Claims & Reserving
Bankrupt California Utility Allowed to Establish a $105M Wildfire Victim Fund
PG&E Corp may set up a $105 million housing fund for victims of 2017 and 2018 wildfires in California, which set records for devastation and were blamed on the utility's equipment, the judge ...
AI in Claims Operations: Lessons Culled From the Early Innings
While there are many different segments of the commercial insurance industry, they often share a similar story. From my vantage point, the workers compensation system was designed to help both ...
Scor CEO Calls for ‘Richter Scale’ for Cyber; Sees Costs Soon Topping Disasters
Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a ...
Risk Alerts: Mississippi Homeowner Premiums, Hacked Scooters, Seat-Back Cameras on Airplanes
Mississippi homeowners could see premiums rise up to 25 percent thanks to Hurricane Katrina-related subrogation litigation being brought by the Mississippi attorney general. Lime electric scooters in ...
State Farm, Allstate Sue Doctors and Pain-Management Clinics, Alleging Billing Fraud
Two insurance carriers filed separate lawsuits recently against medical doctors and their pain-management clinics, accusing them of submitting bills for unnecessary medical procedures performed on ...
Florida Governor to Sign Industry-Backed Property Insurance Benefit Reform
Florida Governor Ron DeSantis has signaled he will sign the recently-passed property insurance reform legislation that the insurance industry and consumer advocates say will stem abuse of a policy ...
3 Things Insurance Carriers Need to Know Before Entering Colorado
Colorado isn't like other states. At 2.7 percent, its unemployment rate is lower than the national average. It's the seventh-fastest-growing state in the U.S., adding some 80,000 residents in 2018. ...
What Boeing Can Teach Us About Supply Chain Disruptions
As weather-related events pile up with the same alarming frequency as auto collisions on New York's Belt Parkway and Long Island Expressway, I find myself counting supply chain disruptions when I ...