Claims

Though less is often more, carriers must avoid sacrificing quality, disposition, and severity of expenses while building an innovative organization.

Insurance companies have paid more than $509 million on nearly 15,000 residential, personal and commercial claims filed after the Joplin, Mo. tornado May 22.

State Farm says it will “weigh its options” after an Indiana jury awarded $14.5 million to a contractor in Indiana who sued the insurer for defamation.

A decision by the New York State Court of Appeals allowing a group of banks to proceed with its lawsuit against MBIA’s 2009 restructuring of its insurance operations has mixed credit implications for the MBIA family of companies, Moody’s says.

An estimated 9,500 claims resulting from June 1 tornadoes that devastated several Mass. communities may total up to $175 million.

The turbo charger, once the “red flag” for insurance underwriters because of its appeal to fast drivers, has now become more mainstream.

The turbo charger, once the “red flag” for insurance underwriters because of its appeal to fast drivers, has now become more mainstream.

Bermuda's Hiscox and Montpelier Re, as well as Luxembourg's Flagstone Re, say second quarter severe weather in the U.S. cost them each tens of millions of dollars. Hiscox's estimate of losses from the Japan earthquake is now at the high end of its range.