The Risk Management Society (RIMS) recently released a report that reviews claims management principles, as well as steps for establishing, implementing and maintaining an effective claims management program. Proactive claims reporting and management can contribute positively to the ongoing sustainability …
Distinguishing claims that fall under the Longshore & Harbor Workers’ Compensation Act (LHWCA) and the Jones Act can be difficult, said Jack Martone, senior vice president of American Equity Underwriters. Martone discussed the two maritime coverages at the April Risk …
According to Nikki Chambers, hazards scientist at RMS, this week’s heavy summer monsoon rain has caused flash flooding and landslides in western and central parts of Sri Lanka. This event has damaged homes, affected an estimated 100,000 people, and displaced …
Technology and social media are great tools used to investigate insurance fraud, according to expert panelists who spoke at the recent Risk and Insurance Management Society conference in Denver. Susan LaBar, a risk manager for the bus company Coach USA/Megabus, …
Handling litigated claim files isn’t always easy, but experts at the Risk and Insurance Management Society national conference held in Denver last month provided several tips adjusters can use to strengthen their cases. The panelists: Heath Sherman, a Chicago-based partner …
Adjusters handling claims involving low impact, minor property damage auto accidents should examine sore back claims closely, according to B. Lee Wertz Jr. a partner at the Houston-based law firm of Harrison Bettis McFarland. Wertz spoke during a boot camp …
RIMS, a risk management society, announced its support for the Claims Licensing Advancement for Interstate Matters Act (CLAIM Act). Introduced to the U.S. House of Representatives, the legislation encourages the National Association of Insurance Commissioners (NAIC) to establish uniformity and …
According to RIMS’ newly released executive research report “Risk Reports & Perceptions,” risk professionals must consider the types of risk and underlying data when delivering a risk assessment report to the organization’s leadership. The report, a product of RIMS’ collaboration …
Car dealerships in central Kentucky are on the alert after wheels worth thousands of dollars have been stolen. The latest victim was Mike Wilson Chevrolet in Winchester. General manager Tony Schmidt told WKYT-TV that thieves took 32 wheels from seven …
RIMS has been approved as an accredited standards development organization by the American National Standards Institute (ANSI) Executive Standards Council. The will enable RIMS to take a lead role in shaping and developing risk management standards. RIMS aims to begin …