The most recent Commercial Lines Insurance Pricing Survey (CLIPS) by Towers Watson, has shown that commercial insurance prices rose by an average of almost 1.5 percent during 2011’s second quarter, which is the first time that all standard commercial lines headed in an upward direction since 2003. The results of CLIPS align with the preliminary results that were obtained by a Towers Watson survey which will soon be released. They showed that 75 percent of CFOs feel that the standard property market prices have either hit the lowest point that…
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Survey shows financial plans should include insurance
According to a Saybrus Partners survey, just under half of the American adults who have received professional financial advising and who have a financial plan have ever addressed the issue of including life insurance as a part of their portfolio. Saybrus Partners is a Hartford, Connecticut-based life insurance partnership company. Among the survey participants who said that they had talked with their financial advisors about life insurance, 15 percent said that the discussion was held over a decade ago. An additional 40 percent had talked about it within the last…
Read MoreOhio’s Insurance Institute releases new report regarding recent storms: Losses up to $500 million
Since an onslaught of major storms in April and May, the Ohio Insurance Institute has been busy collecting data and has recently released a new report in that accounts for a storm that ran through the state earlier this month. The Institute, comprised of property and casualty insurers, usually only issues reports regarding insured losses if they exceed $25 million. This new report is the sixth the Institute has release this year, showing that the devastating effects of storms that occurred months ago linger. According to the Institute’s survey, more…
Read MoreSalary.com survey measures the value of a stay-at-home Dad
The results of the annual Salary.com “Dad Salary Survey” has shown that while fathers who work conventional day jobs would earn an average annual salary of approximately $34,000 if they were paid for their parenting duties, a stay-at-home dad’s job (if it were to incur earnings), have an average annual salary of over $60,000. Today’s dads are performing tasks that are a great deal more involved than simple babysitting. It has also been noted that their hours are typically very long every day as they work to perform a number…
Read MoreNAIC survey reveals ways consumers have been saving money on car insurance
The National Association of Insurance Commissioners (NAIC) has released the results of a survey that determined the top ways that consumers have made lifestyle changes within the last year in order to save money with their car use to reduce their insurance fees. Over the last twelve months, 53 percent of Americans made this type of change with car insurance costs in mind. The insurance commissioners’ survey showed that the following changes were made by consumers: Among automobile owners, almost 20 percent exchanged their car for a less costly model…
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