Insurance News

Posts Tagged ‘HIGH

The Atlantic region can expect one more major hurricane this autumn and the northeast U.S. coast still faces double the average risk of getting hit, Weather Services International (WSI) said Tuesday.

The Massachusetts-based private forecaster predicted the six-month Atlantic-Caribbean storm season that ends Nov. 30 would see a total of six “major” hurricanes with winds of at least 111 miles per hour — one more than it envisaged in its August Read the rest of this entry »

The Toyota Motor Corp. recall uproar is spurring a reevaluation of the way new automotive technology should be designed?and how much consumers should know about how it works.

Features such as electronic throttle controls, computer-controlled braking, push-button “keyless” ignition systems, new transmission designs and gas-electric hybrids present challenges to drivers who are accustomed to the well-known conventions that guided the designs Read the rest of this entry »

The state?s highest court yesterday upheld the Massachusetts Division of Insurance?s decision to temporarily exempt auto insurance companies that are new to the Bay State from having to cover high-risk motorists.

The Supreme Judicial Court?s ruling was the result of a lawsuit filed by Arbella Mutual Insurance, a Quincy carrier that claimed Nonnie S. Burnes ?exceeded her authority?? when she was insurance commissioner and favored Read the rest of this entry »

Aug. 17 (Bloomberg) — Catastrophe bonds, used by investors to bet against natural disasters, climbed to their highest level this year as hurricane outlooks called for a calmer season.

The Swiss Re Cat Bond Price Return Index advanced 0.3 percent to 90.56 on Aug. 14, the sixth straight weekly gain, as investors bet insurers are less likely to collect on the securities.

Insurers, including Chubb Corp. and Assurant Inc., sell the Read the rest of this entry »

Across the country, 64 million people younger than age 65 are part of families spending more than 10% of their pretax income on health care, according to a Families USA study, the Boston Globe reports. The study also found that about 19 million U.S. residents spend more than 25% of their income on health care.

The study found that Massachusetts — despite its universal health care law — has more than one million residents in families that Read the rest of this entry »

Approximately one in six drivers across the United States may be driving uninsured by 2010, according to a recent study from Insurance Research Council. Although the estimated percentage of uninsured motorists decreased nationally from 14.9 percent in 2003 to 13.8 percent in 2007, the recent economic downturn is expected to trigger a sharp rise in the uninsured motorist rate.

The recently released study, ?Uninsured Motorists, 2008 Edition,? Read the rest of this entry »

DETROIT — Automakers are extending high-tech safety features to smaller and mid-range vehicles, a move prompted by demand and federal safety regulations.

At the North American International Auto Show this week, automakers unveiled a host of advanced safety features.

Ford Motor Co. unveiled its 2010 Taurus, announcing it is the first Ford vehicle to have a forward collision warning system — a feature that alerts drivers Read the rest of this entry »