Insurance fraud is rampant. It is considered to be the second costliest white-collar crime in America after tax evasion, costing consumers an estimated $308.6 billion each year. It may involve outright fraud—such as a staged accident, arson, identity theft, contractor …
Hurricane-induced damage to properties is a significant concern for residential and commercial structures alike, particularly for heating, ventilation and air conditioning systems. HVAC systems are essential for maintaining indoor air quality and comfort, and their damage can lead to substantial …
Nearly 88 percent of claims professionals are familiar with the benefits of structured settlements for personal physical injury clients and 84 percent view them as a prudent recommendation, especially when a minor is involved, according to MetLife’s 2022 Structured Settlements …
For the third time in three years, a state supreme court is being asked to decide whether a claims adjuster can be held personally liable for bad faith. The Colorado Supreme Court on Jan. 11 heard oral arguments in a …
The company that helped make driver safety monitoring ubiquitous among auto insurers is now offering a product that can write accident reports within minutes of a crash. Cambridge Mobile Telematics announced the launch of Claim Studio, an accident reporting system …
DALLAS — An insurance industry group says the nine tornadoes that struck the Dallas area during a Sunday night outbreak caused an estimated $2 billion in insured losses. The Insurance Council of Texas said the estimate, which it called “pretty …
In the past decade or so, the world has undergone tremendous technological transformation. For example, in 2008, only 139 million smartphones were sold, compared to 1.56 billion in 2018, according to Statista. In that same year, Uber didn’t exist yet …
In any discussion about the latest tools used by claims professionals, terms such as artificial intelligence, telematics and machine learning may come to mind. But the owner of a Kansas City startup is betting what the industry really needs is …
While the holiday season is often bustling for retailers, it can be a quiet time for claims departments. It’s also the best time for adjusters to clean up their desks, settle claims and take stock in their career, said Kevin …
It’s the last chance for claims professionals to participate in the 2013 Job & Salary Survey. Do you want to know how your salary and benefits stack up against your peers? Are you interested in where your peers work: in …