News

One mans days in the sun could be numbered after he allegedly committed insurance fraud to collect thousands in undeserved workers compensation benefits.

Automation implies labor-saving steps, which is usually followed by layoffs. So it should come as no surprise that some underwriters dont look kindly on automated-underwriting solutions, since they foster the perception that the underwriters role is shrinking.

Spokesmen for insurance-trade groups insist that when all is said and done, officials of the Financial Stability Oversight Council (FSOC) will support insurers view that insurance activities, by their very nature, do not pose a threat to the stability of the U.S. financial system.

Reinsurance rates at the April 1 renewals continued to rise due to 2011 loss events, according to a Guy Carpenter briefing released April 5.

Insurers are finding out the recent disastrous weather in Texas took a heavy toll on vehicles.

Fifteen suspects accused of using food trucks to rig more than a dozen accidents are now sampling the cuisine at a Florida detention center.