Claims Magazine November 2008
Cover Story
The Subprime Meltdown
Unprecedented banking and financial company failures and hastily arranged buyouts by regulators to avoid insolvencies have left the financial markets reeling.
Features
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Protecting Precious Cargo
Jon Fransway knows more than he ever wanted to about auto glass safety.
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The Fungus Among Us
Mold claims are handled somewhat differently than other claims because of the threat of adverse health effects.
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Looking Beyond the Score
From fast tracking claims to spotlighting fraud, predictive analytics continues to provide increasing value to claim operations.
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Making the Most of Subrogation
It is easy to understand why regulatory compliance can be overlooked when it comes to subrogation procedures.
Columns
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The Laws of Attachment
The season for spooks and goblins is over. We're headed toward holidays that elicit fears of chubby tummies and clothes that no longer fit.
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State Versus Federal Regulation
It's usually in October that the stock market decides to go haywire. This year, it chose September.
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When the Smoke Clears
Last month's article offered an overview of the provisions found in 19 states' versions of the Unfair Claims Practices Regulations.
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Litigation Myths
Earth is flat. Man will never fly. Madonna will never turn 50. Do these urban legends and myths sound familiar?
Departments
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NFIP Temporarily Extended
After months of negotiations, the U.S. House and Senate have not yet reached a consensus regarding a flood reform package.
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Bad-Faith "Protections" Increasing Costs?
Bad-faith remedies designed to protect policyholders from unfair claim settlement practices can potentially harm consumers.
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It Pays to Be Risk-Oriented
Risk and Insurance Management Society (RIMS) has released the findings of its 2008 Risk Management Compensation Survey, the fifth iteration of the not-for-profit organization's annual survey.
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Driving Habits: Like Father, Like Son
State Farm, the nation's largest auto insurer, conducted the study to find ways to reduce collisions involving teens, which represents the top cause of U.S. teen deaths.
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Speaking Of : Catastrophe Initiatives
The looming homeowners' insurance crisis has both the insurance industry and policyholders sending out a distress call.
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Stagnant Ratings Attributed to Claims, Pricing
According to a recent study by J.D. Power and Associates, the disparity in satisfaction levels between homeowners and auto insurance policyholders continues to widen.
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Drivers Versus "Podestrians"
Part of the allure of iPods and MP3 players is the momentary insulation from the world at large.
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TMIC Loses Bad-Faith Appeal
On Aug. 27, The Texas 14th Court of Appeals rejected Texas Mutual's appeal of a jury verdict that found TMIC acted in bad faith and that the company had knowingly violated the insurance code.
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State Farm Pays Up
Florida Insurance Commissioner Kevin McCarty ordered State Farm Florida to issue credits or refunds totaling $120 million to current and former policyholders.
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Virginia Police Befriend Facebook
The Virginia State Police's Insurance Fraud Program (IFP) is utilizing the social-networking titan to further their fight against insurance fraud, part of a new cyber campaign to educate citizens.
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Guy Carp Identifies Hidden Exposures
Guy Carpenter and Company, LLC, a global risk and reinsurance specialist, introduced its Casualty Catastrophe Model, developed jointly with Arium, Ltd.
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CCC Streamlines Police Reports
Police report requests can now be submitted within the CCC Autoverse portal environment, the result of agreements between CCC and police report service providers.
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GE Creates New Climate Monitor
HygroTrac, developed by Dri-Eaz Products and GE Sensing, actively measures relative humidity, air temperature, moisture content and GPP, and transmits this information.
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Plucked Clean
During this month of thanks and giving, one would guess that more insurance professionals are feeling like the turkey rather than the carver.
