Todayâ€™s News: Most Dangerous Cities for Drivers, Health Care Costs to Increase and Insurers Want Laws to Toughen
If you’re wondering where your auto insurance rates could suffer the most, take time to review the 10 most dangerous cities for drivers. In other insurance news, employers believe health care costs will increase due to health care reform and insurers predict higher costs due to unfavorable investment practices.
Insurance.com Lists the 10 Most Dangers Cities for Drivers
A new study released by Insurance.com lists the 10 cities most known for being dangerous for drivers. The most dangerous cities of the 10 included Baltimore, Md., Johnstown, Penn., Portland, Maine, Des Moines, Iowa and Erie, Penn. Baltimore topped the list because it tallied the most claims for everything from fender benders to vandalism and theft.
U.S. Employers Expect to See Significant Health Care Cost Increases in 2011
Roughly 40 percent of employers who participated in a nationwide survey conducted by workforce consulting firm Mercer said that they anticipate health care costs to increase by 2 percent, while 25 percent expect an increase of 3 percent or higher and 30 percent have no idea what impact they might see as a result of health care reform.
Insurers Predict Higher Costs if Laws Don’t Toughen
Insurance companies recently addressed the National Association of Insurance Commissioners in regards to practices conducted by investors that could eventually result in insurers needing to increase their costs.
One of the many unfavorable practices includes investors paying terminally ill people to be named as annuitants in variable annuities, meaning they become the person whose death triggers a death benefit. Insurers warn that this and other practices, if not stopped by law, could force companies to raise insurance prices to protect themselves. (Wall Street Journal)