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January 15, 2013

  Top Story 
  Industry News 
  • Survey: Claims professionals to pursue systems upgrades
    Upgrading claims processes and systems will be the priority for most claims professionals this year, a survey indicates. Although they know the hurdles in enhancing claims processes, "many lack the ability to access and analyze information in free-form text fields needed to make the right decisions at the right times and ensure tangible progress in these areas," said Michael Chochreck of Trillium Software, which performed the survey. "It is critical that claims professionals gain insight into the universe of data flowing through their organization and harness this information to more effectively serve their customers and grow their business." Insurance Networking News (1/14) LinkedInFacebookTwitterEmail this Story
  • NTSB says more can be done to prevent in-car distractions
    The National Transportation Safety Board cites "tremendous progress" made by auto manufacturers in developing crash-avoidance technologies, but says the industry needs to do more to help reduce distractions to drivers. "The voluntary efforts that [automakers] have taken on safety -- particularly on collision avoidance -- are going to pay dividends for decades into the future. They are moving in the right direction. But at the end of the day, we want to make sure that safety isn't just for those who can afford it," said Debbie Hersman, the agency's chairwoman. The Detroit News (1/14) LinkedInFacebookTwitterEmail this Story
  • Survey: Mercedes-Benz tops list of cars with costliest insurance
    Mercedes-Benz and Porsche models lead the vehicles that tend to have the priciest insurance coverage, according to a survey from The Ford Edge, Chrysler Jeep Grand Cherokee Laredo and Subaru Outback 2.5i Premium are among the least expensive cars to insure, the survey found. Reuters (1/14) LinkedInFacebookTwitterEmail this Story
  Catastrophic Risk 
  • Report: Crucial infrastructure faces risks from geomagnetic storms
    The insurance industry must focus on the risks that geomagnetic storms pose for the power grid and other critical infrastructure, according to an Aon Benfield report. "Collapse of parts of the electric grid as a result of surges is potentially the most serious effect of a space weather event. Power failure to a wide area ... could shut down lighting, heating, all major utilities, communications and transport, emergency services and retail trade," the report says. Business Insurance (tiered subscription model) (1/14) LinkedInFacebookTwitterEmail this Story
  • Bill aims to enhance FEMA's disaster response
    Rep. Jeff Denham, R-Calif., has reworked a bill in an effort to streamline emergency-response and recovery operations by the Federal Emergency Management Agency in the aftermath of natural catastrophes. "It's a bipartisan bill, one with everyone on the same page," Denham said. McClatchy Washington Bureau (1/14) LinkedInFacebookTwitterEmail this Story
  Policy and Law 
  • N.J. Assembly panel clears bill on homeowners-policy summaries
    A New Jersey Assembly committee has advanced a proposal to require summaries outlining the coverage and exclusions under homeowners insurance policies. Amendments to the measure include a provision stating that the summary is intended to provide guidance to policyholders and not to supplant the policy. That move addressed one of the insurance industry's major concerns. The Star-Ledger (Newark, N.J.) (1/14) LinkedInFacebookTwitterEmail this Story
  • Nev. needs better traffic-safety laws, report says
    Nevada should require ignition-interlock devices and other measures to improve traffic safety, according to a report from Advocates for Highway and Auto Safety. "Traffic-safety laws to protect children and teens, keep drunk drivers off of our roads and stop distracted driving have the potential to save thousands of lives and billions of dollars annually," said Jacqueline Gillan, the group's president. Las Vegas Sun (1/14) LinkedInFacebookTwitterEmail this Story
  • Other News
If you can't write your idea on the back of my calling card, you don't have a clear idea."
--David Belasco,
American theatrical producer, director and playwright

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