Transatlantic Holdings Inc. says third-quarter net income was down nearly 50 percent due to $71 million in catastrophe losses and $57 million in costs mostly related to the termination of its merger agreement with Allied World Assurance Co. Holdings.
Using its claims data, State Farm has again come up with a report on deer-vehicle collisions and has found that for the third straight year, the overall number of these encounters in the United States has fallen between July 1, 2010 and June 30, 2011.
The eastern end of Long Island suffered the highest insured losses in the U.S. from late Augusts Hurricane Irene, followed closely by a coastal county in North Carolina, Verisk Analytics reports.
While there are no hard and fast rules for subrogation response, there are steps that can be taken to dramatically improve results. In looking at the industry as a whole, there are three prevailing methods for handling auto subrogation response.
"We insure your dreams. Thats the slogan of fictional BrownStar Insurance agency in a newish farce starring Ed Helms of The Office. The movie melds Will Ferrell-esque buffoonery and double entendres with tenderhearted moments nearly as sweet as the butterscotch candy Eds character, Tim Lippe, hands out a little too...
The services of a contents specialist can speed an insurers residential and commercial contents claims processing, and allow the displaced policyholders to move on with their lives or business more quickly.
Heat-related damage patterns at a fire scene yield clues as to where a fire originated. This article is a third in a series that discusses burn patterns and interpretations when attempting to determine the origin of a fire.
Most P&C insurers across the country are at various stages of upgrading their core claims management systems. A fortunate few have already completed the journey of an information technology (IT) transformation.
Titles and labels matter. They set expectations. Yet, they can also be misleading. Some observers believe the current terms, claims department and claims adjusteror their variantsare anachronistic. As such, they propose replacing these titles with the moniker, resolution department and resolution manager. Here are some arguments for and against the...