The Florida Supreme Court recently considered whether the original policyholder’s signed rejection form, rejecting higher limits of UM coverage, applied to the original insured’s daughter who later became the sole named insured under the policy. In Chase v. Horace Mann … The post Named Insured’s Decision to Reject Higher UM Limits Was Not Binding on…

Despite a decline in the number of jewelry store robberies and burglaries in 2014, dollar losses increased by more than $11M, according to John Kennedy, president of Jewelers Security Alliance (JSA). Kennedy and Scott Guginsky, vice president of JSA, discussed … The post Jewelry Theft Losses Increased by More Than $11M in 2014 appeared first…

Private U.S. property/casualty insurers’ net income after taxes fell to $55.5 billion in 2014 from $63.4 billion in 2013, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus dropping to 8.4 percent from 10.2 … The post Continuing Profitability for P/C Insurers as Results Deteriorate appeared first on Claims…

The U.S. auto safety watchdog, long criticized as toothless and slow, is showing both bark and bite under its new boss – a testimony to his credentials as a safety expert and a hardening of the administration’s policy after a … The post Federal Auto Safety Watchdog Showing its Bite appeared first on Claims Journal.…

The U.K.’s Financial Conduct Authority criticized the insurance industry for “poor practices” and “significant” failures in handling claims for small and medium-sized companies. The regulator said a review of the experiences of business customers showed more dissatisfaction with insurers than … The post U.K.’s FCA Finds Insurers Treat Small Companies Poorly appeared first on Claims…

CFO and State Fire Marshal Jeff Atwater, alongside Miami-Dade State Attorney Katherine Fernandez Rundle, announced 30 more arrests made during the second wave of a collaborative state and local operation known as “Operation Flames and Floods.” The investigation exposed an … The post More Arrests in Conjunction With Florida Insurance Fraud Sting appeared first on…

Workers’ compensation claims in Texas grew more slowly than in most of the other study states examined in a recent report by Cambridge-based Workers Compensation Research Institute (WCRI). The total average cost per claim for injured workers in Texas was … The post Slow Rise in Texas Workers’ Comp Claims Costs: WCRI appeared first on…

More youth, age 17 and under, were injured at work in 2014 compared to the previous year. Falls were the leading cause of injuries in the food and retail industries. Still, youth work-related injuries are down significantly from the highs … The post Washington Reports Rise in Youth Work Injuries in 2014 appeared first on…

Why investigate lightning claims? I have a better question, Why not investigate lightning claims? With spring and fall arriving, claims adjusters are about to be “covered up” with lightning damage claims. How many times as an adjuster have you heard … The post The Value in Investigating Lightning Claims appeared first on Claims Journal. Source:…

Xchanging plc, a business technology and services provider, is delighted to announce the London market launch of a new global TPA adjusting service – Xcelsia Claims. Offering global coverage, Xcelsia Claims partners with established TPAs in local territories to combine … The post Xchanging Launches New TPA, Xcelsia Claims appeared first on Claims Journal. Source:…