A new survey highlights opportunities for North American property/casualty insurers to better utilize property claims third party services. Commissioned by BrightClaim, a national claims services provider, and conducted by Ward Group, a provider of benchmarking and best practices studies to …
The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts. During a webinar hosted by Marsh, insurance experts detailed the top five issues related to business interruption …
Two years ago today, an EF 5 tornado touched down in Moore, Oklahoma, 4.4 miles west of Newcastle. The powerful twister, with wind speeds reaching 210 miles per hour, cleared a path of destruction stretching fourteen miles while on the …
Though drone usage is mainly used in disaster response currently, a new report highlights the benefits of using drones in all four stages of the disaster life cycle: prevention, preparation, response and recovery. Zurich North America, a co-sponsor of the …
While peanut butter and cantaloupe made big news in recent years, ice cream is now the latest item to be pulled off grocery store shelves due to foodborne-illness concerns. The impact of such a recall varies by company, situation and …
As claims personnel move into management roles, it’s important for them to understand the organizational structure of their employer as well as understand and align with the company’s mission, according to Marty Frappolli, senior director of Knowledge Resources for The …
For decades, claims staff have tried to figure out case values using litigation research vendors and expensive mock trials. Though Magna Legal Services, a national company, offers verdict searches too, its clients wanted something more refined. After a year of …
As insurance fraud continues to evolve more aspects of the crime involve digital technology. In the UK, where a considerable amount of policies are generated through online transactions, much can be learned about the customer through the devices used to …
Nearly 50 years after Captain Kirk began using his wrist communicator and hand-held tricorder on the television show Star Trek, wearable technology is taking hold. From Fitbit and Nike Fuelbands to Google Glass and Golden-I, wearables are influencing not only …
A new underwriting tool to assess potential risk from sewer backup and basement flooding has been released by CoreLogic. The global property information, analytics and data services provider said the Sewer Backup Risk Score identifies the potential risk of sewer …