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The Most Recently Released Updates Regarding Insurance Claims

We hope that by illuminating the severity of this trend, we call attention to the growing need for treatment and for prevention strategies. Ohio is being hit particularly hard by the national opioid epidemic, which claimed a record 33,000 lives in the U.S. in 2015. The opioid death rate in the state spiked 13 percent between 2014 and 2015, among the largest increases in the country. Heroin deaths increased by nearly 20 percent over the same period, claiming 1,444 lives.FAIR Health has the largest private health claims database in the U.S. The epidemic is posing risks to kids who are exposed

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Have You Ever Looked Into Claims Adjusters?

The bill goes a long way toward mitigating a cost driver for Florida insurers, said David Altmaier, the state insurance commissioner. But Rep. Joesph Geller, D-Dania Beach, unsuccessfully tried to strip the proposed fee formula from the bill, warning it was untested and unvetted and likely to be challenged in court. Insurers and their supporters say theyve been hit with escalating costs from South Florida attorneys who have figured out how to exploit a longtime consumer-protection law that shields policyholders from paying insurers legal fees if they sue over a claim and lose. The insurers

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Claims Adjusters Comment

AIG, -0.39% said a study of M&A claims filed between 2011 and 2015 found that 23% of deals with a value of more than $1 billion end in a claim. "The bigger and more complicated a deal is, the more likely there is an unknown liability lingering," said Mary Duffy, Global Head of M&A Insurance, AIG. "We are paying sizeable claims, sometimes writing eight-figure checks in different geographies." AIG shares are down 9% in 2017 so far, while the S&P 500 SPX, -0.19% has gained 4.4%. Back to Top Copyright 2017 MarketWatch, Inc. All rights reserved. By using this site you agree to the Terms of Service

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Just Public Adjusters

claims involving bedbugs increased 50% between 2014 and 2015, from 66 to 99, according to Allianz. The insurer has already counted 70 bedbug claims through September 2016, heading for a total that could surpass the previous year's, said Larry Crotser, the chief claims officer for the insurer's Allianz Global Corporate & Specialty unit. The findings were included in a global report by the Allianz unit , which analyzed more than 100,000 corporate liability claims from roughly 100 countries paid by Allianz and other insurers between 2011 and 2016, totaling $9.3 billion. The claims involved eve

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Just Insurance Adjusters

I experienced the pain as a staff member and a claimant, Tan said. The lack of transparency of the claims and the lengthy process makes the claimant feel frustrated about it. The claim processes cost the industry more than 15 percent of the total indemnity payout annually. The company uses mobile, AI and video communication platforms to speed up processing claims. The mobile platform lets customers document their loss and go through claims details. The AI uses info from the insurers past years along with current data to estimate the cost of the claim based on images, data and a third-party

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Claims Adjusters Opinions

CHICAGO -- Severe storm systems wreaking death and destruction are also causing a growing pile of insurance claims, an insurance agency's report says. Destructive storms in the U.S. throughout March are expected to cost the insurance industry more than $2 billion, according to a report from Aon Benfield, the global reinsurance branch of London-based Aon. The most damaging was an early March system that dropped dozens of tornadoes throughout the Midwest and parts of the South, downing power lines and damaging buildings, before heading east and creating havoc there, the report said. Total economic

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The Most Current Facts Regarding Loss Adjusters

As far as the insurance company was concerned, I was guilty. State Farm does not comment on pending litigation or specific claims, spokesman Justin Tomczak said. We handle each claim on its merits and conduct a diligent investigation to determine what we owe under the policy, he said. That work can include many things, including phone records, that become pertinent to completing our investigation. While I cannot comment on a specific claim, I can tell you that we rarely obtain phone records. The records can be obtained only by a court order or a customer's consent. A private investigator, Tim

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Everything About Loss Adjusters

Saint Francis Health System bought EASTARs east campus and assumed the remainder of a 40-year lease for its insurance claims main campus, a facility that is owned by a city trust formerly known as Muskogee Regional Medical Center. The acquisition by the Tulsa-based network of hospitals, clinics and physicians was announced in February and finalized Saturday. BCBS officials, in the online alert that was removed Wednesday following media inquiries, attributed the problems to a decision made by Saint Francis to reject reimbursement rates previously accepted by EASTAR. That decision resulted with

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