Archive for September 2019

Medical payments in California’s workers’ compensation system continued to decline in 2018 as the medical payments per claim decreased, according to a report from the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its California Workers’ Compensation Aggregate … Source: Claims Journal

Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance payout from a novel program just 12 years old. CCRIF, once short for the Caribbean Catastrophe Risk Insurance Facility, was … Source: Claims Journal

The state of Iowa and a group of doctors at University Hospitals and Clinics in Iowa City will pay a Fairfield woman $2.5 million after she lost both legs to amputation and became paralyzed after what she claimed was a … Source: Claims Journal

Hurricane Dorian inflicted an estimated $7 billion in total insured and uninsured losses on the Bahamas, according to catastrophe risk modeling firm Karen Clark & Company (KCC). This includes building, contents, and business interruption exposures for commercial, residential and industrial … Source: Claims Journal

Hawaii County has agreed to pay a $15.1 million settlement to the family of a Michigan man who was struck and killed by a police patrol car. The Hawaii Tribune-Herald reported that 63-year-old Jeffrey Surnow was riding a bicycle on … Source: Claims Journal

The ransomware attacks on public entities in Texas, Florida, Maryland, Georgia and elsewhere this year have raised questions not only about paying ransoms but also about the role of insurance in helping these targets get back to serving the public. … Source: Claims Journal

Sep 5, 2019, 9:58 AM — Hurricane Dorian will strafe the North Carolina coast by Thursday night, and could make landfall in the state with 115 mile-per-hour winds and an 8-foot storm surge. Located about 70 miles (113 kilometers) from … Source: Claims Journal

Insurance and benefits claims firm Sedgwick said it has completed its purchase of York Risk Services Group, which offers claims administration, managed care and loss adjusting services. The acquisition plan was first announced in July. The purchase marks Sedgwick’s third … Source: Claims Journal

Divers and search crews were still looking Tuesday for nine missing people after at least 25 were confirmed dead when a boat packed with scuba divers caught fire near an island off the Southern California coast. The dive-boat Conception became … Source: Claims Journal

The Kansas insurance commissioner will take supervisory control of a company that provides malpractice insurance to nearly 500 medical professionals in Missouri and Kansas. A Shawnee County judge last week placed Physicians Standard Insurance Company in rehabilitation mode with Kansas … Source: Claims Journal