Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
For True Disruption, Embrace Innovation
Oct 1 2018 // The auto insurance industry is in the midst of major disruption powered by technology and vibrant new players. Disruption gives way to fresh ideas that can have both profound and positive impacts on our lives and...
Florence Impact on Insurers Tempered by Mostly Uninsured Flood Losses
Oct 1 2018 // Insurance industry losses from Hurricane Florence, which hit the Carolinas mid-September as a Category 1 storm, will be manageable and not have a severe impact on insurers, according to experts. As the storm turned out to...
Massachusetts Insurance Agents, Carriers Helping Their Towns Get Back to Normal After Gas Explosions
Oct 1 2018 // As three Massachusetts towns continue to face the after effects of a series of natural gas explosions, finding some normalcy may seem nearly impossible. However, this is something MAPFRE Insurance was seeking to offer as...
Most of the Time, Nothing Goes Wrong and This Is a Big Problem
Oct 1 2018 // In Ernest Hemingway’s “The Sun Also Rises,” a character, Mike, was asked how he went bankrupt. “Two ways,” Mike said, “Gradually and then suddenly.” Every agency owner with whom...
Claims Technology Firm Snapsheet Names PwC’s Yoder as President
Sep 27 2018 // Virtual claims technology firm Snapsheet has appointed insurance industry veteran Jamie Yoder as president. Yoder will lead activities across Snapsheet’s business lines, including virtual appraisals, fleet and rental...
Florence Impact on Insurers Tempered by Mostly Uninsured Flood Losses
Sep 25 2018 // This enhanced satellite image made available by NOAA shows Hurricane Florence off the eastern coast of the United States on Wednesday, Sept. 12, 2018 at 5:52 p.m. EDT. (NOAA via AP) Insurance industry losses from Hurricane...
Chubb Appoints Barziza to Lead North American Property Claims
Sep 25 2018 // Chubb has appointed Tim Barziza as head of its North American Property Claims. In this role, Barziza will be responsible for leading the technical and administrative operations of the Property Claim Service, including the...
Massachusetts Insurance Agents, Carriers Helping Their Towns Get Back to Normal After Gas Explosions
Sep 25 2018 // As three Massachusetts towns continue to face the after effects of a series of natural gas explosions, finding some normalcy may seem nearly impossible. However, this is something MAPFRE Insurance was seeking to offer as...
Court Upholds California Commissioner’s Regulatory Actions Against PacifiCare
Sep 21 2018 // A three-justice panel of the California Court of Appeal, 4th Appellate District, gas upheld Insurance Commissioner Dave Jones’ Fair Claims Settlement Practices Regulations, which prescribe how insurance companies...
Exploring the Jump in Mega Workers’ Compensation Claims
Sep 19 2018 // Mega workers’ comp claims – losses exceeding $10 million – jumped in 2016, according to a new report by the National Council on Compensation Insurance (NCCI). It’s unclear if this is a one time...
South Carolina Issues Hurricane Florence Data Call, Emergency Order to Insurers
Sep 17 2018 // The South Carolina Department of Insurance has issued two Hurricane Florence-related notices to all property and casualty insurers doing business in the state. SCDOI Director Ray Farmer issued an emergency regulation...
Texas Workers’ Comp Claims Go Digital
Sep 17 2018 // Texas Workers’ Compensation Commissioner Cassie Brown has turned in the keys to a secure warehouse that the Division of Workers’ Compensation (DWC) has used since 1992 to store injured employee claims. The...
People
Sep 17 2018 // Sam Siddons and Craig Morelos have joined the property/casualty practice at EPIC Insurance Brokers and Consultants as principals. Siddons will be responsible for new business development, the design, placement and...
North, South Carolina Insurance Chiefs Ready for Hurricane Florence
Sep 13 2018 // Hurricane Florence could be one of the largest storms to hit the Carolinas in decades and state insurance officials say they are ready for whatever it will bring to their regions. In interviews with Insurance Journal on...
How to Help Clients with Disaster Claims and Avoid Agency E&O Claims
Sep 12 2018 // In an online discussion on agency errors and omissions (E&O) exposures following Hurricanes Harvey and Irma, Florida Association of Insurance Agents’ (FAIA) David Thompson, insurance educator for more than 20...
Insurers Forecasting Significant Claims from Businesses from Hurricane Florence
Sep 12 2018 // Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more...
North Carolina Insurance Fraud Round-Up: August
Sep 10 2018 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of August. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North...
Claims from California Summer Fires Top $845M, Commissioner Blames Climate Change
Sep 6 2018 // California Insurance Commissioner Dave Jones on Thursday announced that insured residential and commercial losses from the Carr and Mendocino Complex fires topped $845 million and are now counted among the most destructive...
19% Workers’ Comp Rate Decrease Proposed for Tennessee
Sep 6 2018 // The National Council on Compensation Insurance (NCCI) has filed for a 19.1 percent decrease for workers’ compensation voluntary market loss costs in Tennessee – the largest recommended decrease since reforms to the...
Athens Administrators Acquires San Antonio’s 1-2-1 Claims
Sep 5 2018 // Athens Administrators, a provider of third-party claims administration services, has acquired San Antonio, Texas-based 1-2-1 Claims Inc. 1-2-1 Claims Inc. is a licensed third-party administrator (TPA) company specializing...
