claim reserves News

Fla. Claims Adjuster Arrested, Accused of $11M Insurance Fraud Scheme

Additional arrests are expected after a 41-year-old south Florida claims adjuster was charged this week in an elaborate scheme that allegedly rang up more than $11 million in fraudulent insurance payments to hundreds of co-conspirators. Florida’s Department of Financial Services …

New York Workers’ Comp Reforms May Create Reserve Deficiency

A reworking of a key piece of the workers compensation rating formula and a New York statute that could create significant new liabilities for workers compensation insurers were among the issues discussed by a panel of experts at the Casualty …