A staged insurance loss is a fictitious loss created for the sole purpose of defrauding an insurer. Wherever insurance exists in the world there is insurance fraud.
The increasing losses from severe thunderstormswhich include hail, heavy rains and flash flooding, tornadoes, thunder and lightningare a growing challenge for society and insurers alike.
Looking at insurance-loss trends can be quite baffling at times. Perhaps no more so than when trying to figure out why BI severities continue to rise despite frequency declining at a time when the safest cars ever produced are on the nations highways.
Looking at insurance-loss trends can be quite baffling at times. Perhaps no more so than when trying to figure out why BI severities continue to rise despite frequency declining at a time when the safest cars ever produced are on the nations highways.
Large-scale weather events in the U.S. dominated insurance losses in 2012, pushing global insured claims for the year to $77 billion, says a report from Swiss Re.
As the bone-chilling cold of winter grips the nation, many Americans take to alternative-heating sources to keep their homes warm and save on expensive heating billsbut families using these heating sources should proceed with caution.
As the bone-chilling cold of winter grips the nation, many Americans take to alternative-heating sources to keep their homes warm and save on expensive heating billsbut families using these heating sources should proceed with caution.
Crop-insurance losses in 2012 due to drought conditions amount to a record $14.2 billion, and are continuing to climb, industry officials were told Wednesday.