What do claims professionals want from their assigned counsel? Adjusters rely heavily on counsel to provide important and relevant information, which the adjusters must analyze in order to determine the strategy for any particular claim.
Severe storms came through Alabama on Wednesday, leaving a trail of splintered trees and damaged buildings. Preliminary information indicates 18 tornadoes touched down in Alabama on St. Patrick’s Day.
Straight-through processing (STP) is becoming more common in insurance underwriting and claims, especially in personal lines, individual life and small commercial.
With almost 30-years of experience in the insurance industry, Brigitte Spencer knows a thing or two about how to build a successful career. It’s all about being ‘intentional,’ she said.
Ever since COVID-19 made the jump from a fast-spreading virus to a full-blown pandemic, businesses and their insurers have been bracing for liability litigation.
For six long hours on the night of February 20 firefighters in Auburn, Nebraska battled a blaze which destroyed at least 2 dozen cars at dealership Auburn Auto, many of them classics.
Despite a big increase in road injuries and fatalities following the switch to Daylight Savings Time (DST), 40% of Canadians are unaware of the risks on the road the day after DST begins, according to a new survey commissioned by RSA Canada and Gallagher in Canada.
Fast forward 15 years. U.S. catastrophe losses have leveled off at sub-$350 billion for the past three years, with 2035 marking a seven-year low. The Insurance Institute for Business and Home Safety (IBHS) just certified its 1,000th Fortified Community, meaning 75% of Americans now live in a jurisdiction with a truly holistic, fully risk-aware, climate resilience plan.
By finding opportunities for digital transformation within the claims function, insurers may reduce costs and increase performance. The reduction in profitability due to rising claims rates is creating pressure.
Two people were killed when the small plane they were in crashed in a Pembroke Pines neighborhood Monday afternoon, hitting a car as it went down and leaving the adult inside injured while a child inside later died, officials said.
Early on the morning of March 10, NYDIG, a financial services firm dedicated to Bitcoin and built specifically for institutional clientele, announced that Ted Mathas, chairman and CEO of New York Life Insurance Company, would be joining its board of directors.
Analysts at Barclays believe that the unprecedented level of losses caused by February’s Winter Storm Uri in the US could be ‘setting the stage’ for another above-average catastrophe year for re/insurers.
