The system misfired

Article Abstract:

The experience of Massachusetts indicates that high tort thresholds for no-fault insurance may increase claim costs over the long term. Medical cost inflation eroded the $500 dollar threshold that MA instituted in 1971, raising premiums and increasing claim costs. Although MA increased the threshold to $2,000 in 1989, bodily injury claim payments and claims filed decreased far less than expected. The culprit here may have been medical cost buildup. One possible solution to the problem would be to supplement a dollar threshold with a verbal one.

Methods, Economic aspects, Massachusetts, Insurance, No-fault insurance, No fault insurance

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Rooting out quacks

Article Abstract:

Insurers need to be very careful when selecting environmental service consultants to perform site evaluation, due diligence, remediation work or other services. Because the field is relatively new, there is a lack of good accreditation programs for many types of environmental consultants. Furthermore, if a consultant fails to perform adequately, the insurer who hired the consultant can be held liable for any remediation costs caused by the failure of the consultant.

Business consulting, not elsewhere classified, Standards, Services, Column, Environmental consultants, Pollution liability insurance

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Headlights on for safety

Article Abstract:

Studies in the US, Canada and Sweden have demonstrated that the use of daytime running lights - mostly low-beam headlights and parking lights - reduces automobile accidents, particularly head-on and front-corner collisions. In Canada, where they are legally required, running lights prevent 35,000 accidents each year. In the US the National Highway Transportation Safety Administration has recommended that special running lights be offered as an option on vehicles.

Motor vehicles and car bodies, Regulation, admin. of transportation, Equipment and supplies

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