Claims & Reserving
Thoughts on Cleaning Up the Claims Department
It would be an understatement to say that the insurance industry has a few problems involving consumer loyalty, and claims issues certainly don't help. A recent Accenture Report found that 14 percent ...
Genetic Markers May Fuel Next Wave of P/C Insurer Asbestos Reserve Hikes
Actuaries and casualty insurance company financial officers who are not tuned into the revolution occurring in molecular biology may be blindsided by the next influx of asbestos claims, according to ...
AIG Unit Sued by Boy Scouts Over 1970s Sex Abuse Settlements
A unit of American International Group Inc. was sued by the Boy Scouts of America over claims it refused to provide insurance coverage for settlements of child sex-abuse cases from 1975 to 1980. The ...
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, ...