How much could it cost a home owner in eastern North Carolina to clean up the mess left behind by Hurricane Matthew? A high-tech computer program that links topography, stream flow and property tax appraisal information in flood-prone areas gives …
As insurers brace for the aftermath of Hurricane Matthew, CoreLogic has issued new analysis projecting almost 2 million homes in four states could sustain damage from hurricane-driven storm surge flooding. GEICO announced it was assigning catastrophe teams and would take …
New claims data released as part of the Farmers Insurance Seasonal Smarts Digest shows the potential for home insurance claims tied to liability and fire should be at the forefront of homeowners’ minds. Farmers data shows that liability- and fire-related …
In many U.S. states, drivers are all too familiar with deer crossing signs, but do they really know how close the danger may be? State Farm has released its annual deer claim study, which ranks states by the potential drivers …
Communication, data collection and analysis are key drivers to a successful litigation management program, according to Vince Venturella, product manager with Wolters Kluwer Enterprise Legal Management (ELM) Solutions. A 2015 study on panel management and performance conducted by ELM Solutions, …
Workers’ compensation case severity can be tackled by recognizing and treating comorbidities early, according to industry experts. Case severity scoring and other predictive analytic tools can assist adjusters in identifying potentially problematic claims. Inside Workers’ Comp, a Genex multimedia series, …
In the event of a natural catastrophe, two ports in Nagoya, Japan and Guangzhou, China, would suffer the greatest losses at $2.3 billion and $2 billion respectively, according to RMS analysis of the catastrophe risk associated with the world’s ports. …
Florida’s insurer of last resort, Citizens, has expanded its efforts to curb increasing water loss claims with a new Water Mitigation Estimate Review Program. Citizens Chief Claims Officer Jay Adams said the new program will provide Citizens with “certified and …
The City of Chicago Office of Inspector General (OIG) released an advisory identifying the absence of a comprehensive risk management program in Chicago and highlighting the substantial operational and fiscal benefits of implementing such a program. Based on the limited …
When insurance defense attorneys suspect that plaintiffs have inflated their claims, forensic accountants can help identify potential red flags and potentially save Defendants substantial sums. Given that some plaintiffs may exaggerate the value and ignore information detrimental to their case, …