In Depth Insurance News


American Insurance Group Provides Coverage against Sexual Violence for Up To $3 Million

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By: Gokul Menon January, 23, 2020

“The National Intimate Partner and Sexual Violence Survey” undertaken by the Centres for Disease Control and Prevention reveals some chilling facts. It states that most victims of rape in the U.S. knew their perpetrators and that more than 1 in 3 women have been victims of sexual abuse during their lifetime. Among men, 1 in 4 have been victims of sexual abuse during their lifetime.

The aftermath of sexual violence goes far beyond the physical. It can lead to a lifetime of psychological trauma and can have extreme effects such as Post-Traumatic Stress Disorder. Trauma resulting from sexual violence can affect the victim’s life in more than one way. It is essential to note that a system of hierarchy (gender, race, and class) is what enables this violence.

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Poverty Gap between Blacks and Whites is as High as 36.4 percent in the U.S.

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By: Gokul Menon January, 22, 2020

A study conducted on poverty based on race/ethnicity revealed a continuing gap between racial and ethnic communities in the country.

Gavop gathered state-wise data from eight states in the U.S. with the most significant difference between communities among racial lines. This was done to conduct in-depth research into the disparities in the country along racial and ethnic lines. As the above infographic suggests, the gap between the two communities still seems to be quite large.

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Poverty Levels among Blacks Nearly Twice that of Whites over the Past 16 Years

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By: Gokul Menon January, 21, 2020

Poverty in the U.S. continues to affect people of color. Ever since the civil rights movement of the 1950s, attempts have been made to resolve this problem. African Americans have come a long way since then in terms of education and employment. But, as Gavop’s research indicates, there continues to be a significant gap among racial lines.

In 2007, 19.8 percent of the Black population was in poverty. From 2007 to 2013, for a period of six years, this number kept increasing, reaching 23.9 percent, both in 2012 and 2013.

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Top 10 States with the Highest and Lowest Number of Motor Vehicle Thefts in U.S.A

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By: Gokul Menon January, 20, 2020

After conducting an in-depth analysis of the latest data and reports (2018) published by the National Insurance Crime Bureau (NICB) and the National Crime Information Center (NCIC), Gavop lists the top 10 states with the highest and lowest number of auto thefts in the country.

California topped the list with the highest number of motor vehicle thefts in the U.S. Texas came in second, with 74,079 thefts in 2018. The lowest numbers are from the state of Vermont.

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Top Five Largest Car Exporters in the World and the Countries they Export To

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By: Gokul Menon January, 14, 2020

The United States of America is among the top five leading exporters of new passenger vehicles and light trucks. It ranks third globally in this list, behind Germany and Japan, in terms of the value of automobile exports. In terms of production, the U.S. ranks second in the world. The top 5 countries in terms of the value of automobile exports are:

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Percentage of Women Employed as Insurance Underwriters and Insurance Claim Processing Clerks is Higher than that of Men

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By: Gokul Menon January, 13, 2020

The employment of women, African Americans, and other minorities who have been historically oppressed has had a significant impact on empowering them. The insurance industry seems to be at the forefront of progressing towards a more egalitarian society.

While whites occupy 78 percent of the total workforce, African-Americans only occupy a mere 12.3 percent. Hispanics and Asians occupy 17.3 percent and 6.3 percent, respectively. Whites continue to occupy a significant part of the insurance sector as well, but the percentage of African-American Insurance underwriters and Insurance Claims Processing Clerks is a little higher than the percentage of African-Americans in the national workforce.

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A Comprehensive List of the Data Collected by Fossil Smart Watches

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By: Hemanth Ramesh January, 07, 2019

Smartwatches have becomes one of the most intimate and personal wearable technology that an individual can use in present times. These devices can track a user’s health and lifestyle in more ways than the individual otherwise could. They are also capable of making bank transactions, taking photos, recording audio, and even measuring a person’s heart rate.

Therefore, the privacy and safety of the data shared can be extremely important from an individual’s perspective. Gavop analyzed Fossil’s privacy policy to make a comprehensive list of information collected by the company from customers using their smartwatches and  app. The data collected by the company can be categorized into 5 sections.

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Top Ten Cities in the U.S. with the Highest and Lowest Annual Congestion Cost

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By: Gokul Menon January, 02, 2020

The data published by the U.S. Department of Transportation (USDOT) reveals a staggering increase in annual congestion costs in multiple cities of the country. San Francisco and Los Angeles lead the way in this respect and lays emphasis on the amount of congestion in the state of California. This study, conducted by the USDOT, takes into account multiple factors that add to an auto commuter’s congestion cost. Some of these include:

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70 Million Vehicles to be recalled due to defective Takata Airbags

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By: Hemanth Ramesh December, 27, 2019

According to data published by the National Highway Traffic Safety Administration (NHTSA), frontal airbags reduce fatalities by 14% even when seatbelts were not in use. Standard airbags might also help individuals lower their car insurance premiums.  In 2017 alone, 2,790 lives were saved due to the deployment of airbags, an increase from 2,422 lives in 2012.

According to the temperature and humidity, vehicles in different states have been categorized under different zones. Vehicles in Zone A are most at risk. The maps below shows the states that have been categorized under Zone A.

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Percentage of Hispanic households Surpasses Black households for the first time in History

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By: Hemanth Ramesh December, 17, 2019

According to Gavop’s analysis of data published by the Census Bureau, the number of Hispanic households has seen the most significant increase in percentage among all ethnic minorities. For the first time in history, the number of Hispanic households crossed the number of black households in the country. In 2019, the number of Hispanic households stood at 17.8 million, while the number of black households stood at 17.2 million.

The percentage of Hispanic householders who owned their homes was also higher than the percentage of black householders who owned their homes in 2019, according to the Census Bureau.

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Old male driver fatalities increase by 25% compared to 17% for old female driver fatalities

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By: Hemanth Ramesh December, 16, 2019

According to a report published by the National Highway Traffic Safety Administration (NHTSA), from 2008 to 2017, older male driver fatalities increased by 25%, compared to a 17% increase in older female driver fatalities.

An analysis by Gavop finds that female drivers over the age of 65 were less likely to cause accidents compared to male drivers over the age of 65. For female drivers over the age of 85, 12.41 crashes were reported per 100,000 licensed drivers compared to 34.30 crashes per 100,000 individuals. Compared to younger drivers, senior drivers are more likely to be killed in car crashes where the initial impact point is on the left side (17% vs 11%).

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