Archive for April 2018

Insurers often require an insured to attend an examination under oath – a formal proceeding where insurers ask questions about a loss that may affect coverage – related to first party property insurance claims. During a recent Combined Claims Conference … Source: Claims Journal

Thanks to the nor’easters that hit New York and the East Coast, the U.S. has already had three $1 billion weather disasters since January, half the number in an average year. January and March winter storms that flooded the East … Source: Claims Journal

Dog bites and other dog-related injuries accounted for more than one third of all homeowners liability claim dollars paid out in 2017, costing almost $700 million, according to the Insurance Information Institute (I.I.I.) and State Farm. In conjunction with National … Source: Claims Journal

A raging fire that tore through a 50th-floor apartment at Trump Tower killed a man inside and sent flames and thick, black smoke pouring from windows of the president’s namesake skyscraper. New York Fire Commissioner Daniel Nigro said the cause … Source: Claims Journal

Emergency officials in Oklahoma, Texas and Kansas are bracing for two types of disasters as spring gets into full swing: The start of what’s historically the most active time of year for tornadoes plus wildfire threats brought on by severe … Source: Claims Journal

The state will attempt to recoup the costs of repairing a bridge over a major highway outside Anchorage that was struck by an over-height truck last month. The Alaska Department of Transportation hopes to recover the costs from insurance providers … Source: Claims Journal

Houston, Texas, officials on Wednesday approved a rule for new homes and other buildings in the city’s flood plains that will require them to be elevated higher off the ground to avoid floodwaters. The regulation comes more than seven months … Source: Claims Journal

The U.S. government’s road safety agency says it has received allegations that defective Goodyear motor home tires caused crashes that killed or injured 95 people during the past two decades. The allegations were revealed in an information-seeking letter dated Tuesday … Source: Claims Journal

Climate change and the resulting weather-related events have increased costs in the property insurance industry. Whether climate change is caused by human activity or is the result of an evolving planet is debatable to some, but the increasing severity of … Source: Claims Journal

Cigna’s purchase of healthcare pharmacy benefit manager Express Scripts last month was just the latest insurer/PBM acquisition in an effort to control rising medical treatment and drug costs. There’s been quite a few pharmacy benefit manager (PBM) acquisitions in healthcare … Source: Claims Journal