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The Real Cost Of Claims Professional Fee Concessions

Insurers historically have sought to obtain independent property adjusting services to balance better, faster, and cheaper outcomes. In years past, “balancing” was understood to be the operative word.
November 2, 2016 Risk Management

Ripple Effect Of Streaming Transportation Services On Claims

From the invention of the phonograph to long-playing records, eight-track tapes, compact discs, and MP3s, we’ve experienced music by owning it. We bought it, organized it, and chose what to play.
October 28, 2016 Auto Liability Litigation Risk Management Technology

Opportunites, Challenges Ahead For Insurers With The Next POTUS

One of the largest federal lobbying bodies for the property/casualty industry does not take a position in presidential politics, but at least one among its leaders believes either outcome of the 2016 contest will be a mixed bag for the insurance business.
October 27, 2016 Legislation & Regulation Liability Property Risk Management

Trump Took $17M In Insurance For Damage Few Remember

Donald Trump said he received a $17 million insurance payment in 2005 for hurricane damage to Mar-a-Lago, his private club in Palm Beach, but The Associated Press found little evidence of such large-scale damage.
October 26, 2016 Fraud Property Risk Management Florida

Heightened Tensions On Campus Underscore The Need For Risk Management

It may not quite be the cultural revolution of the 1960s, but the atmosphere on America’s college campuses has undergone a decided shift in that direction.
October 21, 2016 Liability Property Risk Management

Five Insurance Giants Join Forces On Blockchain

They are five of the biggest insurance companies in the world — yet despite being competitors they have found a reason to join forces.
October 21, 2016 Risk Management Technology

Email Communication With Litigation Professionals Is Costing You

A blinking light, a steady vibration, a soft ding. You probably recognize all of these as notifications that a new email message has arrived. These incessant alerts keep you shackled to your phone and computer from sunrise to sundown, serving as a constant distraction.
October 20, 2016 Litigation Risk Management

Pilot Program Speeds Dispute Resolution For Texas DWC

The Texas Division of Workers’ Compensation is taking a promising pilot program statewide to help simplify and speed resolution of some disputes.
October 18, 2016 Risk Management Workers' Compensation Texas

Drones Boost Travelers' CAT Response Teams

Travelers has deployed about 60 catastrophe response professionals trained on drone technology to areas affected by Hurricane Matthew. The company’s SVP of claim, Patrick Gee, says that the company’s mature drone program is already paying off in more efficiency and a safer experience for claims professionals.
October 18, 2016 Catastrophe Education & Training Property Risk Management Technology

Insurers Settle With Foo Fighters Over Terrorism Coverage

Legendary American rock band Foo Fighters has resolved its lawsuit against various Lloyd’s of London insurers for their failure to cover losses due to cancelled shows in the wake of the Paris terror attacks.
October 14, 2016 Excess & Surplus Lines Litigation Risk Management California

Could An Incumbent Act Like Lemonade?

Lemonade, the industry disruptor touted as a game-changer for the insurance industry, has officially opened, with homeowners and renters products launched in New York. Lemonade’s opening is significant for a number of reasons.
October 3, 2016 Risk Management Technology

Political Discussions In The Workplace Could Be A Liability

The concept of “free speech” is as American as apple pie. However, any employment litigator or human resources professional can tell you that free speech and what is appropriate in the workplace are very different concepts.
October 3, 2016 Liability Risk Management

Cozy Relationships Between Insurance Commissioners And The Industry

When the Arkansas insurance commissioner weighed the merits of a hospital’s billing complaint against United Healthcare, her interactions with one of the nation’s largest health insurers extended far beyond her department’s hearing room.
October 3, 2016 Legislation & Regulation Risk Management

Evolving Insurance Ecosystems The Focus Of SMA Summit

If there were any doubts that the insurance industry is innovating and transforming, all doubts were dispelled at the 2016 SMA Summit. Insurer after insurer described innovative new business models, products and uses of emerging technologies.
September 28, 2016 Education & Training Risk Management Technology

Farmers Insurance Claims Adjusters Reach $4.9 Million Settlement

Insurance adjusters for Farmers Insurance and their employer have reached a $4.9 million settlement in the California labor lawsuit filed against the insurance company. The California wage and hour lawsuit was filed by adjusters who alleged Farmers Insurance violated state and federal labor laws and owed workers for unpaid wages and overtime.
September 27, 2016 Litigation Risk Management California
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