A.M. Best Co. has revised its view of the U.S. property/casualty industry’s ultimate asbestos and environmental (A&E) losses downward to $117 billion from $121 billion. Asbestos exposures now are estimated at $75 billion, up from $65 billion, and environmental losses …
National claims and risk management service provider Avizent, which is headquartered in Columbus, Ohio, has named Brad Lipscomb vice president of the Performance Review & Optimization (PRO) Team. He will be based in Avizent’s Dallas office. Lipscomb will oversee the …
Chubb Group recently co-hosted a seminar near Shanghai, which focused on the “increasing number of Chinese exports exposed to product liability claims and litigation in the United States and Europe.” As a result presenters called for Chinese companies to make …
Columbus, Ohio-based national claims and risk management service provider Avizent has appointed Shirley Collinsworth to the position of Claims manager for the company’s new Transportation Liability Unit. She will be responsible for managing all aspects of claims handling, regulations, workflow …
Thompson, Coe, Cousins & Irons LLP announced the addition of John G. Browning as partner, Ryan Cole as senior associate and Edward L. Vishnevetsky as associate to its commercial litigation team. The trio joined Thompson Coe’s Dallas office from Gordon …
The Hartford Financial Services Group reported a third quarter net loss of $220 million, compared with a net loss of $2.6 billion in the year-ago period. Written premiums for The Hartford’s property/casualty operations in the third quarter were $2.4 billion, …
Man’s best friend is sinking its teeth into homeowners insurance costs. Dog bites account for one-third of all homeowners insurance liability claims, costing $387.20 million in 2008, up 8.70 percent from 2007, according to the Insurance Information Institute (I.I.I.). An …
Property/casualty insurance companies report that the number of claims suspected of possible fraud has jumped 13 percent for the first half of this year compared to last year’s first six months. A review of suspicious insurance claims referred to the …
In a letter sent members of Congress, the new Chrysler Group said it will accept product liability claims on vehicles it manufactured before it emerged from bankruptcy on June 10 with government assistance. The move is a change from its …
Liability claims have been settled against the tour company that arranged a fall foliage excursion in which 20 passengers were killed when their tour boat overturned on an Adirondack lake in 2005. Terms of the settlement between Shoreline Travel & …