Vital Statistics of Car Accidents

The things you should know before getting started. And accidents should be avoided to reduce the cost of insurance. The more you involved in accidents the more you tend to file a claim. That in turn reduce the insurance as well as the credit score. And this reduction will affect the premium...... it is supposed to rise.

• One in five teenage drivers is involved in an accident in the first year of driving.
• Vehicular crashes are the leading cause of death for 15Ð to 20-year-olds and account for more than 40 percent of overall fatalities for that age group.
• in 2001 alone, 3,608 drivers between the ages of 15 and 20 were killed nationwide; in the last decade, more than 68,000 teens were killed.
• In Maryland in 2004, there were 109 people ages 16-20 killed in auto accidents; 112 were killed in 2003.
• Nearly half of the fatal crashes involving 16-year-old drivers were single-vehicle crashes.
• Twenty-five percent of 15Ð to 20-year-old drivers killed in crashes in 2001 had blood alcohol concentrations of 0.08 percent or greater and were considered intoxicated.
• The fatality rate for teenage drivers is about four times higher than the rate for drivers 25 to 69 years of age.
• For the teenage driver, the presence of one passenger almost doubles the risk of a fatal crash, compared to driving alone. With two or more passengers, the fatal crash risk is five times as high as driving alone.
  
  Date source: The National Highway Traffic Safety Administration, the Insurance Institute for Highway Safety, the Maryland Motor Vehicle Administration and the Maryland State Police.

Terrorism Insurance

In addition to the risk of natural disasters, the insurance industry faces the threat of terrorist attacks. Losses stemming from the destruction of the World Trade Center and other buildings by terrorists on September 11, 2001 totaled about $32.5 billion, including commercial liability and group life insurance claims—not adjusted for inflation—or $35.9 billion in 2005 dollars. About two thirds of these losses were paid for by reinsurers, companies that provide insurance for insurers.

The full story can be viewed here:
http://www.iii.org/media/hottopics/insurance/terrorism/
http://www.iii.org/media/hottopics/insurance/sept11/tria/

Insurance Fraud

Fun is not meant for anytime. Let us concentrate on some serious issue. I am going to provide some data on insurance fraud that I am sure will knock you.

• Insurance fraud is the second largest crime in USA after the Tax evasion.
• Property/casualty insurance fraud cost insurers about $30 billion in 2004.
• Prompted by the incidence of insurance fraud, about 40 states have set up fraud bureaus.
• One in 10 paid BI auto claims in CA had the appearence of fraud. And it was found that between $319 and $432 million in BI payments were attributable to fraud and buildup.

You can also share your views with relation to insurance fraud. Raise your voice to make the world insurance scam free.

Funny Insurance Claims

Hi, this is a collection of funny insurance claims that are taken from actual accidents claims forms. Enjoy these.....

Accidents with other vehicles.
• I collided with a stationary truck coming the other way.
• A truck backed through my windshield into my wife's face.
• The other car collided with mine without giving warning of its intention.
• My car was legally parked as it backed into another vehicle.
• When I saw I could not avoid a collision I stepped on the gas and crashed into the other car.
• I started to slow down but the traffic was more stationary than I thought.
• The accident occurred when I was attempting to bring my car out of a skid by steering it into the other vehicle.
• I was backing my car out of the driveway in the usual manner, when it was struck by the other car in the same place it had been struck several times before.
• I was unable to stop in time and my car crashed into the other vehicle. The driver and passengers then left immediately for a vacation with injuries.
• The gentleman behind me struck me on the backside. He then went to rest in a bush with just his rear end showing.
• The car in front of me stopped for a yellow light, so I had no choice but to hit him. (She pushed him through the intesection)

ha ha ha ....

Insurance Jokes

Some insurance jokes for you....


1. A woman was in the hospital after feeling very ill. The doctor says to her, "I have some bad news for you. You only have three months to live." "Oh that's terrible," the woman sighs, "what am I going do?" The doctor replies, "Marry an insurance agent." "Will I live longer?" asks the woman. "No," replies the doctor, "but it will SEEM longer."

2.
Q: Do you know what a woman and insurance have in common?

A: They are both expensive, difficult to understand and what you get is not guaranteed.

Q: Do you know the difference between a man and a whole life policy?
A: A whole life policy eventually matures.