Claims

With credit scoring approaches to underwriting and pricing increasingly coming under attack across the nation, insurers need to supplement their techniques with new types of analysis, two actuaries said at a seminar.

A motion was filed in the District Court for an immediate stay of all further proceedings in the class action case involving injuries to clean up and rescue workers at World Trade Center.

Securities lawsuit filings fell by 39 percent in the first quarter, Advisen reported, noting that several high-profile stockholder actions were dismissed as well.

Although their claim forces have been reduced by 16 percent, a majority of insurers still say that hiring qualified claim adjusters is a priority for them, according to a recent study.

Spokesmen for several major insurers said their companies had begun the subrogation process against Toyota, but little detail concerning the process or scope was offered.

Big auto insurers, who said in February they were reviewing Toyota auto accident claims for subrogation actions involving accelerator problems, have begun moving cases with the carmaker.

The U.S. Supreme Court has opened the door for plaintiffs to file more class-action lawsuits in a case involving Allstate Insurance Company, ruling that some litigation barred by state law can be brought in federal courts.

Whether you're going under a surgeon's knife or hiring an attorney to take a business contract dispute to court, there are risks of unintended outcomes, but until recently you couldn't buy insurance to cover them.