US property insurers are exposed to $12.5 billion in non-physical cyber losses that are not expected and not priced by underwriters, according to a report released Tuesday. CyberCube, AM Best and Aon teamed up to calculate the “silent cyber” exposure …
Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue by allowing courts to award them big fees. The …
A resident of New Orleans, La., is awaiting sentencing after pleading guilty to multiple arson-for-insurance fraud schemes. Anthony R. Thomas had been charged with multiple criminal counts for his involvement in a 2007 scheme to burn his rental property for …
Over the past ten years, emails have taken over. Particularly in claims litigation, emails are generated by attorneys and claims professionals faster than an assembly line at a factory. What was once thought to be a technological innovation has now …
The question of why people continually sue property insurance companies is a perplexing one. The simple answer to this question which keeps claims and litigation managers at property insurance companies awake at night staring at the ceiling is that it’s …
Enservio, Inc., a software and services provider to property insurers, announced QuickStart, a new capability of Enservio’s ReStore Payments solution that significantly reduces the time required to deploy a payments system, making it easier for carriers and adjusters to get …
A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit. Farm Bureau asked the Office of Insurance Regulation to approve an amendment …
Enservio, a national provider of software and services to property insurers, announced the launch of ContentsExpress, a secure online contents valuation tool for insurance carriers and adjusters used to accelerate the contents claims process for property insurance claims. “Using ContentsExpress …
Enservio, a software and services provider to property insurers, announced the addition of two new members to the Enservio executive team to bolster the company’s marketing and sales efforts. Christine Washburn joins Enservio from SolidWorks and will lead Enservio’s marketing …
Hurricane Irene is likely to cause more insured losses in the Bahamas than 1999’s devastating Hurricane Floyd, catastrophe modeler AIR Worldwide said Thursday, even as the storm increasingly tracks toward a weekend landfall in the greater New York City area. …