Major insurer looking to even up its direct and intermediated SME business, should brokers be worried?
All applications must be in by March 15
Source: Insurance Business Online ICWA opens grant applications for neurotrauma research
New tool designed to speed up processes for brokers and improve cross selling
Source: Insurance Business Online Solution Underwriting reveals online tool a year in the making
Ten years ago¸ could you have imagined that the measly timekeeper around your wrist could save your life? In 2018¸ disease-detecting accessories are no longer science fiction. Last year¸ research showed that Apple Watch’s heart rate sensor could accurately pick up atrial fibrillation¸ an abnormal heart rate that can lead to stroke or heart disease. With this type of data becoming more easily accessible and attainable¸ health insurers are increasingly capitalizing on advancements in technology. “Data-driven companies are out there creating these wearable technologies that give an all day¸ every day picture of one’s health.”
Source: The Claims Page – USA Life Changing Technology Is A Win-Win For Insurers And Insureds
Maryland Attorney General Brian E. Frosh today announced that Jamar Marlyn Jones¸ 31¸ of Edgewood¸ pleaded guilty and was sentenced on one count of felony theft scheme having a value of at least $10¸000 but less than $100¸000. Jones’ theft scheme began in February 2013 and continued through September 2013. Jones conspired with a number of his friends and family to make numerous fraudulent insurance claims alleging his 2008 DTS Cadillac was damaged from accidents that never occurred. The theft scheme covered claims made in Harford County¸ Baltimore County¸ and Baltimore City¸ and he defrauded more than 9 insurance companies of more than $85¸000.
Source: The Claims Page – USA Fraudster Files Auto Damage Claims Repeatedly Within 8 Months¸ Collects K
A record year for natural disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend. Europe’s biggest insurer will increase the dividend for 2017 by 5.3 percent to 8 …
Source: Claims Journal USA Allianz Raises Dividend, Shrugs Off Hurricane Claims
There are still a few remnants at Country Classic Cars from the fire that lit up the sky in this rural Illinois town the night of Aug. 8. Concrete floors in the classic car business off old Route 66 remain warped and blackened in spots. A vault that kept the titles for some 600 classic vehicles safe from the towering flames is marked in places. And two cars that burned in the fire still sit on the lot¸ black and brown crisps of their former glory. The cause of the massive fire is still considered undetermined¸ but the Illinois Fire Marshal narrowed down the source to the wiring in one of five vehicles stored in the business’s main building.
Source: The Claims Page – USA Illinois Classic Car Business Off Route 66 Rises From The Ashes Of Massive Fire
Traffic deaths on U.S. roads fell slightly in 2017 after two straight years of big increases, but a leading safety organization that compiled the numbers says it’s no cause for celebration. The National Safety Council on Thursday estimated that 40,100 …
Source: Claims Journal USA After 2-Year Spike, 2017 Traffic Deaths Fell Slightly
An elk leaped into a research helicopter that was trying to capture it and brought down the helicopter in a collision that also killed the elk, authorities said Tuesday. The elk jumped into the chopper’s tail rotor as the aircraft …
Source: Claims Journal USA Leaping Elk Crashes Low-Flying Research Helicopter in Utah
A groundskeeper died after being struck by a tree branch while performing maintenance work at a school in Berwick on Wednesday.
Source: WorkSafe News School groundskeeper dies after being hit by tree branch
A construction company has been charged following the death of a painter at a building site at Merricks North in 2017.
Source: WorkSafe News Charges laid after painter’s death
The Minnesota Commerce Department is warning homeowners to learn about insurance and short-term rentals before putting their home on Airbnb.
Source: Property Casualty 360 Super Bowl short-term home rentals & insurance coverage
News from XL Group Ltd, Lockton, Marshall Dennehey Warner Coleman & Goggin and more.
Source: Property Casualty 360 People on the move in the P&C insurance industry: Jan. 19, 2018