Liability Claims News

Farmers: Fall Home Insurance Claims Tied to Rising Fire, Liability Claims

New claims data released as part of the Farmers Insurance Seasonal Smarts Digest shows the potential for home insurance claims tied to liability and fire should be at the forefront of homeowners’ minds. Farmers data shows that liability- and fire-related …

New Mexico’s Commuter Train Damage Claim Payouts Reach $8M

New Mexico’s commuter rail service has received a free ride while taxpayers have shelled out nearly $8 million to settle damage claims against the Rail Runner Express, according to state records. The Rail Runner, until last month, didn’t pay premiums …

Insurers Weigh Risks of an Oil Train Catastrophe

In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, damage to property and environmental clean up? The short answer …

GEICO Plans to Hire More Than 400 Employees in Tucson

To keep up with its strong policyholder growth, GEICO plans to hire more than 475 new associates in 2014 in its regional office in Tucson. The GEICO Tucson office, which already employs more than 1,350 associates, is recruiting candidates for …

GEICO Plans to Hire 200 New Employees in Tucson

GEICO (Government Employees Insurance Company), a member of the Berkshire Hathaway family of companies, announced plans to expand its Tucson, Ariz., regional office by filling more than 200 new positions by the end of the year. The hires will include …

Minnesota License Privacy Breaches Could Cost Millions

Liability claims for improper uses of Minnesota’s driver’s license database could reach several million dollars. Many cities, counties and state agencies involved in recent breaches are backstopped by insurance and rainy-day funds that would soften the blow of potential payouts. …

SMART Act Brings Relief for Claims Handlers and Attorneys Dealing With Medicare

While the claims industry awaits guidance from CMS on future medical expenses on liability claims, some much needed help was provided to claims professionals when the Saving Medicare and Repaying Taxpayers, or Smart Act was signed into law. While there …

Liability Claims Reduced by Hospitals in National Program

Initial results from a national perinatal improvement initiatives suggest hospitals can reduce harm to babies and mothers, and lower associated liability claims and pay-outs, through the use of high-reliability perinatal teams. Results from Phase 1 (2008-2010) of the Premier Perinatal …

Medicare Set Asides Still a Cause of Confusion in Liability Claims

Though regulation was enacted 30 years ago to recover funds erroneously paid by Medicare, confusion remains as to how to handle liability claims involving Medicare eligible claimants. The government is now attempting to clear up some of the confusion that …

BuildFax Teams With Equifax to Deliver Property History Data to Insurance Sector

BuildFax, a commercial and residential permitting database in the United States, has joined forces with Equifax Inc. to provide property & casualty insurance carriers a view of underwriting risks while uncovering changes to their portfolio since policy inception. Equifax customers …