Claims & Reserving
Sharing Economy, New Technology Pose Challenges for Insurers
Emerging risks associated with the sharing economy and new technology pose new challenges for insurers, according to members of the International Association of Claim Professionals (IACP) who sat ...
How Will Rising Okla. Earthquake Risks Shake Up the Insurance Market?
The magnitude 5.0 earthquake that struck near the oil and gas storage hub of Cushing, Okla., on Nov. 6 put the nation on alert to the vulnerability of the country's oil reserves to the significant ...
Chrysler Sued by Consumers Alleging Diesel Pollution Cheating
Diesel pollution cheating allegations hit a U.S. carmaker as Dodge truck owners sued Chrysler Monday, claiming some engines were rigged to hide emissions as much as 14 times higher than the law ...
IACP Conference Report: Claims Has to Up Its Game to Attract New Hires
With the expected exodus of thousands of skilled claims professionals within the next few years, concern is growing among insurers about how to best address the need for experienced claims employees. ...
Intelligent Claims Outsourcing: 3 Skill Sets Required
In 2013, a cluster of tornadoes struck Moore, Okla., in the most damaging lineup since Joplin, Mo., two years prior. Meanwhile, in Cincinnati, a 1905 Tiffany Studios Daffodil lampshade fetched a ...
Workers Comp Rates Priciest in Calif. and N.J., Lowest in N.D.
California and New Jersey had the nation's most expensive workers compensation rates, while North Dakota had the lowest rates in the nation, a new report shows. A report released this week by the ...
Hurricane Matthew Damage Won’t Harm Most Insurer Ratings: A.M. Best
A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in ...
Fla.’s Hurricane Matthew Damage Claims Already Over $218M
Property damage caused by Hurricane Matthew has spawned over $218 million in insurance claims so far in Florida, according to state officials, much less than the multibillion-dollar toll initially ...