The COVID-19 pandemic corresponded with an unusual decrease in workers’ compensation claim severity, while claim frequency was pretty much unchanged, according to a report released Wednesday by the National Council on Compensation Insurance. NCCI said average claim severity for lost-time …
A Pennsylvania appellate court on Monday affirmed the dismissal of a lawsuit filed by Liberty Mutual Group that alleged nine pharmacies paid kickbacks to physicians in exchange for prescribing overpriced topical compound creams to workers’ compensation claimants and auto accident …
The Montana Supreme Court upheld all but one point in a ruling that requires Berkshire Hathaway’s National Indemnity Co. to reimburse the state nearly $98 million for the cost of asbestos litigation tied to the Libby Mine. In a 6-1 …
New Dominion LLC taps into oil and natural gas reserves that many production companies avoid. The Tulsa, Oklahoma company operates hundreds of wells that produce from hydrocarbon reservoirs that are saturated with water from ancient aquifers. When oil or gas …
Medical providers who treated patients injured by a fire and explosion at an ExxonMobil chemical plant near Houston must disclose information about what they charged others for the same services, The Texas Supreme Court ruled. In an unsigned opinion released …
The $1.2 trillion infrastructure bill that became law last week earmarks billions for projects to improve safety for cars and trucks and protect properties from floods and wildfires. But one of the provisions most welcomed by insurers doesn’t appropriate any …
California handed down the first state appellate court ruling on whether COVID-19 can cause direct physical damage or loss, deciding like four federal appellate courts before that it cannot. A panel of the California 4th District Court of Appeal on …
Advanced driver assistance systems result in fewer claims and reduce insurers loss costs by up to 23%, according to a paper by LexisNexis Risk Solutions. John Kanet, director of auto insurance for LexisNexis, said the research shows ADAS has “a …
An insurer wrongly denied uninsured motorist coverage to a policyholder who was injured while riding his motorcycle even though the policy excluded damages caused by motorcycle accidents, the Montana Supreme Court ruled Tuesday. The high court ruled that the insurance …
If a shortage of replacement parts and growing claim severity are not enough to contend with, auto insurers are also coping with a labor shortage among auto repair shops that is driving up claim costs, according to CCC Intelligent Solutions. …