Insurance Journal » Denise Johnson http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Wed, 01 Jul 2015 19:27:11 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 How Wearable Devices Could Interrupt the Insurance Industry http://www.insurancejournal.com/magazines/features/2015/06/15/371037.htm Mon, 15 Jun 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=371037 Nearly 50 years after Captain Kirk began using his wrist communicator on the television show, Star Trek, wearable technology is taking hold. From Fitbit and Nike Fuelbands to Google Glass and Golden-I, the technology is influencing how people live and …

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Top 5 Issues in Business Interruption Insurance http://www.insurancejournal.com/magazines/features/2015/06/15/371034.htm Mon, 15 Jun 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=371034 The high costs related to business interruption should provide an impetus for companies to prep for their clients in advance, according to industry experts. During a recent webinar hosted by global broker Marsh, insurance experts detailed the top five issues …

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Workers’ Compensation Eyes Telemedicine As Treatment Option http://www.insurancejournal.com/news/national/2015/06/12/371684.htm Fri, 12 Jun 2015 18:52:18 +0000 http://www.insurancejournal.com/?p=371684 Cost savings, better access to care, immediate triaging of injuries and faster claims closings are just some of the benefits of telemedicine, according to workers’ compensation experts, who also say its use is growing. Telemedicine could potentially deliver more than …

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2 Years After Tornado, Oklahoma’s Moore Rebuilding; View Video http://www.insurancejournal.com/news/southcentral/2015/06/05/370676.htm Fri, 05 Jun 2015 16:08:19 +0000 http://www.insurancejournal.com/?p=370676 Two years ago on May 20, an EF 5 tornado touched down in Moore, Oklahoma, 4.4 miles west of Newcastle. The powerful twister, with wind speeds reaching 210 miles per hour, cleared a path of destruction stretching 14 miles while …

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Top 5 Issues in Often-Misunderstood Business Interruption Insurance http://www.insurancejournal.com/news/national/2015/06/03/370268.htm Thu, 04 Jun 2015 00:00:40 +0000 http://www.insurancejournal.com/?p=370268 The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts. During a recent webinar hosted by global broker Marsh, insurance experts detailed the top five issues related …

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NCCI State of the Line Report Reveals Positive Outlook for Workers’ Compensation Market http://www.insurancejournal.com/magazines/features/2015/06/01/369410.htm Mon, 01 Jun 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=369410 The workers’ compensation industry had a pretty good 2014 in which its combined ratio improved for the third consecutive year, premium grew for the fourth consecutive year, and claim frequency declined about two percent. But the results in 2014 were …

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Honesty the Best Policy with Food-Related Recalls http://www.insurancejournal.com/magazines/features/2015/06/01/369395.htm Mon, 01 Jun 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=369395 While peanut butter and cantaloupe made news in recent years, ice cream is the latest item to be pulled off grocery store shelves due to foodborne-illness. Brenham, Texas-based Blue Bell Creameries’ listeria-tainted ice cream has been linked to at least 10 illnesses and three …

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The Scoop on Recall Insurance and Listeria-Linked Ice Cream http://www.insurancejournal.com/news/national/2015/05/22/368514.htm Fri, 22 May 2015 10:24:19 +0000 http://www.insurancejournal.com/?p=368514 While peanut butter and cantaloupe made big news in recent years, ice cream is now the latest item to be pulled off grocery store shelves due to foodborne-illness. Brenham, Texas-based Blue Bell Creameries’ listeria-tainted ice cream has been linked to …

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How Wearable Devices Could Disrupt the Insurance Industry http://www.insurancejournal.com/news/national/2015/05/06/367014.htm Wed, 06 May 2015 10:19:43 +0000 http://www.insurancejournal.com/?p=367014 Nearly 50 years after Captain Kirk began using his wrist communicator on the television show, Star Trek, wearable technology is taking hold. From Fitbit and Nike Fuelbands to Google Glass and Golden-I, the technology is influencing how people live and …

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How Media Portrayals Influence Workers’ Compensation Fraud http://www.insurancejournal.com/news/national/2015/04/14/364209.htm Tue, 14 Apr 2015 13:34:19 +0000 http://www.insurancejournal.com/?p=364209 The depiction of workers’ compensation fraud by the media has affected the public’s perception of the crime, according to claims experts. While workers’ comp fraud is often depicted in a comedic way, that isn’t the case when it comes to …

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More States Eye Use of Drug Formularies in Workers’ Compensation http://www.insurancejournal.com/news/national/2015/03/10/359944.htm Tue, 10 Mar 2015 15:16:34 +0000 http://www.insurancejournal.com/?p=359944 While workers’ compensation pharmacy benefit managers have been utilizing drug formularies to control prescription drugs costs and monitor medical treatments for a long time, states are now catching on. Drug formularies are lists of prescription drugs that are considered appropriate …

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Top Trends in Employment Practices Liability Claims http://www.insurancejournal.com/magazines/features/2015/01/12/353253.htm Mon, 12 Jan 2015 00:00:00 +0000 http://www.insurancejournal.com/?p=353253 Unpaid internships, illegal background checks, pregnancy and health-related employment discrimination continue to be the top trending employment practices litigation cases, according to industry experts. Claims costs are rising, in part due to the length of time it takes to resolve …

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Oversized Cargo Haulers Seek Exemption from 30-Minute Break Rule http://www.insurancejournal.com/news/national/2014/12/03/348754.htm Wed, 03 Dec 2014 09:00:27 +0000 http://www.insurancejournal.com/?p=348754 Oversized and overweight cargo haulers that can only operate on roadways at certain times of day are seeking an exemption from a new federal trucking regulation requiring drivers to take a 30-minute rest every eight hours. Last month, the Specialized …

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Various Insurance Lines Could Potentially Be Affected by Ebola http://www.insurancejournal.com/news/national/2014/10/24/344759.htm Fri, 24 Oct 2014 18:30:06 +0000 http://www.insurancejournal.com/?p=344759 As fears of an Ebola pandemic spread, many U.S. businesses are wondering if insurance will cover any complications that may arise. According to experts, the outbreak could potentially impact several insurance lines. According to Randy Nornes, executive vice president at …

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Insureds Rarely Have Home Inventories Despite Benefits, Say Claims Pros http://www.insurancejournal.com/magazines/features/2014/10/06/342076.htm Mon, 06 Oct 2014 00:00:00 +0000 http://www.insurancejournal.com/?p=342076 Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts. An Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of homeowners are concerned about protecting their homes, only …

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Complex Energy Industry Requires ‘Power’ Underwriters http://www.insurancejournal.com/news/national/2014/09/25/341598.htm Thu, 25 Sep 2014 16:21:29 +0000 http://www.insurancejournal.com/?p=341598 The energy industry is not a risk for every underwriter; it requires considerable underwriting expertise due to its complexity and rapid growth. “Power is one of the fastest growing segments in the U.S,” according to Tom Fitzgerald, CEO of Aon …

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Prevention, Improved Response Stressed in West Explosion Report http://www.insurancejournal.com/magazines/features/2014/09/08/339319.htm Mon, 08 Sep 2014 00:00:00 +0000 http://www.insurancejournal.com/?p=339319 Improvements in the response to large, complex fires was just one of the suggestions in a state fire marshal report on the fire and deadly explosion of a fertilizer plant in West, Texas, early in the evening on April 17, …

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Insureds Rarely Have Home Inventories Despite Benefits, Say Claims Pros http://www.insurancejournal.com/magazines/features/2014/09/08/339278.htm Mon, 08 Sep 2014 00:00:00 +0000 http://www.insurancejournal.com/?p=339278 Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts. A recent Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of homeowners are concerned about protecting their homes, …

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Prevention, Improved Response Stressed in West Explosion Report http://www.insurancejournal.com/news/southcentral/2014/08/19/338091.htm Tue, 19 Aug 2014 16:41:49 +0000 http://www.insurancejournal.com/?p=338091 Improvements in the response to large, complex fires was just one of the suggestions in a state fire marshal report on the fire and deadly explosion of a fertilizer plant in West, Texas, in the early evening of April 17, …

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Insureds Rarely Have Home Inventories Despite Benefits, Say Claims Pros http://www.insurancejournal.com/news/national/2014/08/18/337870.htm Mon, 18 Aug 2014 16:52:56 +0000 http://www.insurancejournal.com/?p=337870 Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts. A recent Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of homeowners are concerned about protecting their homes, …

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Storm Season a Reminder of the Importance of Building Stronger http://www.insurancejournal.com/magazines/features/2014/07/21/334723.htm Mon, 21 Jul 2014 00:00:00 +0000 http://www.insurancejournal.com/?p=334723 A home in Burnet County, Texas, that was picked up and carried 100 yards by a tornado in June, was reinforced according to its owner, Trenton Ashworth. When the twister hit, the family of four took cover in a bathroom. …

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Central Texas Home an Example of the Benefits of Building Stronger http://www.insurancejournal.com/news/southcentral/2014/07/09/334138.htm Wed, 09 Jul 2014 16:39:46 +0000 http://www.insurancejournal.com/?p=334138 A home in Burnet County, Texas, that was picked up and carried 100 yards by a tornado last month, was reinforced according to its owner, Trenton Ashworth. The National Weather System reported that the EF-2 tornado that hit the Texas …

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The Rising Score of Youth Sports Head Injury Claims http://www.insurancejournal.com/magazines/features/2014/04/21/326383.htm Mon, 21 Apr 2014 00:00:00 +0000 http://www.insurancejournal.com/?p=326383 Last year, the NFL agreed to settle a concussion lawsuit filed by former players for $914 million. As concussion-related lawsuits continue to be filed against professional sports teams, equivalent claims and litigation will soon be seen in a variety of …

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Insurers Warned on Rise in Fraudulent Car Rental Schemes http://www.insurancejournal.com/news/national/2014/03/19/323686.htm Wed, 19 Mar 2014 14:45:53 +0000 http://www.insurancejournal.com/?p=323686 In the last 12 months, Kraig Palmer he has seen rental car schemes “rise faster than any other auto fraud trend.” Palmer, an investigator with the California Highway Patrol, describes this fraud as a multilevel crime, committed by opportunistic drug …

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Court Rules Ohio Landlords Are Liable for Safety of Tenants’ Guests http://www.insurancejournal.com/magazines/features/2014/03/10/322505.htm Mon, 10 Mar 2014 00:00:00 +0000 http://www.insurancejournal.com/?p=322505 Landlords are on notice after a ruling by the Ohio Supreme Court. The high court ruled that landlords owe the same duty of safety to guests as they do for tenants. In Mann v. Northgate Apartments, a 16 year old was …

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The Future of Drones in the Insurance Industry http://www.insurancejournal.com/news/national/2014/03/07/322658.htm Fri, 07 Mar 2014 15:56:19 +0000 http://www.insurancejournal.com/?p=322658 After a catastrophe hits, mobile units filled with adjusters are on site to evaluate property damage. Flash forward five years and an insured may never meet the property adjuster handling his or her claim. Instead, a drone is sent to …

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Southeast States Battle Prescription Drug Abuse http://www.insurancejournal.com/magazines/features/2013/06/17/295212.htm Mon, 17 Jun 2013 00:00:00 +0000 http://www.insurancejournal.com/?p=295212 Deaths from prescription drug overdoses jumped 360 percent in the last decade in the Appalachian region, according to the Center for Clinical and Translation Science. As a result of this epidemic, states in the Southeast have weighed legislation addressing prescription …

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Yacht Fires Pose Challenge to Firefighters and Insurers http://www.insurancejournal.com/magazines/features/2013/02/25/281862.htm Mon, 25 Feb 2013 05:00:00 +0000 http://www.insurancejournal.com/?p=281862 Difficult to access and usually within confined spaces, yacht fires can grow into big losses quickly, posing challenges to both firefighters and insurers. Severity, a concern for high-end watercraft insurers led to the creation of AIG Private Client Group’s, loss …

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Insurer Reports Sandy Flood Claims Resolving Quickly http://www.insurancejournal.com/news/east/2013/02/14/281302.htm Thu, 14 Feb 2013 17:59:04 +0000 http://www.insurancejournal.com/?p=281302 A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal Emergency Management Agency (FEMA), according to Jeff …

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Insurers Go Beyond Paying Claims for Sandy Victims http://www.insurancejournal.com/news/national/2012/11/21/271191.htm Wed, 21 Nov 2012 08:00:42 +0000 http://www.insurancejournal.com/?p=271191 According to the U.S. Chamber of Commerce, Superstorm Sandy affected 16 states causing unprecedented damage to the East Coast. As a result of the storm, businesses including insurers have pledged more than $123 million to support recovery efforts, with two …

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