Claims & Reserving
Penn State to Newtown to Boston: Victim Compensation Expert Feinberg Gets the Call
His work has immersed him in events that read like a roster of recent catastrophes, from 9/11 to the Gulf oil spill. Now, Kenneth Feinberg is adding the Boston Marathon bombings to that list. The ...
U.S. P/C Industry 2012 Income $33.5B In Spite Of $32B In Cat Losses
U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate—in part because ...
Researchers Develop Device to Mitigate Blackouts, Prevent Equipment Damage
A local power failure in Ohio ten years ago caused a series of cascading power failures that resulted in a massive blackout that affected 50 million people and caused billions of dollars in damage ...
U.S. Drought Falls Below 50 Percent for First Time in 10 Months
The area of the contiguous United States in moderate drought or worse fell below 50 percent for the first time since June 19, 2012, according to the latest edition of the U.S. Drought Monitor ...
Superstorm Sandy Jolt Detected At U.S. Quake Stations: Scientists
Superstorm Sandy didn't just rattle the East Coast, it also jiggled the ground across the country ever so slightly, scientists reported Thursday. Earthquake sensors located as far away as the Pacific ...
J.D. Power: Auto Insurance Claims Satisfaction Down; Out-of-Pocket Expense Up
Overall auto insurance customer satisfaction has declined by 11 points to 850 on a 1,000-point scale, according to the J.D. Power and Associates 2013 Auto Claims Satisfaction Study—Wave 2 released ...
Warming Slowdown Exposes Uncertainty in Climate Science
Scientists are struggling to explain a slowdown in climate change that has exposed gaps in their understanding and defies a rise in global greenhouse gas emissions. Often focused on century-long ...
Florida Workers’ Compensation Ruling’s Pricetag: $65 Million
A Florida court's ruling that the state's 104-week limit on injured workers' temporary benefits is unconstitutional could increase costs by $65 million, says the workers' compensation industry's ...