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Florida’s Top 10 Most Wanted Insurance Fraudsters
Florida Chief Financial Officer Jimmy Patronis has released a top 10 list of most wanted insurance fraud criminals and called on local communities to help find the individuals. According to a statement from the Florida Department of Financial Services, each … Source: Claims Journal
Read MoreReport: San Francisco Bay Area Falls Behind on Quake Safety
The San Francisco Bay Area is falling behind on efforts to retrofit buildings that are vulnerable to collapse during a major earthquake, according to a newspaper analysis. The Los Angeles Times reported Sunday that there are up to 3,000 brittle … Source: Claims Journal
Read MoreSouthwest Issues Apology, Sends $5K Check to Passengers on Damaged Jet
Southwest has sent a letter of apology, a $5,000 check and a $1,000 travel voucher to passengers who were on a flight that made an emergency landing in Philadelphia after an engine exploded. “Please accept our deepest apologies,” Chairman Gary … Source: Claims Journal
Read MoreTexting 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
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