Claims: News

• Tornadoes Pummel Midwest with More to Come

  By Anya Khalamayzer, PropertyCasualty360  |  May 20, 2013

  More than 20 tornadoes roared through the Midwest Sunday, and reports promise continuing severe weather today.

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  State Division of Insurance to Report Losses from Boston Marathon Bombings

  By Chad Hemenway, PropertyCasualty360.com  |  May 17, 2013

  The Massachusetts Department of Insurance says it has a data call out to the insurance industry in order draft a report on the April 15 bombings at the Boston Marathon.

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  U.S. Questionable Claims Referrals Up, Again

  By Chad Hemenway, PropertyCasualty360.com  |  May 17, 2013

  U.S. questionable claims increased 16 percent in 2012, according to the National Insurance Crime Bureau.

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  Streamlining the Claims Process at XL Group

  By Robert Regis Hyle, PropertyCasualty360.com  |  May 17, 2013

  Michel Finschi, chief operating officer, insurance claims, for XL Group, recently responded to our request for a Q&A on claims technology and its role within XL Group.

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  Cause of Fire at West Fertilizer Co. Remains Unknown; Scene Investigation Complete

  By Chad Hemenway, PropertyCasualty360.com  |  May 17, 2013

  After a month-long scene investigation, investigators still do not know what caused the fire that led to a massive explosion at the West Fertilizer Co. in Texas.

• Allstate Estimates $216M in Catastrophe Losses for April

  By Staff Writer  |  May 16, 2013

  Northbrook, Ill.-based insurer Allstate Corp. estimates catastrophe losses for the month of April at $216 million pre-tax and $140 million after-tax.

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  Tornadoes Rip Through North Texas, Causing Extensive Damage

  By Anya Khalamayzer, PropertyCasualty360.com  |  May 16, 2013

  Tornadoes late May 15 in north-central Texas damaged multiple homes, killing six people and injuring 100.

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  New York State Orders RelayRides to Stop Renting Third-Party Autos

  By Bonnie Cavanaugh, Property Casualty360.com  |  May 16, 2013

  RelayRides, a car-sharing service matching owners with third-party renters, agreed to stop conducting business in New York after Superintendent of Financial Services Benjamin M. Lawsky called its insurance coverage “illegal and inadequate.”

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  AccuWeather Predicts Three Land-Falling Hurricanes for 2013 Season

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 15, 2013

  As the June 1 Atlantic Hurricane season approaches, AccuWeather.com echoes earlier predictions by saying Atlantic basin residents can expect an active hurricane season.

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  Insurers Missing the Boat with Claims Technology

  By Steve Callahan  |  May 15, 2013

  Executives appear to be in agreement that improving combined ratios will be more easily achieved than increasing underwriting profits, at least until the economy returns to a more reasonable footing.

• N.Y. Senate Tries Again with Auto Fraud-Fighting Bills

  By Chad Hemenway, PropertyCasualty360.com  |  May 14, 2013

  The New York Senate has passed a number of measures meant to corral auto insurance fraud in the Empire State.

• Eight New Yorkers Indicted on Staged-Accident Scheme Charges

  By Chad Hemenway, PropertyCasualty360.com  |  May 14, 2013

  Eight New Yorkers have been charged in connection with a scheme to defraud multiple insurance companies of millions of dollars by staging auto accidents.

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  In-Utero Injuries: Another Risk Exposure for Employers

  By David D. Thamann, JD, CPCU  |  May 14, 2013

  A pregnant employee is injured at work, with the fetus harmed in the process. What happens next?

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  $45M Global Bank Heist Could Complicate Cyber-Liability Market; Impact Other Coverages

  By Anya Khalamayzer, PropertyCasualty360.com  |  May 13, 2013

  Experts say liability for the theft could fall on the processors of the debit cards used to perpetrate the crime, and make it difficult for other financial institutions to get cyber insurance coverage.

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  Refine IT Infrastructure To Streamline Claims Processing

  By Christina Bramlet, PropertyCasualty360.com, Brad Fisher, CPCU, AIC  |  May 12, 2013

  Insurers who invest wisely in IT infrastructure can streamline claims operations while propeling customer satisfaction. One VP elaborates...

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  Authorities Launch Criminal Investigation of West Fertilizer Explosion

  By Chad Hemenway, PropertyCasualty360.com  |  May 10, 2013

  A criminal investigation has been launched into the West, Texas fertilizer plant that exploded last month.