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New Study Finds Lower Acceptance of Insurance Fraud

Findings from an online Insurance Research Council (IRC) public opinion study reveal 24 percent of Americans believe it is acceptable to increase an insurance claim by a small amount to make up for deductibles they are required to pay, lower …

Hazard-Specific Disaster-Resistant Measures

According to industry experts, there are differences in the ways that structures can be made disaster-resistant, depending on the hazard. Hurricane: The key to storm-resistant construction is keeping connections in place, roof to wall, floor to floor, and floor to …

Property Claims Customer Satisfaction

The “2013 Property Claims Satisfaction Study,” published by J.D. Power and Associates, is based on more than 5,500 responses from homeowners insurance customers who filed a property claim between May 2011 and January 2013. The following insurance companies ranked highest …

Dollars & Sense

25% The percentage increase in premiums for vacation and rental homes in the National Flood Insurance Program, effective Jan. 1. Properties that have suffered repeated losses or substantial damage over the years will also see a gradual 25 percent rate …

People

Crawford & Co., a global independent provider of claims management solutions, named Larry C. Thomas CEO of Contractor Connection. Thomas previously served as president for Contractor Connection, which provides insurers with a managed repair vendor network for residential and commercial …

Business Moves

The Navigators Group The Navigators Group, a specialty insurance holding company, plans to move its corporate headquarters from New York to Stamford, adding 200 jobs in Connecticut within the next five years. Stanley Galanski, The Navigators Group president and CEO, …

Web Exchange

Video Highlights Creating a Hailstorm at IBHS Creating a hailstorm is no easy task, according to researchers at the Insurance Institute for Business & Home Safety, who said the project was several years in the making. Duplicating Mother Nature, researchers …

Winning the Game

The insurance industry is winning the game — at least when it comes to homeowners claims. Overall customer satisfaction with the property claims experience remains high, according to J.D. Power and Associates’ 2013 Property Claims Satisfaction Study. The study found …

David vs. Goliath: I.R.S. Tax Lien vs. Med Pay Subro Lien

In 1 Samuel 17, the Bible tells one of the most poignant and motivating stories of all time. The Philistine army had gathered for war against Israel. The two armies faced each other, camped for battle on opposite sides of …

The Insurer’s Duty to Provide Independent Counsel in California

This is part one of a three part series focusing on an insurer’s duty to provide independent counsel in Alaska, California and Illinois. Under liability insurance policies, an insurer has a duty to indemnify the insured for loss as well …

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