Claims News Recap
December 11th - 15th
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Friday, December 15th, 2017
Opportunities for “broker-driven” usage-based auto insurance are likely to be down the road, but brokers are telling a large Canadian mutual that their insurance customers don’t want their insurers monitoring how they use their vehicles. “Our brokers are advising us that our customers are not fans of telematics,” Wawanesa chief strategy officer Carol Jardine told Canadian Underwriter this week...
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Thursday, December 14th, 2017
Deluged with phone calls from policyholders after Hurricane Irma, state-run Citizens Property Insurance Corp. is planning to create a self-service online portal in time for the 2018 hurricane season. “There are lessons learned from every event, and what we learned very quickly during Irma is that we did not have an online claims capability,” Citizens President and CEO Barry Gilway said...
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Wednesday, December 13th, 2017
The State Insurance Commissioner’s Office said it suspects it will see thousands of claims following Friday’s snowstorm. Channel 2 consumer investigator Jim Strickland learned Monday that the complaints range from food spoilage, extended power outages and car wrecks. In Cherokee County, the sheriff’s office said they filed 45 accident reports with a dozen injuries, in the 72 hours after the snow...
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Tuesday, December 12th, 2017
“Nearly 7,000 tons” of baby milk formula made by the French company Lactalis has been recalled over fear of salmonella contamination. The recall affects all products made at a factory in Craon in northwest France since February 15, 2017, including some meant for export to Britain, China, Greece, Haiti, Colombia, and Peru, among other countries...
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Monday, December 11th, 2017
Occupational injuries and illnesses are estimated to cost the United States as much as $250 billion a year. So cutting down on insurance costs in this area makes huge financial sense. In the construction industry, many companies are turning to wearable technology to better manage risks and incidents — and there are insurance benefits to be leveraged from doing so...
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