Claims

Experts contend the financial reform legislation does little to ensure accountability among regulators.

Insurable losses from the hurricane not to exceed $200 million, notes AIR Worldwide.

H.R. 5569, a temporary reauthorization of the National Flood Insurance Program (NFIP), will land on President Barack Obama’s desk in the coming days.

New Novarica report examines the rise of modern claims offerings.

FM Global says the industry well capitalized to withstand potential strong storms.

INN announces the results of its fifth annual program recognizing the distinct and outstanding accomplishments and contributions of women in the insurance industry.

StoneRiver survey posits reinsurers concerned about not having automation for aggregation in the event of a catastrophe.

New Celent report says there is no single best claim solution for all European insurers.

Asian insurance CIOs tend to be very tech-aware, and are actively pursuing process automation.

EWI Risk Services says the long-term potential impact of the disaster on the D&O market is in the range of $250 to $500 million.

Mitchell’s WorkCenter is designed to provide assignment, repairable estimating, total loss valuation, review/audit, repair management and reporting.

Celent report says Asian insurers will spend 1% to 3% of premium on IT in 2010.

Solution designed to allow insurance customers to pay bills, download ID cards, report claims and file endorsements with attachments.

B&L's insurance companies will use SIMS Claims to replace multiple legacy systems and optimize IT and claims operations.

Lapses in insurance-related programs persist as legislators wrangle.

Federal judge U.S. District Court Judge Janet Hall gave preliminary approval to a settlement under which The Hartford Financial Services Group Inc. will pay $72.5 million to a group of claimants alleging the insurer engaged in fraudulent practices in settling various injury claims.

AMA members say insurers are making progress, but processing costs are on the rise due to errors, underpaid, overpaid or incorrectly unpaid claims.

The verdict could have far-reaching ramifications for organizations seeking reimbursement for costs related to mitigating data breaches.

Despite the advantage, observers says there is little room for lawmakers to maneuver.

In letter to legislators, group decries fallout from short-term extensions.