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The Florida Office of Insurance Regulation (OIR) has asked the state's commercial and residential property insurers to collect and submit sinkhole claims--a cost driver insurers have said is swallowing underwriting profits.
Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.
The Atlantic storm Danielle has intensified into the second hurricane of the Atlantic season, but it later "unexpectedly" weakened Tuesday morning, according to the National Hurricane Center (NHC).
Insurance crime experts are warning that "slip and fall" claims are soaring, and as a result, such claims are coming under greater scrutiny for potential fraud by both insurers and investigators.
The United Kingdom Financial Services Authority (FSA) said it has fined Zurich Insurance plc's UK branch (ZIP UK) over ?2.28 million ($3.52 million at current exchange rate) due to the loss of personal data for 46,000 customers in 2008.
The insurance brokerage sector remains financially solid despite the weak U.S. economy and soft commercial property and casualty insurance market, Moody's Investors Service said.
The National Insurance Crime Bureau (NICB) announced that slip-and-fall" claims targeting businesses are being investigated more carefully for potential fraud.
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