Insights for the Insurance Professional
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The loving response to an age-old question published in a 1897 edition of "The New York Sun" continues to shed a light of hope, even in an economically and emotionally wrecked world.
Many drivers fail to provide accurate, up-to-date information to their auto insurers, costing the industry $15.4 billion last year. With better data, however, insurers can put the cap on premium leakage.
Although incredibly tragic for the nation, the tsunami in Japan, had little net impact on vehicle parts pricing, according to Mitchell's ITR.
"Let it snow" ... oh no! Dumping more than 2 feet of snow in some northeastern locations, the freak October snowstorm is expected to be a major capital or credit event for the P&C insurance industry.
Not much has changed In the 44 years attorney Barry Zalma has been fighting insurance fraud; just a few adjustments to the same ole schemes. He finds encouragement, however, in the growing number of insurers willing to fight and take fraud cases to trail.
Staged auto accidents and fake insurance adjusters—PIP fraud is a heavy cloud hovering over the sunshine state. Seven related arrests last month is just a drizzling of the storm.
Accenture's new comprehensive integrated P&C software suite enables insurers to reduce their implementation time and risk, while improving the accuracy of both claims handling and underwriting.
A new Calif. law makes it a crime for auto repair shops to say they have replaced or repaired a deployed airbag when they haven't.
ALE coverage is one of those broad coverages that can bedevil adjusters, agents, and insureds alike. Here's a look at all that ALE entails.
Company-owned vehicles make it easier to conduct business, but offer great risk. Collisions can exact a heavy toll. Telematics and EDRs, however, can improve risk management, as well as allow claims to be assessed more accurately driving down costs for the business and insurer.
As if there isn't enough to worry about what's happening on Earth, scientists are warning against space weather. Solar storms, they say, could wreak havoc on the electric-power supply, triggering losses from business interruption and damaged physical assets.
EDRs, commonly called "black boxes," offer a variety and wealth of product information that an adjuster will find useful when evaluating opportunity for subrogation.
Follow these tips for providing a highly consistent and personalized claim service experience.
Many adjusters do not have the time or expertise to properly and expeditiously evaluate a BI claim, especially in a catastrophic environment. A competent forensic accountant can assist.
Claims compiled a sampling of some of this year's important legal developments for the P&C industry.
Today's consumers are focused on value for money. P&C insurers, in turn, are perpetually striving to reduce the cost of handling claims. Here are 10 helpful suggestions to reduce costs.
Waves of DDoS attacks shut down swatches of the internet on Friday, prompting the need for the insurance industry to issue standard cyber liability coverage forms.
Honda said a Takata air bag inflator ruptured in a Civic compact car on Sept. 30 and killed a driver in California, at least the 17th Takata-related fatality in the U.S., Malaysia and India.