in and the results are not very pretty, as the industry reported more than a 71 percent drop in net income. In a report issued by the Jersey City, […]

Large catastrophe losses and the prospect of poor investment returns are paving the way for much tougher market conditions for commercial property insurance buyers, according to a new report The new report — the Lockton Market Update — provides a snapshot of market conditions in key commercial insurance markets including commercial property and property catastrophe […]

American International Group said its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have been offering similar observations in this earnings season. “In U.S. commercials lines, we are seeing a rate increase overall of 4.1 percent on renewed businesses, with rate increases led by over 8 percent […]

Like a lot of companies, Veridian Credit Union wants its employees to be healthier. In January, the Waterloo, Iowa-company rolled out a wellness program and voluntary screenings. It also gave workers a mandate: quit smoking, curb obesity, or you’ll be paying higher healthcare costs in 2013. It doesn’t yet know by how much, but one […]

The importance of Business Interruption Insurance or Loss of Business Income cannot be understated. Please read the article below. Make sure to review your policy for this necessary coverage. Insurers, Policyholders Clash Over Business Interruption Claims By Young Ha | November 7, 2011 Email ThisPrintNewsletters. inShare.37..Your Name: Your Email: To: Separate emails using a comma.Message: […]