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Survey Finds Most Experts in Risk and Insurance Believe Prior Approval of Auto Insurance Rates Is Inappropriate and Does Not Benefit Consumers

Aug 21, 2013
Most academic experts in risk and insurance regard the prior-approval rate regulation of auto insurance markets as unnecessary and ineffective, according to a new Insurance Research Council (IRC) study. Responding to a survey authored by Prof.
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New Study Finds Wide Variation in Utilization of Key Medical Services in Auto Injury Claims

Aug 06, 2013
According to new research from the Insurance Research Council (IRC), the medical care and treatment an individual injured in an automobile accident receives may depend in large part on the state in which the accident occurred.
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New Study Finds Lower Acceptance of Insurance Fraud and Strong Support for Fraud-Fighting Efforts

Mar 23, 2013
According to new findings from an online Insurance Research Council (IRC) public opinion study, 24 percent of Americans believe it is acceptable to increase an insurance claim by a small amount to make up for deductibles they are required to pay, lower than the 33 percent found in a 2002 telephon
Closeup of a male hands at the stearing wheel of a car. His hands are in process of turning the wheel in a way that looks urgent.

New Study Finds Properly Enforced No Pay, No Play Laws Moderately Reduce Uninsured Motorists and May Also Trim Auto Insurance Costs

Dec 04, 2012
According to a new study from the Insurance Research Council (IRC), a state’s percentage of uninsured motorists is affected by a no pay, no play law’s enactment, albeit modestly.
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Report Documents Substantial Growth in Homeowners Insurance Claim Costs Fueled by Rapid Rise in Claim Severity and Recent Surge In Claim Frequency

Sep 25, 2012
The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, an Insurance Research Council (IRC) study of homeowners insurance claim trends found.
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Michigan’s No-Fault System Pressured by Catastrophic Claims, Changes in Treatment Patterns

Apr 12, 2012
New findings from an Insurance Research Council (IRC) study of no-fault auto injury insurance claims show that average claimed losses for medical expenses, lost wages, and other expenses related to injuries from auto accidents in Michigan grew 192 percent, or 13 percent per year, on average, betw
Point of view image of a person driving a car. Lights seem to be zipping by the windows and the windshield, indicating that the car is moving fast.

New Study Documents Long-Term Benefits of Rate Regulatory Reforms in Automobile Insurance Markets

Feb 23, 2012
A new study from the Insurance Research Council (IRC) provides clear evidence of the long-term positive effects of rate regulatory reform in automobile insurance markets.
A young male claims adjuster with a clipboard crouches in front of a black damaged vehicle

Auto Injury Claim Costs Rise as Declining Claim Frequency Trends Come to an End

Dec 28, 2011
New findings from an Insurance Research Council (IRC) study of auto injury claim trends indicate that insurance claim costs countrywide have recently increased, reversing previous trends of declining or relatively stable costs.
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Boosted by Fraud and Buildup, Claimed Auto Injury Losses in New York City Metro Area Far Outpace Inflation

Nov 22, 2011
New findings from an Insurance Research Council (IRC) study of personal injury protection (PIP) claims closed in 2010 show that claimed losses for medical expenses, lost wages, and other expenses related to injuries from auto accidents in the New York City area have risen 70 percent over the past