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Monthly Archives: December 2011

Drivers Missing Out on Car Insurance Savings

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 […]

Graduated Driver Licensing could save 2,000 lives, $13.6 Billion

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. […]

Property Insurance Rates on the Rise

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 […]

Workers Compensation System faces Challenges in Economic Recession

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 […]

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