claims News

Minimum Wage, OT And Workers’ Comp Premium Changes in Washington Starting in 2022

Changes in Washington’s minimum wage, overtime for white-collar professionals, overtime for agricultural workers, and workers’ compensation premiums are set to take effect Jan. 1, 2022. The Washington State Department of Labor & Industries on Tuesday issued reminders to businesses and …

Workers’ Comp Bureau of California Issues COVID-19 Analysis

The Workers’ Compensation Insurance Rating Bureau of California in collaboration with several other workers’ comp rating bureaus released the COVID-19’s Impact on Workers Compensation report. To better understand the pandemic’s impact on the workers’ comp industry, a collaborative effort was …

Report: California Public Self-Insured Workers’ Comp Indemnity Claim Cost up

An analysis shows that in the midst of the pandemic, the total number of job injury claims reported by California public self-insured employers edged down slightly last year, but a growing number of lost-time claims and rising claim severity fueled …

Claims Services Provider McLarens Forms Strategic Alliance With Polish Firm Saltex

McLarens, the Atlanta-based insurance services provider, has entered into a strategic alliance with Saltex, a Polish claims management and loss adjusting firm with offices in Warsaw and Wroclaw. Operating as McLarens’ exclusive affiliate in Poland, the partnership with Saltex will …

Report: California Workers’ Comp Covid Claim Volume Trending Down After Summer Surge

The summer surge of COVID-19 claims that hit the California workers’ compensation system in July and August appears to have run its course, according to the California Workers’ Compensation Institute. A CWCI analysis released on Tuesday shows the number of …

Women Pay More for Car Insurance in Some States, Report Finds

Women 35 and older tend to pay more for automobile insurance, especially in Florida and Alaska, an insurtech company study found. Young men usually pay much more than young women do for car insurance. But by age 35, women are …

Florida Appeals Court: Delayed Claim Document Doesn’t Hurt Insurer

A week after a federal court found that waiting two years to file a property claim is too long, a state court reached a different conclusion: Failing to timely file supporting documents on a claim does not necessarily harm the …

Insurtech Startup With Claims Monitoring Platform Raises $30M

Insurtech startup owl.co Labs Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company’s machine learning-focused insurance claims monitoring platform. “By leveraging machine …

Mercury Insurance Reports a 40% Spike in California Comprehensive Car Claims

Mercury Insurance is reporting a dramatic increase in vehicle vandalism and auto theft in California, with comprehensive auto insurance claims reportedly up 40% since pre-pandemic levels. While the increase in theft and vandalism began when the COVID-19 pandemic started, theft …

People Moves: Beazley Promotes Turk to Head of Strategy; Everest Hires Chubb’s McBride as Head of Claims; Pen Names Hiscox’s Dixon as Head of Tech

This edition of International People Moves details promotions and appointments at three insurers: Beazley, Everest Insurance and MGA Pen Underwriting. A summary of these new hires follows here. Beazley Promotes Turk as Group Head of Strategy Beazley, the London-based insurer, …