Articles by Denise Johnson

ACE’s Greenberg Addresses Chubb Employees on Buyout

A landmark purchase was announced this week when ACE Limited released news that it planned to acquire Chubb for $28.3 billion. Once the transaction is completed the combined companies will operate under the Chubb name. The purchase will provide ACE …

FCC Outlines New TCPA Rules

On July 10, the Federal Communications Commission (FCC) issued a Declaratory Ruling revising the Telephone Consumer Protection Act (TCPA) that became effective immediately. The ruling included the definition of automated dialer and a one call “safe harbor” rule for reassigned …

The Ins and Outs of Bad Faith Claims in Florida

Coverage, liability and damages analyses are the three common themes of Florida third party bad faith cases, according to two southeast Cozen O’Connor defense attorneys. The attorneys presented on the subject during a two-part webinar offering claims handling tips in …

Insurance Industry Explores Google Glass Uses

Improved customer service may be just one benefit insurers could see by using Google Glass in their operations. Michael Clifton, vice president of Insurance for Cognizant, described some of the benefits in the company’s white paper last year, Google Glass: …

Key Factors to Weathering Disasters

Addressing resiliency and understanding the types of disasters that can impact businesses are key factors to weathering disasters, according to a bulletin issued by Sedgwick earlier this year. Forecasting major industry trends that employers should watch in 2015, the bulletin …

What Cars of the Future Will Look Like

Much of the talk surrounding autonomous cars these days is centered on testing and regulations and not on what the car of the future might look like. A 2012 Institute of Electrical and Electronics Engineers (IEEE) press release predicted autonomous …

Property Replacement Costs on the Rise: Xactware

Replacement costs increased by more than five percent between April 2014 and 2015, said Greg Pyne, assistant vice president of Pricing Data Services at Xactware, a Verisk Insurance Solutions company. Pyne outlined the factors that influence reconstruction costs during a …

New Law in Minnesota Adds More Anti-Fraud Measures

Minnesota has added new powers to lodge civil actions against insurance fraudsters and kick swindlers out of the insurance system, the Coalition Against Insurance Fraud announced. The strong anti-fraud measures became law when Gov. Mark Dayton signed a larger omnibus …

Influx of Data Creates Legacy System Conundrum

New data derived from technology innovation is just one of the many reasons insurers are considering the daunting task of implementing new claims systems. A number of recent industry reports indicate that insurance IT spending is expected to increase. Late …

New Survey Highlights Opportunities for Improving Property Claims Vendor Usage

A new survey highlights opportunities for North American property/casualty insurers to better utilize property claims third party services. Commissioned by BrightClaim, a national claims services provider, and conducted by Ward Group, a provider of benchmarking and best practices studies to …