News

Claim professionals handling losses stemming from the recent Oklahoma wildfires might want to notify policyholders to heed a warning from California about opportunistic criminals posing as licensed contractors and public adjusters.

Columbus, Ohio-based Nationwide Insurance announced today that it has created a free application for the Apple iPhone, titled Nationwide Mobile, to help process claims after an auto accident.

A.M. Best and Standard & Poor's both said there will be no rating changes in the wake of the American International Group decision to spin off its property-casualty subsidiaries into a separate unit that will ultimately become a separate company.

At ACE, Joseph Werhle, NICB president and CEO, will discuss their integrated plan to focus on five core disciplines while helping insurers discern the many unsavory flavors of fraud.

Treasury Secretary Timothy F. Geithner's recent remarks about the creation of an optional federal charter regulatory system have educed a fractured response from leading insurance associations.

Since desperate times often prompt desperate measures, companies should be on the lookout for a spike in criminal acts by employees fearful of losing their jobs in a worsening economy, risk managers were warned here yesterday.