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Claims Magazine - News

WCEC Spotlight: A Look at Workers’ Comp TodayOpen in a New Window

"Profitability in workers’ compensation is heading downhill rather rapidly," according to Robert P. Hartwig, Ph.D., CPCU, president and economist of the Insurance Information Institute.

 

Fraud of the Week: Shattered PlansOpen in a New Window

A Wash. auto glass company owner was less than transparent when billing insurers. Now he faces some serious charges as a result.

 

Tweet Suite Digest – August 18, 2010Open in a New Window

Claims Magazine is twittering every day about breaking news and timely topics — not to mention keeping readers up to date on what’s being posted on claimsmag.com.

 

Workers' Comp Risk Management Award Winners NamedOpen in a New Window

National Underwriter revealed the trio of winners in the fourth annual “NU Award For Excellence in Workers’ Comp Risk Management” program, sponsored by NCCI.

 

Offshoring Trends: From Cost Reduction to Growth StrategiesOpen in a New Window

Instead of using offshoring for cost-reduction purposes alone, insurers should evaluate it as nothing less than part and parcel of their strategic efforts to increase growth and profitability.

 

Fraud of the Week: Signature MovesOpen in a New Window

A woman in New York has signed her way into criminal charges and some jail time after getting mixed up with forgery and fraud.

 

Tropical Storm Warning for New Orleans, Gulf CoastOpen in a New Window

A tropical storm warning is in effect for the Gulf Coast from Destin, Fla., to Intracoastal City, La. — an area that includes Lake Pontchartrain and New Orleans, according to the National Hurricane Center.

 

UPDATED: Crawford Confirms New Role in Oil Spill ClaimsOpen in a New Window

Crawford & Company has confirmed that GCG has been retained to assist Feinberg Rozen, LLP with Mr. Ken Feinberg’s role as the administrator of the Gulf Coast Claims Facility.

 

I.I.I.: P&C Employment Stabilizing, Adjusting Jobs Still DepressedOpen in a New Window

Since the economic recession began in December 2007, employment in the insurance industry has decreased across multiple sectors, including claim adjusting, according to the I.I.I.'s latest report.

 

Tweet Suite Digest – August 11, 2010Open in a New Window

Claims Magazine is twittering every day about breaking news and timely topics — not to mention keeping readers up to date on what’s being posted on claimsmag.com.

 

Fraud of the Week: Just DessertsOpen in a New Window

Wallace “Popsicle” Morris orchestrated dozens of fake accidents in a conspiracy that involved staged auto accidents, phony police reports, and personal injury claims in excess of $1 million.

 

Q&A With Ken FeinbergOpen in a New Window

Claims Magazine spoke with the man President Obama appointed as "pay czar" of the $20 billion BP oil spill compensation fund, Ken Feinberg. In this exclusive Q&A, he talks about the claim process and what must happen for people to get the money they need.

 

Tweet Suite Digest – August 4, 2010Open in a New Window

Claims Magazine is twittering every day about breaking news and timely topics — not to mention keeping readers up to date on what’s being posted on claimsmag.com.

 

Keeping It RealOpen in a New Window

We know the thought that ran through your mind while on vacation: When is the next edition of Claims CE coming out?

 

When Rules Don’t ApplyOpen in a New Window

Training programs have not traditionally been built around good decision-making, but rather around building knowledge. Instilling judgment requires a different approach.

 

Know Your CE: Automobile Liability DoctrinesOpen in a New Window

Each issue, we provide several continuing education-based questions designed to test claim professionals on their knowledge of a particular topic. For this edition, we take a look at Auto Liability Doctrines.

 

Conference Preview: Workers’ Compensation Educational ConferenceOpen in a New Window

This month, thousands of workers’ comp professionals from all over the nation will converge to mark the 65th iteration of the Workers’ Compensation Educational Conference.

 

Legislation Would Split Costs on Concurrent Wind/Water Hurricane ClaimsOpen in a New Window

Legislation introduced in the Senate on July 29, which would split the difference on "wind vs. water" claims after a hurricane, appears to be generating little support within the P&C insurance industry.

 

Working the SpillOpen in a New Window

Let’s hear it for the independents, for which the oil spill and the weight of impossibly high public expectations is just another day at the office.

 

Nine New P&C Companies Join List of Top PerformersOpen in a New Window

The Ward Group has analyzed the financial performance of thousands of P&C insurers in the U.S. to compile a top 50 list of those that are demonstrating financial stability. Nine new additions were added to last year’s list.

 

U.S. Auto Theft: Downward Spiral ContinuesOpen in a New Window

Amid the surge in questionable staged-accident claims and suspicious hail loss claims comes a sunny spot: a lower incidence of auto theft.

 

NFIP Extended to Sept. 30thOpen in a New Window

On July 2, 2010, President Obama signed into law an extension of the National Flood Insurance Program, good until Sept. 30.

 

June Losses Top $200 MillionOpen in a New Window

Insured losses for the U.S. in June totaled about $200 million because of hail and flooding in the Northern Plains and tornado damage in the Midwest and Ohio Valley, Aon Benfield said.

 

Speaking Of: Independent AdjustingOpen in a New Window

IAS Claim Services' President Paul Kottler answered questions about the current role of independents, essential technologies for the industry, and how to attract new talent.

 

ACE in the HoleOpen in a New Window

The bright, frenzied lights of the Vegas strip once again served as the backdrop for this year’s ACE America’s Claims Event, which took place from June 22-24th at the Bellagio Hotel. Presentations are now up.
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