The use of predictive analytics is truly enhancing speed and customer experience at the service delivery points in the value chain. Understanding behavioral patterns enables insurers to optimize their risk evaluation, enrollment, and claims operations, as well as service feedback. …
No European city has recently changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in 1989, its 3.4 million residents have experienced an unprecedented building boom, as the German government and city …
Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, less than the 7.7 percent increase reported last year but still higher than the increase in workers’ wages (3.7 percent) or the overall inflation rate (2.6 percent), …
Declining rates act as blinders for many employers. With lower prices it’s easy to shift focus away from injury management and cost containment to other more pressing business matters. Throughout much of the country, declining workers’ compensation rates are music …
The surplus lines market continues to be the insurance industry’s most dynamic sector. Despite softening market conditions, and more recently the subprime lending crisis, it continues to thrive. New products continue to be introduced, while older programs are updated. More …
There has been very little in the history of the world that has revolutionized society so greatly and as quickly as the Internet. The Internet has allowed anyone and everyone with access to a computer to obtain information from anywhere …
Insurers have manageable exposure to subprime turmoil, report says The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds …
Declarations Plumped up payments “The partnership has, over time, relieved FEMA of the need to develop, hire, and train an in-house corps of sales agents, adjusters, and others to administer flood insurance.” — A report from the Government Accountability Office …
Oregon has implemented a new law aimed at making group contractor liability insurance more available. HB 2751 implements one of the recommendations of the The Construction Claims Task Force, and adds group contractor liability to the existing exceptions to the …
The National Council on Compensation Insurance has filed a request to decrease workers’ compensation loss costs in Hawaii by 16.8 percent, beginning Jan. 1, 2008, according to the state Department of Commerce and Consumer Affairs. DCCA said the reduction is …
