claims frequency News

Analysts Predict Trouble Ahead for Personal Auto as Claims Volume Returns to Normal

Insurers are making a bundle on personal auto because claims have plummeted, but the long-term outlook for the line isn’t so rosy, analysts say. Fitch Ratings last week reported that the short-term performance for auto insurers is “unsustainable, and we …

AIG: Large M&A Deals Can Lead to Costly Insurance Claims

The frequency of M&A insurance claims is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American International Group, Inc. study of its representation and warranty …

Law Firms Face Large Malpractice Claims, Some in Excess of $50M

As law firms adjust to the realities of the current business environment, they continue to fall victim to malpractice claims, which can be costly to defend and may result in enduring reputational damage. A new study by insurance broker Ames …

Annual Hospital Risk Insights Study Reveals Increase in Healthcare Claim Severity

There has been a steady increase in healthcare claim severity with severity of claims from teaching and children’s hospitals remaining much higher than the national average. These key findings are a part of the ninth annual Zurich Healthcare Risk Insights …

Stable Medical Malpractice Line Could Benefit From Proactive Risk Management

Nationwide, health care providers continue to experience relatively flat medical malpractice costs according to the Aon/ASHRM Hospital and Physician Professional Liability Benchmark report. The 2014 report was released by Aon Risk Solutions, the global risk management business of Aon plc, …

Medical Malpractice Claim Costs Remain Stable: Report

The cost of medical malpractice is growing at the slowest rate in the fourteen year history of the Aon/ASHRM Hospital and Physician Professional Liability Benchmark report. The 2013 report was released by Aon Risk Solutions, the global risk management business …

The Great Recession’s Effect on Workers’ Comp Claims Frequency: NCCI

A new study from the National Council on Compensation Insurance (NCCI) provides NCCI’s latest frequency change estimate for Accident Year 2012 and examines the effect of the recession on frequency changes by various claim and employer characteristics. The Great Recession …

Community Associations Grow by Number and Exposure

In 2011, more than 62 million people lived in residential homes governed by a community association, including homeowners associations, condominiums, cooperatives and other planned communities. According to the Community Associations Institute, more than 314,000 communities in America are considered to …