Insurance : Regulation
Insurance is regulated by the individual states. The move to modernize insur- ance regulation is being driven in part by…
No-Fault Auto Insurance and Other Auto Liability Systems
State auto liability insurance laws fall into four broad categories: no-fault, choice no-fault, tort liability and add-on. The major differences…
The Liability System and Medical Malpractice Insurance Issues
Litigiousness has become a societal problem in the United States. The tort sys- tem cost $254.7 billion in 2008 in…
Insurance Fraud
The Insurance Information Institute estimates that fraud accounts for 10 percent of the property/casualty insurance industry’s incurred losses and loss…
Flood Insurance
Because of frequent flooding of the Mississippi River during the 1960s and the rising cost of taxpayer funded disaster relief…
Insurance : Financial and Market Conditions
Many forces affect the price, availability and security of the insurance product. Some are external, such as the state of…
Earthquakes: Risk and Insurance Issues
An earthquake is a sudden and rapid shaking of the earth caused by the break- ing and shifting of rock…
Insurance : Credit Scoring
The goal of every insurance company is to correlate rates for insurance policies as closely as possible with the actual…
Climate Change: Insurance Issues
There is now a consensus among the scientific community that the climate is changing, with potential risk to the global…
Insurance-Cellphones and Driving
Increased reliance on cellphones has led to a rise in the number of people who use the devices while driving.…