Archive for March 2016
Maine Reports Auto, Homeowners Insurance Affordability Ranks High Among States
Maine continues to be among the top states in the nation for most affordable homeowners and personal auto insurance rates, according to a recent announcement by Insurance Superintendent Eric Cioppa. Recently released reports by the National Association of Insurance Commissioners … Source: Claims Journal
Read MoreOhio Pharmacists Take on New Role in Battle Against Addictions
A tool for helping battle Ohio’s deadly addictions epidemic is adding new dimensions to the jobs of pharmacists. A state computerized reporting system gives pharmacists quick access to patients’ prescribing histories as they weigh whether to fill suspicious prescriptions. It’s … Source: Claims Journal
Read MoreForensic Expert Says Iowa Woman’s Death Was Due to a ‘Slip and Fall’
Jurors in the first-degree murder trial of a former Boone, Iowa, man accused in the death of his wife heard from a forensic expert who says the woman’s death was an accident. Lawyers for Alexander Fazzino, who is charged with … Source: Claims Journal
Read MoreTexas Lawyers Sued for Allegedly Bankrolling BP Oil Spill Claims Scam
Two high-profile Texas attorneys were sued by a fishing boat captain who said they were involved in a scam to cheat BP Plc out of millions of dollars with false compensation claims for the Gulf of Mexico oil spill. She’s … Source: Claims Journal
Read MoreOklahoma’s Workers’ Comp Opt-Out Act Ruled Unconstitutional
The Oklahoma Workers’ Compensation Commission has determined that the opt-out portion of the state’s 2013 workers’ compensation statute is unconstitutional. Ruling on an appeal under the provisions of the Oklahoma Employee Injury Benefit Act, or Opt-Out Act, the three judge … Source: Claims Journal
Read MoreFitch: Competitive Underwriting Drives U.S. Regional P/C Insurer Returns
Pricing improvements over several years in underwriting portfolios have propelled returns for U.S. regional property and casualty insurers, according to Fitch Ratings. The ability to implement further pricing actions in a more competitive market environment will have a significant influence … Source: Claims Journal
Read MoreEl Nino Has Yet to Dampen Drought-Stricken California
Ed Heinlein surveys the steep mountainside that has repeatedly unleashed tons of mud into the backyard of his Southern California home since a 2014 wildfire and still hopes the drought-stricken state gets more rain. “We have to have the rain,” … Source: Claims Journal
Read MoreSurvey Finds Uptick in Use of Predictive Analytics by P/C Carriers
Over the next two years, many property/casualty insurers expect to advance their use of predictive analytics to both improve business performance and leverage big data, according to Willis Towers Watson, a global advisory, broking and solutions company. This seemingly makes … Source: Claims Journal
Read MoreNICB: Initial Efforts Limited Fraud Following 2013 Moore, Oklahoma Tornado
Unprecedented planning by state and local authorities, law enforcement and the insurance industry established what is being called a national model for protecting the public from fly-by-night contractors in the aftermath of a natural disaster. According to the National Insurance … Source: Claims Journal
Read MoreNew Mexico Governor Signs DWI Legislation to Toughen Penalties
After hugging family members of victims killed in drunken driving-related accidents, New Mexico Gov. Susana Martinez signed a bill Tuesday aimed at toughening penalties for drunken driving offenses. Martinez signed the measure during a ceremony at New Mexico State Police … Source: Claims Journal
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