The more expensive the car, the more expensive the insurance reimbursement

Injury claims are most likely to come from occupants of minicars and cars equipped with powerful engines while luxury vehicles lead to the priciest vehicle repair claims, according to the latest insurance claims data released Thursday from the Highway Loss Data Institute (HLDI).

Development of the insurance industry to climate change

A report out Thursday urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change.

In short, the report, its authors and those endorsing it want more efforts made to calculate climate change into risk management.

Capital markets opportunities for reinsurers!

Investments from the capital markets in various forms now provide around 14 percent of the total capital dedicated to providing reinsurance – approximately $35 billion [$17 billion in cat bonds] out of $250 billion.

IPISC created the InventPro Insurance Program to help level the playing field for inventors and small companies.

Louisville, Ky. headquartered Intellectual Property Insurance Services Corporation (IPISC), which focuses on intellectual property (IP) insurance risks, has launched the InventPro Abatement Insurance program.

11 percent have a high level of understanding health reform implications

Despite 92 percent of U.S. adults being aware of healthcare reform, most lack a comprehensive understanding of how it may impact them, a survey indicates.