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Fraud and Buildup Add 13 to 18 Percent in Excess Payments to Auto Injury Claims

Nov 24, 2008
MALVERN, Pa.— A new study by the Insurance Research Council (IRC) estimates that claim fraud and buildup added between $4.8 billion and $6.8 billion in excess payments to auto injury insurance claims closed with payment in 2007.
A blue car and a silver car have crashed on a rainy street. The hoods and bumpers of both cars are damaged.

New IRC Study Documents Role of Chiropractors in Minnesota's No-Fault Auto Insurance System

Sep 12, 2008
MALVERN, Pa.—Chiropractors now account for a greater share of total provider charges in Minnesota's no-fault insurance system than all other types of treating providers combined.
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IRC Research Documents Higher Injury Claim Costs With Lighter Weight Vehicles

Aug 26, 2008
MALVERN, Pa.— The cost of auto injury claims involving lighter-weight vehicles tends to be higher than the cost of claims involving heavy vehicles, according to new research from the Insurance Research Council (IRC).
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Impact of Colorado No-Fault Insurance Repeal Documented in New IRC Report

Mar 07, 2008
MALVERN, Pa.—In 2004, the first year after Colorado repealed its no-fault insurance law, auto injury claim costs returned to levels occurring prior to the rapid cost increases that culminated in repeal of the no-fault law in 2003.
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Falling Claim Frequency and Rising Claim Severity Create Unsettled Auto Insurance Claim Environment

Feb 27, 2008
MALVERN, Pa.— Falling auto injury claim frequency and rising claim severity have created an unsettled auto injury claim environment countrywide, according to a new report from the Insurance Research Council (IRC).
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Claimed Medical Expenses for Auto Injury Claimants Far Outpace Inflation

Feb 13, 2008
MALVERN, Pa.— A new study by the Insurance Research Council (IRC) has found that medical expenses reported by auto injury claimants continue to rise faster than the rate of inflation.
A young male claims adjuster with a clipboard crouches in front of a black damaged vehicle

Alternative Treatment Accounts for One-Third of All Treatment for Automobile Accident Injuries—Utilization Varies Widely

Oct 16, 2007
MALVERN, Pa.—According to a new report from the Insurance Research Council (IRC), approximately one out of every three auto injury insurance claimants nationwide receives some form of alternative medical treatment*, and charges from alternative-treatment providers account for approximately one-th
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Public Support for Automated Traffic Enforcement is Strong and Growing

Jul 19, 2007
MALVERN, Pa.— A new report by the Insurance Research Council (IRC) shows that public support for red light and speed cameras is strong and growing.
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IRC Report Documents Property-Casualty Insurance Industry Investments in Municipal Bonds

Jun 20, 2007
MALVERN, Pa.— Insurance industry investments in municipal bonds help fund the construction of schools, roads, and hospitals, and support a variety of other public sector activities.