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Predicting the Super Bowl Winner
by Claire
3 Feb 2012 at 12:00pm
Who will win Super Bowl XLVI this Sunday? If you?re wondering whether you should be backing the New York Giants or the New England Patriots look no further than the Super Bowl Prediction System of sports statistician John Dewan. In his Stat of the Week, the owner of Baseball Info Solutions and co-publisher of ACTA [...]
Arbitration Saves Industry Millions In Litigation Costs
by Claire
1 Feb 2012 at 12:00pm
In a new record, nearly 520,000 insurance claims disputes valued at more than $2.4 billion were resolved via arbitration in 2011, Arbitration Forums Inc reports. According to AF, the nation?s largest provider of inter-insurance dispute resolution services, it is saving the property/casualty insurance industry more than $700 million in litigation costs annually. Disputes leading to [...]
Update On U.S. Tort Costs
by Claire
30 Jan 2012 at 12:00pm
U.S. tort costs increased by 5.1 percent in 2010, driven by the April 2010 Deepwater Horizon drilling rig explosion and resulting oil spill in the Gulf of Mexico, Towers Watson reports. In its 2011 Update on U.S. Tort Cost Trends, Towers Watson notes that absent the cost from this event, tort costs would have shown an overall [...]
American Insurance Association News
American Insurance Association News Releases
AIA -
AIA Supports Legislation Maintaining Competition and Choice for Consumers in …
3 Feb 2012 at 12:00am
Today, the American Insurance Association (AIA) voiced its support for the Promoting Automotive Repair, Trade, and Sales Act (PARTS Act). The bill provides for an automotive ?collision repair clause? in U.S. design patent law, allowing for the continued manufacture and sale of quality alternative repair parts.
AIA Testifies Before Michigan House Insurance Committee
31 Jan 2012 at 12:00am
WASHINGTON, DC, October 6, 2011 ? David Snyder, vice president and associate general counsel of the American Insurance Association (AIA), today testified before the Michigan House Insurance Committee and urged lawmakers to reform the state?s no-fault system before current cost pressures lead to a need for total no-fault repeal.
AIA Commends CMS for Phasing in MSP Reporting Requirements
31 Jan 2012 at 12:00am
Washington, DC, October 3, 2011 ? The Department of Health and Human Services Centers for Medicare and Medicaid Services (CMS) announced late last week that it will begin phasing in the implementation of the Medicare Secondary Payer (MSP) mandatory reporting requirements for property-casualty insurers for liability claims that do not involve on-going medical responsibility. CMS had previously issued a delay in November 2010 which was set to expire on January 1, 2012.
