News

A new report from Aite Group examines the state of property & casualty insurance claims and the solutions that are helping transform the industry. Aite Group interviews with 35 stakeholders in the p&c insurance and information technology industries describe emerging opportunities for cost reduction, claims service, customer satisfaction, and industry...

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.

Property and casualty insurers want federal regulators to re-examine rules allowing Medicare to be reimbursed for medical claims that are at least partially covered by private-insurance coverage such as workers’ compensation and auto.

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.

While the European insurance market in general is well prepared for potential future shocks, approximately 10 percent of groups evaluated in a recent stress test failed to meet capital requirements under a certain “adverse” scenario.