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A Way to Attack Healthcare Fraud

If insurers want to mitigate risk, rather than risk their time and money with litigation, if they want to guard against fraudulent claims, if they want to protect good doctors against wrongful claims, then they should invest in sound legal counsel.
May 13, 2019 Liability Life & Health Litigation Risk Management

Your Next Catastrophic Risk? Hint: It Has Nothing To Do With Climate Change

Amped-up settlements and jury awards are creating upward pressure on the global liability market, while new technology offers an opportunity for insurers to be more proactive.
May 9, 2019 Liability Litigation Risk Management

Costco Gender Discrimination Suit To Be Covered By Excess Insurance, Says Court

Poor employment practices at Costco have left the retail giant’s insurer on the hook for an underlying discrimination case.
May 9, 2019 Litigation Risk Management Washington

Boston Bound: What To Expect At CLM’s 2019 CMPL Conference

This July marks the start of a fully reinvented conference that focuses on cyber, management, and professional liability claims issues—something Andrew Fastow, a former Enron executive who served six years in prison after pleading guilty in 2004 to two counts of conspiracy to commit securities and wire fraud, knows something about.
May 7, 2019 Excess & Surplus Lines Liability Litigation Risk Management Technology

U.S. Religious Centers Buy More Insurance After Raft Of Shootings

U.S. religious centers are buying special insurance to protect them from the financial consequences of an armed intruder opening fire in their buildings.
May 2, 2019 Excess & Surplus Lines Risk Management

Mitigating Property Damage With New Construction Standards For Wind Resilience

High winds contributed in part to most catastrophes in Canada over the past few decades, prompting the need for a new national standard on wind resilience, the Institute for Catastrophic Loss Reduction (ICLR) said Thursday.
April 29, 2019 Catastrophe Legislation & Regulation Property Risk Management

70% Of Workers’ Comp Billing Disputes End Badly For California Payers

A performance report on the first five years of California’s independent bill review program reveals that claims adjusters’ billing decisions rarely align with how the state workers’ comp system sees things.
April 18, 2019 Legislation & Regulation Risk Management Workers' Compensation California

Damage From Past Storms Reveals The Risks Of Tornado And Hail Activity

Last year, the United States saw above-average activity for hurricanes, floods, wildfires and high winds.
April 15, 2019 Catastrophe Education & Training Property Risk Management

The Evolution Of Parametric Insurance

Unlike traditional property coverage, parametric insurance is a type of insurance that does not indemnify the pure loss, but rather issues a set payment upon the occurrence of an objective triggering event, such as an earthquake of a certain magnitude or a hurricane of a specific intensity.
April 11, 2019 Risk Management

Liberty Mutual Reveals How Much Workplace Injuries Are Costing Employers Each Week

Workplace injuries cost US companies more than $1 billion per week, according to new data from Liberty Mutual.
April 11, 2019 Risk Management Workers' Compensation

The Effects Of Natural Disasters On Insurers Are Coming Home To Roost

Record floods that submerged parts of the Midwest as a result of a deadly combination of melting snow and heavy rains have caused $3 billion in damages so far, and more flooding is in the forecast, according to news reports. This recent natural catastrophe is once again sending warning signals about the intensifying weather-related events that are likely to continue impacting the US in the years to come, including regions that typically haven’t seen wild weather in the past.
April 10, 2019 Catastrophe Risk Management

What’s On The Horizon For Commercial Claims?

For years, personal lines has offered digital claims capabilities that have transformed the way consumers interact with insurers — all the while, commercial lines has been left in the dust … or has it?
April 10, 2019 Risk Management Technology

American Family Announces Partnership To Offer Smart-Home Protection

American Family Insurance has announced a partnership with UK start-up Neos to help US customers proactively protect their homes using smart-home technology. The partnership is the first of its kind for a US insurer, according to American Family.
April 9, 2019 Property Risk Management Technology

More Dangers Lurking In Claims-Made Policy Forms

This article is the second in a series of three articles addressing the potential pitfalls embedded in claims-made coverage triggers. The final article in this series will examine three additional claims-made coverage trigger traps and explain how to avoid them.
April 8, 2019 Education & Training Risk Management

Getting Answers On Questionable Workers’ Compensation Claims

When investigating a workers compensation claim, the employer and insurer/servicing agent are given limited time to make a tough decision: accept or deny the claim.
April 8, 2019 Fraud Risk Management Workers' Compensation
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