More than $9 billion in insurance claims have been filed following wildfires that ravaged Northern California two months ago, the state’s top insurance regulator said Wednesday. The figure represents residential, commercial, automobile and other property claims filed with 260 insurers …
Defective product risk is an increasing peril for companies, causing significant financial damage, according to a newly released Allianz Global Corporate & Specialty (AGCS) report. Recall exposures have increased significantly over the past decade, bringing the potential for larger and …
Insurers Seek Reimbursement for the High Cost of Opioid Addictions Big Pharma is having a Big Tobacco moment. Since 1999, the number of prescription opioids sold in America has almost quadrupled. Over the same period, prescription opioid deaths have more …
Though the number of physician dispensed prescriptions declined considerably from just a few years ago, the workers’ compensation industry continues to battle an adapting market seeking to maintain high prices by changing drug strength and formulations. The impact of physician …
The Los Angeles Long Beach region continues to lead the state in workers’ compensation claim frequency (28 percent above average), while Silicon Valley comes at 20 percent below average, according to a new report released by the WCIRB. The numbers …
The ink on the “total loss” insurance paperwork, like the 2007 Range Rover itself, was still wet when Morgan Moran began trying to buy his vehicle back after Hurricane Matthew last year. The insurance adjustor had declared the vehicle ruined …
A Haitian man who federal prosecutors say was the ringleader of an auto insurance scam involving as many as 50 staged car crashes was sentenced Monday to four years in prison and ordered to pay $207,000 in restitution. Mackenzy Noze, …
Claims adjusters are extremely busy – with many assigned more than 100 claims per month. But most adjusters are working on more than just adjusting the claims assigned to them and are frequently assigned other tasks. Unfortunately, over-worked adjusters who …
We often see lead trial counsel as the “star”: the top performer in the courtroom, at the mediation, in the deposition room or at other informal venues before trial. He or she “shines” and sells your defenses to a jury …
Two construction workers, one of them a father of five children, fell to their deaths at separate building sites on Thursday. The first death occurred in the morning at a residential high-rise construction site in the financial district. Juan Chohillo …