The Institutes News

Study: During 12 Year Period Florida 3rd Party Bad Faith Costs Totaled $7.6B

A new report from the Insurance Research Council (IRC) estimates that Florida’s third-party bad faith legal environment added an average of $106 in claim costs to every insured vehicle in the state in 2017, and resulted in a total of …

Business News: NORCAL, Philadelphia Insurance, ISO, The Institutes

NORCAL Offers Medical Professional Liability Insurance in New Mexico NORCAL Mutual Insurance Company now offers medical professional liability insurance coverage to the healthcare providers of New Mexico. NORCAL protects practices throughout the United States and is one of the top …

Business News: JLT Specialty USA, Betterview, The Institutes, CapSpecialty

JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., a global specialist risk advisor and broker, announced the company has chosen Chicago as its U.S. headquarters. The Chicago office is located at 225 West Wacker on the …

Business News: Travelers, The Institutes, Capgemini

Travelers Streamlines Workers Compensation Claims With New Digital Capability The Travelers Companies, Inc. launched a new digital self-service capability to streamline the workers compensation claim process. MyTravelers for Injured Employees is a secure, web-based tool that provides injured employees with …

Why Analyzing Unstructured Data Benefits Every Claims Manager

If you’re just catching on to the fact that big data is shaking up the insurance industry in a big way, you’re a bit behind the curve. Across all industries, almost 90 percent of large companies say big data is …

The Future of Claims Careers: Cultivating a Data Mindset

Big data is a topic about which much has been written, although rarely is it explained in specific terms what it means for insurance professionals. Should claims adjusters and investigators be learning complex algorithms and software programming? Or does all …

The Institutes Partner With CAS

The Institutes and the Casualty Actuarial Society have announced a strategic alliance formed between the two organizations at the CAS Annual Meeting on November 16, 2015 in Philadelphia. Both organizations share a similar mission of delivering educational solutions for risk …

The Institutes Introduces New Tool to Address Industry Knowledge Gaps

The Institutes, an insurance education provider for the risk management and property/casualty industry, have developed a new training solution to help organizations make the most of their training time and budget. As the only professional development tool proven to save …

Tips on Education for Adjusters Going into Management

As claims personnel move into management roles, it’s important for them to understand the organizational structure of their employer as well as understand and align with the company’s mission, according to Marty Frappolli, senior director of Knowledge Resources for The …

Survey Finds Leadership Tops Factors Ensuring Ethical Behavior

Insurance professionals believe that having organization leadership demonstrate support for ethics is the most effective way to improve ethical behavior in their industry, according to a new survey by The Institutes and CPCU Society. The organizations polled members of The …