The payment card industry’s regulatory organization has issued guidance to help merchants and others reduce credit card security risks. Continue reading
ess than half of all small employers are currently offering health insurance because it is too expensive. That’s over 2.3 million small employers that aren’t offering health insurance to their employees. Continue reading
The average total cost of risk (TCOR) for businesses rose two percent from $10.70 per $1,000 of revenue in 2012 to $10.90 per $1,000 of revenue in 2013. Continue reading
Insurers and other industry groups are welcoming Thursday’s 93-4 Senate vote to extend the federal terrorism insurance backstop for seven years. Continue reading
A U.S. House of Representatives subcommittee on Thursday approved a draft bill aimed at reining in companies that seek licensing fees for invalid patents or are otherwise dishonest in writing what are known as “demand letters.” Continue reading
What is the subrogation process in a claim? Many times, to the benefit of the insured, the subrogation progress is initiated by the insurance carrier after closure of the initial claim. When subrogation occurs, the claims process has not yet ended. Continue reading
If Congress acts to extend the federal government backstop for terrorism insurance, the new version will likely impose higher deductibles and risk retentions on U.S. property/casualty insurers, says Moody’s Investors Service in a new report. Continue reading
Many years ago an insurance claims adjuster would get into a company vehicle with their Polaroid camera, calculator, note pad and perhaps Dictaphone in hand. They would visit the scene of the claim and survey it. Continue reading
