Reinsurance executives polled at the recent 2015 PCI annual meeting by Guy Carpenter & Company agreed that cyber continues to be the most threatening emerging risk. As the number of data breaches mount, more focus is being placed on the …
The California-based Identity Theft Resource Center, a non-profit resource for victims of identity theft reports nearly 20,000 calls a year due to the crime, according to Eva Velasquez, president and CEO. Financial identity theft is the most common crime the …
More than 675,000 records were exposed by data breaches in the U.S. in 2014, according to the California-based Identity Theft Resource Center, a non-profit organization aimed at helping consumers. Since breaches began being tracked in 2005, they have risen by …
Eric Dolden, founding partner with the Canadian law firm of Dolden Wallace Folick, provided details of Canada’s anti-spam legislation (CASL) that went into effect last year, during an interview with Claims Journal. One CASL exposure includes mass distribution of electronic …
Though large, self-insured companies have been using it for years, pre-claim nurse triage has not yet been wholeheartedly embraced by workers’ compensation carriers, according to Brian Cullen, managing director of Triage for Medcor, an outsourcing service that works to improve …
Nearly 157 million Americans planning to celebrate Halloween this year, according to the National Retail Federation (NRF), and with all that fun comes a heightened risk of property damage, injury and even death. The NRF estimated total spending for the …
It’s been three years since Superstorm Sandy, regarded as a one in 500 year event, struck a dozen states in the Northeast. The storm’s size, a 1000 mild wide wind field, and record-breaking low pressure devastated parts of the Eastern …
According to a new survey, 55 percent of risk managers are not confident their company is dedicating enough resources, in terms of dollars or personnel, to combat the evolution of hacking techniques. In a recent podcast interview with Claims Journal, …
California is the latest state to pass a workers’ compensation drug formulary and other states are expected to follow suit. In a webinar presentation on State-Based Formularies earlier this month, Don Lipsy, manager of First Script PBM Regulatory Communications, said …
Fraud continues to be problem for the insurance industry and medical fraud, in particular, is growing according to Andy Tolsma, solutions manager for the P&C Medical Fraud payments accuracy division for Verisk Health. Industrywide 10 percent of all P&C have …