Minister reveals what the industry can expect from a busy regulatory year ahead
Source: Insurance Business Online Government briefs insurance industry on year ahead
A stakeholder workshop is being cooked to address the issue
Source: Insurance Business Online Corporate watchdog probes insurers’ surveillance practices
The bank says it’s working to deliver a new ‘protection solution’ for customers
Source: Insurance Business Online CBA drops insurance add-ons and will refund m to consumers
Manufacturing has changed monumentally with the introduction of new technologies and automated capabilities. Workers are now empowered and assisted by machines and digital automation of commercial organizations is something the insurance industry has had to keep a close eye on. Technology brings new risks and exposures to the workplace¸ and poses underwriting and risk management challenges for insurance professionals. Global insurer Chubb has been with the Trinchero Family Estates – America’s fourth largest family-run independent winery – for more than 30 years.
Source: The Claims Page – USA Automation Creates ‘New Challenges’ For Risk Managers
A bill that would change the personal injury protection coverage required in all Kentucky automobile insurance policies has passed the state Senate. Sen. Rick Girdler¸ R-Somerset¸ said he introduced the measure¸ known as Senate Bill 121¸ to stop very specific abuses in PIP¸ intended for those injured in automobile wrecks to quickly be reimbursed for medical bills and lost wages without regard to who was at fault. SB 121 passed yesterday by a 21-16 vote. “As an insurance agent¸ I’ve had the opportunity to see the impact of insurance fraud and abuses firsthand¸” Girdler said.
Source: The Claims Page – USA Kentucky Senate Moves Auto Insurance PIP Legislation
A former Ventura hospital worker was ordered Thursday to pay more than $26¸000 in restitution and sentenced to 60 days in jail for workers’ compensation insurance fraud. Michelle Cordero¸ 50¸ of Nocona¸ Texas¸ pleaded guilty to one felony count of insurance fraud in January¸ according to court records. She was also sentenced to five years of supervised probation. Authorities said Cordero filed a workers’ compensation claim in July 2015 for a right shoulder injury she said happened while moving a shelf while working at Community Memorial Hospital. In her report¸ Cordero also denied having prior shoulder injuries and went to only one doctor.
Source: The Claims Page – USA Former Hospital Employee Guilty Of K Workers’ Comp Scam
A nearly-century-old Southern California hospital that sits on an active earthquake fault will close because it can’t meet state earthquake safety requirements, officials said Monday. Community Medical Center Long Beach announced it has submitted a four-month lease termination notice to …
Source: Claims Journal USA California Hospital on Quake Fault Will Close
Fifteen students in one Florida school district are facing felony charges and prison time for making alleged threats since the Marjory Stoneman Douglas High School massacre. Meanwhile, an autistic Minnesota high school student whose alleged threat led to a six-hour …
Source: Claims Journal USA After Florida School Shooting, Even Idle Threats Get Tough Response
The Department of Education and Training and a private swim centre operator have each been charged by WorkSafe following an incident involving a Ballarat student in 2016.
Source: WorkSafe News Charges laid over swim school injury
WorkSafe’s new head office is one step closer to be being open for business, with a Welcome to Country and traditional smoking ceremony held today in Geelong.
The ceremonies were presided over by fourth generation Wadawurrung Woman and Traditional Land Owner Naomi Surtees, who officially welcomed WorkSafe to Geelong with a heartfelt ceremony.
Source: WorkSafe News Traditional Land Owners welcome WorkSafe to Geelong
Strata experts say not whether a building has bad cladding can cost unit owners up to 300% in premium increases
Source: Insurance Business Online Queensland unit owners at risk of skyrocketing insurance costs
Young professionals in life, general, reinsurance, and insurance law, in all states and territories are urged to join
Source: Insurance Business Online Applications for public-speaking tilt for young insurance professionals now open
Due to multiple catastrophes during the first nine months of 2017, property/casualty insurers saw profits plummet, according to the latest Verisk report on the state of the industry. Even so, P/C insurers are doing well, said Beth Fitzgerald, senior vice …
Source: Claims Journal USA Despite 2017 Catastrophes, Industry Surplus at All Time High
Authorities are urging people to flee areas devastated by a deadly California mudslide because of a coming storm. The Santa Barbara County Sheriff’s Office says a recommended evacuation warning goes into effect at 8 a.m. Wednesday for Goleta¸ Santa Barbara¸ Montecito¸ Summerland and Carpinteria. Evacuations aren’t mandatory but the Sheriff’s Office says there’s a “high risk” for loss of life and property. Authorities say a storm coming in Thursday night is expected to rain heavily enough to cause mudslides in the fire-scarred foothill area where mudslides killed more than 20 people last month.
Source: The Claims Page – USA As Storm Approaches¸ Evacuation Warning Issued For Southern California Mudslide Area