Claims & Reserving
Does Workers Comp System Do Harm? Employers Seek Ways to Curb Lawsuits
Employers may be warming up to the idea that fighting some workers compensation claims and medical treatments can be counterproductive, and new emphasis should be placed on keeping injured workers ...
U.S. Motor Vehicle Travel in October Up 7.1% Over 2020
U.S. motorists drove 7.1 percent more miles in October over the same month last year as people returned to offices and resumed leisure trips, but the distance was off slightly from pre-pandemic ...
U.S. Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021
Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry's 2021 bill for weather-related claims well above the predicted $105 billion, industry ...
Record Rainfall, Floods Across Globe Generated Billions in Economic Damages in November: Aon
November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars of economic losses, according to Aon's monthly Global Catastrophe Recap report, ...
Insurer Missed Deadline to Remove $1M Bad Faith Case to Federal Court
Darryl A. Vachon did not accuse Travelers of bad faith in handling his $25,000 uninsured motorist claim until after a jury found he had incurred $1,022,780 in damages. Because he didn't, the insurer ...
Swiss Re Estimates Global Insured Catastrophe Losses of $112B for 2021
Natural catastrophes caused global insured losses of $105 billion in 2021—the fourth highest since 1970, according to Swiss Re Institute's preliminary sigma estimate. This was up from $90 billion ...
Log4j Software Flaw Sends Companies Scrambling Against Hackers
A newly discovered vulnerability in a widely used software library is causing mayhem on the Internet, forcing cyber defenders to scramble as hackers rush to exploit the weakness. The vulnerability, ...
Tornadoes That Ripped Across Central U.S. Could Be Costliest Outbreak on Record
A group of tornadoes that tore across the central U.S. on Dec. 10 and 11 resulted in widespread damage in several states and could serve as the nation's costliest tornado outbreak on record. "Based ...