Claims News

There’s No ‘Typical’ Day in the Work Cycle for Whirlpool’s Risk Manager

How does a company incorporate a sustainable and cohesive risk management system for an enterprise with nearly 100,000 employees, 70 manufacturing and technology research centers located in 170 countries around the world, and $21 billion in annual sales? It’s a …

Insurance to Pay for up to $57M in Damage to Washington Waste Treatment Plant

An analysis says equipment failures caused between $49 million and $57 million of damage at the Washington’s largest sewage treatment plant. KING-TV reported  the analysis was released related to damage at the West Point Wastewater Treatment Plant in Seattle. The …

UK Insurer Ageas Uses Artificial Intelligence to Manage Motor Claims

UK insurer Ageas has begun to use artificial intelligence (AI) technology to help manage its motor claims in partnership with AI specialist Tractable. In what it describes as “a first” for the UK market, Ageas said the technology is now …

Zurich Insurance Deploys Robots for Personal Injury Claims Handling

Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI claims handling … and saved 40,000 work hours, while speeding …

Neon Builds Claims Team by Appointing MS Amlin’s Coley, XL Catlin’s Sterling

Neon has completed the build-out of its claims team with the recent appointments of Gavin Coley as technical head of claims and James Sterling as claims manager for professional indemnity & financial lines. “Claims Director Sharon Long initiated the team …

Large Claims Becoming More Expensive, Complex & Global: Allianz

Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty (AGCS). “Although recent years have seen a noticeable rise in large environmental liability …

Future Tech to Create Lower Claims Frequency, New Threats: Allianz Report

Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a report published by Allianz Global Corporate & Specialty …

Report Shows California Workers’ Comp Written Premium up in 2016

California’s Workers’ Compensation Insurance Rating Bureau has completed its report on statewide workers’ comp insurer loss and premium experience through Dec. 31, 2016. The major findings of the WCIRB report include: California written premium for 2016 was roughly $18.1 billion, …

California Workers’ Comp Board Submits Lower Filing than Industry Average

The Workers’ Compensation Insurance Rating Bureau on Tuesday submitted a July 1 Pure Premium Rate Filing to the California Department of Insurance proposing advisory pure premium rates that average $2.02 per $100 of payroll. The move follows a vote by …

Report: Claims from Workers in California’s Sierras Involve Only 4 Industries

More than half of all claims from workers living in California’s Sierras involve only four industries, according to a report out today from the California Workers’ Compensation Institute. The CWCI’s California Workers’ Comp Regional Score Card examines the claims experience …