In an economy where many haven’t seen a salary increase in years, claims adjusters are enjoying increases from 4 percent to 6 percent, which at least beats inflation. The average annual salary for claims adjusters nationwide is $73,000, according to …
Employers are growing increasingly frustrated by the continued increase in workers’ compensation costs. Reform bills too often fail to deliver on promised cost savings, and the courts tend to keep expanding the scope of what is covered under workers’ comp. …
Let’s face it: The insurance industry is not known for its stellar technology score card. For example, many insurers are still limping along with clunky, outdated core systems that limit productivity, hinder customer satisfaction and frustrate users. But these are …
33,775 The number of metal theft insurance claims for copper, bronze, brass or aluminum, according to a new report released by the National Insurance Crime Bureau (NICB). NICB found that 32,568 of those claims, or 96 percent, were for copper …
Copart, Salvage Parent Copart, a global online vehicle auction company, acquired Salvage Parent Inc., which conducts business primarily as Quad City Salvage Auction, Crashed Toys, and Desert View Auto Auction. Combined the businesses operate at 39 locations in 14 states. …
Hurricane Sandy was the second costliest hurricane in United States history. Potvin Partners, Satellite Imaging, shows satellite imagery of Seaside Heights, N.J., before and after the destructive hurricane. The second image was taken one day after the event on Oct. …
Ever wonder why some injured workers return to work relatively quickly while others with similar injuries linger off work much longer or maybe never return to work? Ever wonder why some employees seem to cope with pain so much better …
Oregon Insurance Commissioner Lou Savage is leaving the division to work on legal reform in emerging democracies overseas. Laura Cali, the division’s chief actuary and manager of product regulation, will replace Savage effective July 15. Savage was initially appointed as …
Determining whether claims made under an insurance policy are multiple claims or a single claim is an important exercise that can have significant coverage implications relating to coverage dates, policy limits and other policy considerations. Claims-made insurance policies are typically …
Video Highlights Tips for Adjusters Attending Mediation During this year’s Combined Claims Conference, James Curry, a seasoned mediator and former in-house insurance defense counsel located in California’s San Fernando Valley, provided tips to adjusters preparing for mediation. Knowing the claim’s …