Total Insurance Blog

A troubling development has emerged in auto insurance: Nationwide, the cost and frequency of claims is on the rise. However, experts say this surprising bump shouldnt trigger higher auto insurance premiums at least in the short term.

A recent study from the Insurance Research Council, a nonprofit unit of the American Institute for Chartered Property Casualty Underwriters and the Insurance Institute of America, found the nationwide cost of auto insurance claims rose between 2008 and 2010. Throughout the past decade, those costs have declined or been stable.

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There has been a rise in the hospital industry’s professional liability claims frequency and severity, according to a new benchmarking report on professional liability claims trends in the hospital industry.

The study, conducted by Zurich, a property and casualty insurance provider globally and in North America, is based on Zurich’s claims data (through 2008, the latest information available) of 343,000 non-zero claims and $27 billion undeveloped losses from approximately 1,150 hospitals nationally.

In its sixth annual report, Zurich noted that the claims frequency increase is in contrast to the past few years in which frequency had declined or stabilized. I

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An analysis of insurance claims from 2008-2010 by the Highway Loss Data Institute reveals the Cadillac Escalade to be the most targeted vehicle for car theft; the report also reveals the Escalade to incur overall theft losses more than 10 times the average vehicle.

Escalades routinely top the HLDI’s list of vehicles with the most theft claims, with the Escalade EXT ranks the worst with more than 14 claims are suffered per 1,000 insured vehicles. While Escalades are more than six times as likely as the average vehicle to be targeted by a thief, the next four vehicles on the list, and five out of the top 10, are pickup trucks.

Incurring significantly higher losses than every vehicle in the top 10 except the Escalade, are the Ford F-250 and F-450, which occupy the second and fourth slots, and the Ford F-350 in the seventh spot. T

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When it comes to filing insurance claims, most people have to do it at least once in their lives. Because of this, there are a lot of tales floating around concerning insurance companies that have ignore claims or refused to continue taking a client. Due to this, naturally an individual who wants to file a worthwhile claim may be a bit tentative when it comes to actually doing it and sending in the paperwork. If this sounds like you, here is some advice for filing an insurance claim.

-Don’t File Claims For No Reason

Claims can sometimes be ignored and clients dropped as a result of filing too many claims that simply did not need to filed. I

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Car collision are traumatic in nature. Even if you survive physical injuries on your body accident compensation claims becomes stressful. There could myriad number of reason for a car accident like drug abuse, breaking a traffic rule, environmental factors and technological failures. Car accident claims compensation is easy in some cases and could be cumbersome in others.

Insurance companies are vigilant and thanks to government regulations they have to cover both car damages and body damages. Care is taken so that even medical care for bruise is also taken care of. The compensations can depend on the clauses in the policy and type of damage occurred.

The cases which you make are known as compensatory cases.

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