APCIA’s response came a day after State Farm made a surprise announcement on Friday that it is “necessary to take these actions now to improve” its financial strength and that it “will continue to evaluate our approach based on changing market conditions.” The insurer cited increased risks from wildfires and inflation among the reasons. This … Continue reading Increasing Cost of Claims Drives State Farm Out of the California Property Insurance Market
Tag: Insurance
Intel | Earthquake Losses Skyrocketing Along with Home Values, Building Costs
A new report from the U.S. Geological Survey (USGS) indicates that the economic toll of earthquakes has reached an estimated $14.7 billion in total annualized building damages and associated losses. That figure is double previous estimates and accounts for higher property values, building improvements and other factors, Property Casualty 360 recently reported. — Read on … Continue reading Intel | Earthquake Losses Skyrocketing Along with Home Values, Building Costs
How Medicare Advantage plans use AI to cut off care for seniors
A STAT investigation found artificial intelligence is driving Medicare Advantage denials to new heights, cutting off care for seniors. — Read on http://www.statnews.com/2023/03/13/medicare-advantage-plans-denial-artificial-intelligence/
Nationwide’s “Make Safe Happen” – Dedicated To Children’s Safety – #MakeSafeHappen
Safety took center stage during Super Bowl XLIX thanks to Nationwide’s “Make Safe Happen” commercial. The spot, which featured a little boy who died from a preventable accident, was designed to be jarring in order to “start a conversation,” Nationwide said. “I’ll never learn to ride a bike. Or get cooties. I’ll never learn to … Continue reading Nationwide’s “Make Safe Happen” – Dedicated To Children’s Safety – #MakeSafeHappen
“Nursing Our Injured Workers’ Ain’t No Hooey”
I was intrigued by this article in my daily Workers Compensation.com - CompNewsNetwork on how Traveler's Insurance has taken a bold step in hiring Nurses for a "Concierge Claim Nurse Program which guides an injured worker back to work quicker and saves money by working one on one with their Concierge Claim Nurse. Seems that … Continue reading “Nursing Our Injured Workers’ Ain’t No Hooey”
Home Inventory Apps Everyone Should Know About
Great information that everyone should know about! Always keep a copy of what you own and keep it in a safe place in case of a a potential disaster. Having dated pictures showing proof of ownership certainly would make things easier when filing an insurance claim. 📲📩
Texting And Walking – Maybe This Is A Solution?
Seeing Eye People are a safe and practical solution for those people that insist on texting and walking at the same time. City Transportation departments could easily fund this venture with their excess revenue and make a significant dent in unemployment. Graduating college students could start off as interns and advance into a full … Continue reading Texting And Walking – Maybe This Is A Solution?
Safe Driving Tips for This Holiday Season
The holiday season is one of the busiest times of the year for travel as people are leaving town to visit with family and friends. Automobile travel is always a popular choice as it is generally more affordable than other transportation and allows your schedule to be more flexible. Even if you are planning to … Continue reading Safe Driving Tips for This Holiday Season
Workers Compensation Rates for Employers Likely to Increase
Employers renewing their workers compensation policies likely will pay more for the coverage as claims costs rise and insurers' combined ratios deteriorate, experts say. Purchasers of primary and excess workers comp insurance are seeing price increases, mostly in the single-digit range, brokers and insurers say, but insurers are fighting to hold on to favored accounts. … Continue reading Workers Compensation Rates for Employers Likely to Increase
Job Opening! – SENIOR RISK CONTROL ENGINEER – Texas
Please contact Recruiter Directly! I am posting this as a favor to them! Thanks!! Description The ideal candidate will provide technical support to Operations on loss prevention issues including capital projects, corporate standards, fire protection, mechanical reliability and integrity, risk assessment and prioritization, and loss investigation and recovery. Also supports insurance underwriting activities and coordinates … Continue reading Job Opening! – SENIOR RISK CONTROL ENGINEER – Texas
Illinois Governor Quinn Proposes Workers’ Compensation Overhaul as Feds Probe Abuses
Gov. Pat Quinn on Friday unveiled his proposed overhaul of the state’s workers’ compensation system, suggesting changes his office says will save employers money while also preventing potential abuses that have attracted the attention of downstate federal prosecutors. The governor’s plan to change the way workers are paid following injury or illness on the job … Continue reading Illinois Governor Quinn Proposes Workers’ Compensation Overhaul as Feds Probe Abuses
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