News

With a survey showing most people are clueless about the basic elements and value of insurance, it's time to launch a public education campaign to bring more consumers up to speed, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

Although their claim forces have been reduced by 16 percent, a majority of insurers still say that hiring qualified claim adjusters is a priority for them, according to a recent study.

Two insurance industry groups said they will hold a conference on April 21 in East Elmhurst, N.Y. to identify the scope of fraud in New York State, and its impact on consumers and potential reforms

Insurance agents and brokers cannot expect help from firming market prices anytime soon and without a new direction to maximize shareholder value they may as well sell their businesses, a consulting executive said.

Consumers in foreign insurance markets surveyed by Accenture are willing to shop for new insurance providers, and are increasingly shopping online for coverage, an activity that mirrors U.S. trends, an Accenture representative said.

Motorcycle thefts, continuing a downward trend, fell by 13 percent last year and the bikes most targeted were made by Honda, the National Insurance Crime Bureau reported

Only 7 percent of risk managers in a global survey rated themselves at an advanced level of enterprise risk management program implementation,

Florida Insurance Commissioner Kevin McCarty's office has issued two separate cease-and-desist orders to companies for selling unauthorized surety insurance.