Inventory and photograph the debris pile before it “walks away.” Photograph all losses immediately. Board up and protect the property from further damage as is required by the policy. Salvage any financial documents or business records needed to prove and …
Many people can be responsible for preparing and submitting claims. The policyholder should prepare his or her own claim. However, he or she may ask for help. Agents — The agent should help prepare the claim, making sure to carry …
The Illinois State Insurance Department receives reports of six alleged cases of workers’ compensation insurance fraud each week, according to Director Michael McRaith. Some reports accuse employers of fraudulently denying claims, while others accuse employees of exaggerating injuries. Other reports …
The Texas Department of Insurance recently approved the expansion of two existing workers’ compensation health care networks (HCN) and certified a number of new networks. At press time there were a total of 10 networks authorized. Texas Mutual Insurance Company …
Automakers will be required to tell owners if their vehicle has an event data recorder, commonly called a “black box,” and collect uniform data from the devices, the federal government said. In the seconds before, during and after a crash, …
In its recently issued global insurance report A.M. Best Co. concludes that “almost a year after three massive hurricanes — Katrina, Rita and Wilma — the global reinsurance industry is still struggling to manage its catastrophe exposure.” The report, “Reinsurers …
Risky business is more than just the name of an ’80s movie — it also reflects the moviemaking business itself. Particularly in foreign countries, casts and crews face threats from disease, terrorism, kidnap and ransom, to name a few. To …
The Chubb Corporation reported that net income in the second quarter of 2006 was $598 million, or $1.41 per share, compared to $495 million, or $1.23 per share, in the second quarter of 2005. Operating income, which the company defines …
Nearly 29 percent of company time in America is unproductive, according to the results of a new study by management consulting firm, Proudfoot Consulting. The estimated cost of poor productivity in the U.S. is $598 billion and U.S. companies “lose” …
The Pennsylvania-based convenience store chain Sheetz Inc. has settled all but a few customer lawsuits spawned by salmonella-tainted tomatoes sold at its stores two years ago. But complicated legal battles involving Sheetz, insurance companies and food suppliers must now settle …
