Posts by Y@DminG
Texting and Driving Only a Minor Ding in Car Insurance Premium
Insurance companies are finally putting a price on the risk of distracted driving, and it’s relatively cheap. Last year, a ticket for using a mobile phone while driving added $226 to the average insurance policy, an increase of 16 percent, … Source: Claims Journal
Read MoreLouisiana Recovery Group Marshals Cash, Volunteers to Help Flood Victims
Leslie Garon pressed her right hand to her chest and choked back tears as she addressed more than a dozen green-shirted volunteers in her living room earlier this month. “From the bottom of my heart, I appreciate every one of … Source: Claims Journal
Read MoreBusiness News: Sedgwick, Verisk, CLARA Analytics
Sedgwick has finalized the purchase of global loss adjusting, claims management and risk solutions firm Cunningham Lindsey and its subsidiaries. The combined organization—including the subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, with select exceptions—will move toward operating globally under the … Source: Claims Journal
Read MoreHurricane Harvey Research Shows Most Fatalities Occurred Outside Flood Zones
A Dutch-Texan team found that most Houston-area drowning deaths from Hurricane Harvey occurred outside the zones designated by government as being at higher risk of flooding: the 100- and 500-year floodplains. Harvey, one of the costliest storms in US history, … Source: Claims Journal
Read MoreIRC: Auto Injury Claims Costs Outpace Inflation, Lawyer Involvement Increases
A new study from the Insurance Research Council (IRC) shows that claimed economic losses for auto bodily injury liability (BI) insurance claims increased 10 percent annualized from 2012 to 2017, substantially above the medical inflation rate of 3 percent over … Source: Claims Journal
Read MoreMitchell: Workers’ Comp Billing Errors Could Be Costing Payors
Inappropriate coding and unbundling were two of the most common billing issues Mitchell found during their medical billing audit. The analysis was presented in Mitchell’s Q1 2018 Industry Trends Report. The author of the first in a three part series … Source: Claims Journal
Read MoreN.J. High Court Rules That Phantom Vehicles Can Be Allocated Fault
The New Jersey case of Mark R. Krzykalski v. David T. Tindall involves an auto accident where both the plaintiff and the defendant were in the left lane turning left through an intersection. An unidentified driver turned unexpectedly from the … Source: Claims Journal
Read MoreWhat Happens When a Plane Ruptures: Violent Winds, Flying Debris
When even a small hole suddenly opens in a jetliner flying miles above the Earth, it unleashes hurricane-like forces. Everything that’s not strapped down flies toward the opening. The wind can easily lift a person up and out of the … Source: Claims Journal
Read MoreDo Your Claims Letters Contain the Appropriate Tone?
There’s no good reason to make an enemy of the claimant or, if in litigation, the opposing attorney. We reveal ourselves in our claims letters and their tone. Is the tone nasty? Negative? Arrogant? Your job is to make your … Source: Claims Journal
Read MoreNYC Slip and Fall Scheme Defrauded Businesses, Insurers of More Than $31M
Five New York City men were charged with conspiracy to commit mail and wire fraud in connection with a scheme to obtain fraudulent insurance reimbursement and other compensation for fraudulent slip-and-fall accidents, according to a joint announcement by the United … Source: Claims Journal
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