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Posts Tagged ‘says

More American adults have taken to texting in the past year, but teens still take the crown when it comes to using their phones for text-messaging, with 87 percent of them doing so, according to a new study.

Among adult cell phone users, 72 percent of them now send and receive text messages, up from 65 percent in September 2009, and 58 percent in December 2007, according to “Cell Phones and American Adults,” a report from the Pew Research Center’s Read the rest of this entry »

Hurricane season might seem been pretty tame so far, particularly in light of the predictions for a highly active year.

Through the first seven weeks, a hurricane and two tropical storms have emerged, about average activity.

But the meanest stretch ” the seven weeks from mid-August through early October ” is here and “now the game starts,” said Stanley Goldenberg, a research meteorologist with the National Oceanic and Atmospheric Administration.
Read the rest of this entry »

Summer brings short skirts, bikini tops and low-cut blouses, all which apparently lead men to get into car accidents more frequently than in the winter, according to a new study.

That’s right, 29 percent of men admit to being distracted by women’s summer attire. Compare that to just 3 percent of women who had the same problem thanks to a man’s choice of summer clothing, according to Sheilas’ Wheels, a British car insurance company geared toward Read the rest of this entry »

NEW YORK (Bloomberg)?Robert Benmosche, the American International Group Inc. CEO who replaced the head of the insurer’s main Asia unit, said the change was needed to prepare for the division’s initial public offering.

Mark Tucker was named head of AIA Group Ltd. Monday, replacing Mark Wilson, 43. Mr. Tucker has 15 years of experience building the Asia operations of competitor Prudential P.L.C., Mr. Benmosche told employees Monday in a letter Read the rest of this entry »

WASHINGTON?Congress? inability to renew the National Flood Insurance Program has potentially dire consequences, Federal flood agency management officials warned.

The NFIP was allowed to expire Sunday when a congressional appropriations bill that included the program was held up by Sen. Jim Bunning, R-Kentucky.

According to a memo written by officials of the Federal Insurance and Mitigation Administration/Risk Insurance Division, Read the rest of this entry »

Insurer technology demands are shifting from traditional standalone applications, tools, data and services to integrated solutions, according to a technology consulting firm.

That finding came from Boston-based Strategy Meets Action (SMA) as part of its Insurance Ecosystem Research Series reports.

The firm?s study of technology solution trends identified an increasing need for convergence within the IT vendor space. “As insurance Read the rest of this entry »

Differences between the sexes are becoming less noticeable when it comes to teenage driving.

In what seems like a role reversal, girls are expressing a new need for speed, while aggressive driving and speeding by boys is down.

According to Allstate Foundation’s “Shifting Teen Attitudes: The State of Teen Driving 2009,” 27 percent of girls admit to speeding at least 10 miles over the speed limit, vs. 19 percent of boys.

Also, Read the rest of this entry »

The Insurance Information Institute warned today that the severe earthquake in Haiti is a reminder that the United States is vulnerable to the same type of catastrophe and is woefully underinsured.

I.I.I. noted that the potential cost of U.S. earthquakes has been growing because of increasing urban development in seismically active areas and the vulnerability of older buildings, which may not have been built or upgraded to current building Read the rest of this entry »

NEW YORK ?The insurance industry was the second most fraud-prone industry sector behind communications according to a global economic crime survey released yesterday by PricewaterhouseCoopers.

In a massive wide-ranging report based on information from 3,037 respondents, the consulting firm also found that companies in their efforts to head off crime have more than tripled their use of fraud risk management.

At a news conference Read the rest of this entry »

A Moody?s Investors Service study finds the property and casualty insurance industry?s investment portfolio well positioned for future success especially compared to other financial services sectors.

The firm?s U.S. P&C Insurance Company Investment Portfolios report said the industry?s investment portfolios are ?generally conservatively positioned, with the level of conservatism increasing over the last year.?

It goes Read the rest of this entry »