Auto theft rates in Mexico are rising at the fastest pace ever, and authorities are getting worse at tracking down the stolen cars. In March, the number of auto thefts rose 21 percent from the same month a year earlier, …
A growing economy coupled with an increase in inexperienced workers has the potential to contribute to higher severity in workplace injuries, according to Rich Ives, Travelers vice president of workers’ compensation claims. He explained that 27 percent of all workplace …
Last year, Texas sustained the most expensive hail and storm season on record with an estimated 500,000 hail claims filed and insured losses totaling more than $4 billion, according to the Insurance Council of Texas. The huge storm losses make …
The National Security Group, Inc., released estimates of 2017 year to date spring storm losses incurred by property/casualty subsidiary National Security Fire & Casualty, a primarily personal lines insurer offering coverage in 10 states, and a preliminary estimate of the …
Although our technology has allowed us to build extremely accurate atomic clocks regulated by the vibrations of cesium or ammonia atoms, mechanically powered clocks with cable anchors, chime rods, weights and swinging pendulums are still admired and manufactured today. Even …
The frequency of M&A insurance claims is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American International Group, Inc. study of its representation and warranty …
Claims leaders rank psychosocial issues as the number one barrier to successful claim outcomes, according to Rising Medical Solutions’ 2016 Workers’ Compensation Benchmarking Study survey. A new white paper, co-authored by study program director Rachel Fikes and industry journalist Peter …
Adjusters who encounter hoarders on property claims can expect to have trouble in determining the cause of a covered loss as well as damages, said Jeff Taxier, education and training manager for American Technologies, Inc. Typically, a hoarder equals more …
Not only are liability losses increasing but they are getting more expensive, particularly in relation to global product recalls, corporate liability, cyber and environmental incidents, according to a new report by Allianz Global Corporate & Specialty (AGCS). Global Claims Review: …
Residents and tourists were unprepared for a devastating wildfire that whipped through Gatlinburg, Tenn., last fall. Winds topping 87 miles per hour fanned the flames that began in the Smoky Mountains and quickly spread through the mountain town, destroying homes …