Copy-paste test results: Allstate claims $1.3M no-fault fraud
Every patient got the same test results - word for word
Insurance News
LMG chief Caroline Wagstaff named president of insurance orchestra
She succeeds Reg Brown at the London Phoenix Orchestra, founded in 1924 to unite the insurance market through music
Isaias puts $71.8 billion in Gulf Coast commercial property in its path
Last year was the first hurricane season in a decade without a US landfall, and many commercial clients haven’t tested their hurricane terms since
UK P&I and TT Club merger clears member vote
The combined entity will carry US$750m in annual premium and span maritime, logistics and port risks under one structure
Asurion completes Domestic & General takeover
From washing machines to smartphones, Asurion now owns the cover. Its D&G deal has officially closed.
California comp report signals pressure for higher employer costs
California employers could face higher workers compensation insurance costs as rising claim frequency, litigation expenses and persistent underwriting losses put pressure on rates, according to a repo
Recovery Starts Before the Loss: What Claims Professionals Know About Severe Weather Preparedness
For years, the conversation around severe weather preparedness has focused on what happens before and during a storm: evacuation routes, emergency supplies, weather alerts, and shelter plans. Those me
Small Commercial Insurance Market Grows to $158 Billion as Insurers Bet on Main Street Resilience
Independent agents remain the dominant force in U.S. small commercial insurance distribution, and years of predictions that business owners would move en masse to buying coverage online have largely f
The Human Cost of Insurance Claim Fraud
Picture someone injured in an accident that wasn’t their fault: a slip and fall, a car crash, an incident on someone else’s property. The injury is real, the pain is real, and their need f
Insurance professionals urged to adapt as industry changes
CHICAGO — Insurance professionals should build their personal brands, develop skills that remain valuable as the industry changes and be prepared to take risks in managing their careers, industry exec
California brokers lose their pricing lever as risk turns collective
Rajni Kapur on carrier appetite, E&O exposure and the sales pitch brokers can't make anymore
Sompo Japan breach exposes 60,000 personal records
Sompo Japan Insurance Inc. has announced that unauthorized access to a server operated by its customer inquiry contractor may have exposed about 60,000 personal records, Nippon TV reported. The potent
Asian insurers gaining ground in global ranking
The world’s largest insurers are undergoing a sharp market-cap rotation, with investors favouring businesses that can combine disciplined underwriting, resilient investment income and capital generati
GEICO sues Brooklyn supplier over alleged $733K no-fault equipment fraud
Laser therapy for a fender bender - same device, every patient, $3,750 a pop
Houthis hit plane at Riyadh airport, half of departures halted
Yemen’s Houthi rebels struck Riyadh airport in Saudi Arabia on Thursday, causing a fire that severely damaged a Saudi Airline commercial plane parked at a terminal, Reuters reported. After the attack,
$850K insurer check for nonexistent settlement must be returned, court rules
An insurer paid for a deal that was never struck. Getting the money back took a contempt order
8 Questions on Technology, AI and the Agent Experience for Brent Skiles of Philadelphia Insurance
In August, Dan Reynolds, the editor in chief of Risk & Insurance, caught up with Brent Skiles, SVP & Chief Transformation Officer, Philadelphia Insurance Companies. What follows is a transcrip
Desk adjuster requests soar as claims veterans head for retirement
Carriers lean harder on remote claims staff as field talent thins, says Mid-America’s Henry Maley
Motor premiums rise year on year for first time since 2023
Defaqto data shows prices up 2.7%, with Northern Ireland up 16.3% and London still falling
Eric Leavitt elected to lead CIAB board as soft market takes hold
The Leavitt Group CEO succeeds CRC Group’s John Howard at the head of the association that places the majority of US commercial P&C premiums
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