Claims News

Utah’s Death Investigation Backlog Impacts Insurance Payouts

Utah state medical examiners have an autopsy caseload that’s twice the recommended maximum, but the state still has a months-long delay in death investigations that’s affecting homicide investigations, insurance payouts and organ donations. The Standard-Examiner reported that Chief Medical Examiner …

Advent Claims Launches Regulatory Compliant Platform for MGAs, Coverholders

Advent Claims, a division of Advent Insurance Management with claims operations in the US, UK, Canada and Australia, has launched a proprietary web-based claims management system for managing general agents (MGAs) and coverholders, called “Advantage.” Designed to capture all information …

UK MGA Nexus Underwriting Forms Claims Company Called ‘Nexus Claims’

Nexus Underwriting, the London-based independent specialty managing general agent (MGA), has formed a claims company, trading as Nexus Claims. Being run independently from the underwriting companies, Nexus Claims offers claims management services to Nexus’ underwriting partners as well as insurance …

Study Highlights Workers’ Comp Claim Differences in California’s Central Valley

Workers in California’s Central Valley have a distinctly different workers’ compensation claims experience than those in other regions in terms of notification and treatment lag times, mix of injuries, types of care, types of drugs used, levels of attorney involvement, …

Study: Los Angeles Has Highest Workers’ Comp Claim Costs in California

The Los Angeles area continues to be a drag on California’s overall workers’ compensation costs, according to a study out today from the Workers’ Compensation Insurance Rating Bureau. The WCIRB’s study on regional differences in California workers’ comp claim costs and …

Markel International Appoints O’Shea as Head of Reinsurance Claims

Markel International, the London-based specialist insurer, has appointed Chris O’Shea as head of reinsurance claims. O’Shea will oversee a portfolio of claims including those from the reinsurance teams based in London, Singapore and Latin America, as well as a portfolio …

BHSI Names Kremer as Head of Claims, Northern Europe

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has expanded its Northern European operations, appointing Ulrich Kremer as senior vice president, Claims, Northern Europe. Ulrich joins BHSI with nearly 16 years of experience as a lawyer and in the insurance …

Autopilot Warning May Not Help Tesla in Crash Defense

Telling Tesla drivers its Autopilot feature doesn’t mean their cars can drive themselves may not be enough to keep Elon Musk off the hot seat if the technology comes up short. This month, two Teslas equipped with Autopilot veered into …

BP Raises Liability by $5.2 Billion for Deepwater Horizon Spill

BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst offshore oil spill in U.S. history, by $5.2 billion to $61.6 billion before tax. The London-based company expects to take a $2.5 billion …

Survey: Agents Value Carrier Underwriting More Highly Now Than 5 Years Ago

A comparison of independent agent opinions five years ago to today shows how far the agency channel has come while also illustrating that certain fundamentals remain important throughout cycles and market disruption. Nearly 2,000 independent agents weighed in for the …