Moving fast fast forward: The great US speed limit debate
June 25, 2018
In the United States, elected officials in states from Idaho to Virginia are discussing possible changes to speed limit rules. Legislators in multiple states are also pursuing the elimination of speed limit differentials for cars and trucks. The topic has generated a lot of debate in the safety community with a variety of academic studies reaching different conclusions.
The Owner-Operator Independent Drivers Association, for instance, says roadways are safest when all vehicles are permitted to travel at the same rate of speed. At the same time, many states are proposing to increase speed limits. However, a 2016 US Department of Transportation study of fatal crashes completed by the Federal Motor Carrier Safety Administration found that speeding was the number one factor responsible for loss of life (297 deaths and 6.8% of all fatalities). Conversely, driving too slow on a high speed roadway can also create hazards.
As an insurance carrier, XL Catlin has a vested interest in customer driver safety and defensive driving practices. We have long been a proponent of obeying speed limits, maintaining speeds appropriate for conditions, and generally recommending safer and slower speeds for our insureds. These practices allow more time, particularly for truck drivers, to react and take safe actions. However, the recent debate on increased speed limits and regulatory action on variable speed roadways continues to present challenges for our clients.
Property Perspective: Steering through a firming commercial property insurance market
November 25, 2019
2019 is almost, but not quite, over. It’s been quite a year for AXA XL’s Michele Sansone and her North America Property Insurance team. For the first time in a long time, she and her team are helping clients manage an increasingly firming commercial property insurance market. In the face of increasing
Small Business Owners: IoT is Key to Better Property Risk Management
November 04, 2019
Insurance and risk management are changing.
Thanks to advances in technology, the focus today has shifted more toward preventing losses instead of just paying for them. The Internet of Things and the power of connected sensors has enabled property owners to monitor their buildings 24/7 and manage risks
Natural catastrophes: how modelling can give European risk managers a new perspective
October 28, 2019
Natural catastrophes can have a huge impact on a company, its operations and its workforce. For risk managers, estimating the annual losses suffered by a portfolio of assets and getting a sense of how an event could affect key facilities or locations is indispensable to allocate resources and prioritise