Insurer Chubb Prepares to Pay $350M in Baltimore Bridge Collapse
Claims Journal
by Admin
6h ago
Chubb, the insurer of Baltimore’s Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday. The payment is expected to be authorized ..read more
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Report Shows Significant Drop in Opioids in Workers’ Comp
Claims Journal
by
23h ago
Overall opioid utilization is down nearly 10%, and the use of sustained-release opioids dropped by more than 10%, a new report shows. Authors of the report credit efforts by workers’ comp regulators and professionals to control opioid prescriptions and distribution ..read more
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ClaimsPro Names Stenberg Executive General Adjuster
Claims Journal
by
23h ago
ClaimsPro added Jeffrey Stenberg to its Specialty Risk Division as an executive general adjuster in the U.S. Stenberg began his insurance career in 1987 performing boiler and machinery loss prevention surveys and jurisdictional inspections at large commercial properties. He has ..read more
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The Difference Between Lost Wages and Lost Income Analyses
Claims Journal
by Admin
23h ago
Forensic accountants are often retained to evaluate economic damages arising from a multitude of circumstances. These engagements require a set of specialized knowledge unique to the facts of the particular case. In many cases a forensic accountant will be retained ..read more
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New York Court Officer Wins 9/11 Workers’ Compensation Benefits on Appeal
Claims Journal
by Andrew G. Simpson
23h ago
On the morning of September 11, 2001, Robert Liotta was at his job as a senior court officer at 100 Centre Street in New York City when not far away terrorists attacked the World Trade Center. Right away, he began ..read more
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JPMorgan Expects to Pay $100 Million in a Third Surveillance Case
Claims Journal
by Admin
23h ago
JPMorgan Chase & Co., fresh off settling complaints from two regulators over gaps in its trade-surveillance program, expects to pay an additional $100 million to settle a related inquiry from another watchdog. The firm disclosed the expected agreement in a ..read more
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UnitedHealth Hack Put Data of One in Three Americans at Risk
Claims Journal
by Admin
23h ago
UnitedHealth Group Inc. Chief Executive Officer Andrew Witty told lawmakers his company is still trying to determine why its computer systems were left vulnerable to hackers who perpetrated a devastating cyberattack. Lawmakers zeroed in on lax defenses during more than ..read more
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Growing Wildfire Risk Leaves States Grappling With How to Keep Property Insurers From Fleeing
Claims Journal
by Admin
23h ago
Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won’t be renewed because their insurance company has deemed the risk too high. It’s a problem ..read more
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Swiss Re: Auto Insurance Price Rises to Decelerate as Claims Inflation Eases
Claims Journal
by
23h ago
Auto insurance price rises are expected to decelerate from current heights as claims inflation eases, according to a new economic analysis from Swiss Re. With more adequate pricing returning, competition in auto insurance is beginning to intensify, leading to expectations ..read more
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Florida ‘Butt Lift’ Surgery Clinic Linked to 15 Drug-Resistant Bacteria Infections
Claims Journal
by
23h ago
Florida and federal health officials have determined that 15 infections from a drug-resistant bacteria have been linked to a south Florida clinic that performed Brazilian “butt lift” surgeries in 2022 and 2023. “Multiple lapses in infection control and prevention were ..read more
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