Dollars & Sense
33,775
The number of metal theft insurance claims for copper, bronze, brass or aluminum, according to a new report released by the National Insurance Crime Bureau (NICB). NICB found that 32,568 of those claims, or 96 percent, were for copper theft alone. The report, which reviewed metal theft claims from Jan. 1, 2010, through Dec. 31, 2012, revealed a 36 percent increase in claims when compared with claims reported between Jan. 1, 2009, and Dec. 31, 2011.
300%
The percentage increase in opioids between 2002 and 2011 tracked by the California Workers’ Compensation Institute.
$100,000
The total cost of a workers’ compensation injury claim found when prescriptions for certain opioid painkillers were prescribed, according to a recent study of more than 12,000 workers’ comp claims processed by Lansing, Mich.-based Accident Fund Holdings. According to the study, claims were almost four times as likely to have a total cost of $100,000 or more compared with claims without any prescriptions.
11,000
The number of deaths attributed to drowsy driving from 2000 to 2010, according to federal statistics.
34%
The percentage increase in average insurance payment for a motorcycle injury claim after Michigan passed a new law requiring only riders younger than 21 years old wear helmets. The payment was $5,410 in the two years before the new law; now the average payment is $7,257, according to a recent study by the Highway Loss Data Institute.
- Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’
- South Carolina Allows Out-of-State Adjusters After Massive Hail Storm
- Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Mother of 8-Year-Old ‘Violently Sucked’ into Houston Hotel Pool Files Wrongful Death Suit
- Ship Owner in Bridge Collapse Seeks to Limit Its Liability