Here are studies, reports and stories that caught our eye in the last month.
Auto technology and insurance claims: Technology and consumer expectations are among the issues driving the evolution of auto insurance as we know it, according to an article in Property Casualty 360. The article explores “seven key areas that are ripe for further discussion, research and analysis.”
Storefront crashes: “Storefront crashes,” which involve a vehicle running into a commercial, public or retail building, cost insurers millions of dollars a year, according to an article in Claims magazine. In fact, in 2015 and 2016, the Storefront Safety Council is aware of more than $100 million in claims paid. “The trend is increasing as more cases go to trial and plaintiffs find it easier to show that a location was poorly protected against a foreseeable and preventable risk,” says the article, which also details new safety standards and trends to watch.
Top liability loses: Allianz Global Corporate & Specialty’s Global Claims Review 2017 recently ranked the top modern corporate liability exposures. The report finds that defective product or work; collisions and crashes; and human error were the leading causes of liability losses.
Drowsy driving: At least 21 percent of fatal crashes involve exhausted drivers, according to an article in Claims Journal. But activities to keep drivers alert, including radio adjustments and opening a window, come with their own risks. The article explores the issues, signs of drowsy drivers and ways to ensure drivers get enough sleep before they hit the road.
More data needed: According to a report from the National Safety Council, 2016 may have been the deadliest year on the nation’s roads since 2007. Last year, 40,000 people may have died because of a motor vehicle crash. Another 4.6 million were seriously injured. But, the council’s report says that “little is known about key driver behavior factors in these crashes because critical data is under-reported.” The report makes recommendations for law enforcement and those in the traffic safety field.