Claims & Reserving
Drone Permits Soar as FAA Develops Rules for Their Use
The Federal Aviation Administration is issuing permits for the commercial use of drones at a rate of about 250 a month as it tries to meet the growing demand for unmanned aircraft while it develops ...
Why Back Surgery Rates Vary by State: WCRI Report
A new study from the Workers Compensation Research Institute delves into the reasons why back surgery rates vary widely for workers in different states, with Oklahomans nearly three-times as likely ...
BP to Pay $18.7B Over 18 Years to Settle Spill Claims With 5 States, U.S.
BP Plc has agreed to a preliminary deal in which it will pay a record $18.7 billion to settle claims by five Gulf states and the U.S. government for the 2010 Deepwater Horizon oil spill, the worst ...
Liberty Mutual Launches Telematics Option For Home Smoke Alarms
Liberty Mutual Insurance hopes to advance the use of telematics in the home, with promises of extra discounts to customers who use a high-tech smoke and carbon monoxide alarm and agree to share the ...
Progressive: Motorcycle Claims Peak in July
Progressive found that the average number of motorcycle insurance claims peaks in July, soaring 78 percent higher than in any other month, according to a review of its 2014 data. Beyond July, ...
Workers Comp Underwriting Profit Possible as Trends, Reserve Quality Improve: Fitch
Traditionally one of the most challenging underwriting segments in the U.S. commercial lines insurance market, workers compensation has experienced a meaningful turnaround in performance from large ...
Rain and Floods Shaped Allstate’s May Catastrophe Losses
Allstate said it handled estimated pre-tax catastrophe losses for May that reached $178 million, the bulk of which came from four severe weather events. The number actually hit $180 million, pre-tax ...
WCRI: Michigan WC Costs Per Claim a Major Bargain
Workers' compensation costs per claim in Michigan were lower than that of the typical state, according to a recent study by Massachusetts-based Workers Compensation Research Institute, with average ...