One of the most critical elements of claim handling is managing the reservation-of-rights (ROR) process.

Swiss Re said it has obtained $150 million in catastrophe bond protection for North Atlantic hurricane, European windstorm and California earthquake events.

Legislation giving the government broad authority to deal with troubled financial institutions, including insurers, passed the House Financial Services Committee.

The number of insurance agents using claims download technology grew 165% according to IVANS Inc.