Loss Control

The death of Osama bin Laden is good news to insurers—and to the U.S.—due to the manner in which operatives cornered the Al Qaeda leader, but by no means should it promote a dropping of the guard in the industry, says Gordon Woo, a catastrophist with Risk Management Solutions.

Whether you are an insurance buyer or seller, your first response to the president’s Sunday night announcement probably had little to do with either of those two functions. Share your initial reactions and thoughts in this blog post.

Workers compensation fraud has been a particularly troublesome area for the industry, costing insurers and employers about $6 billion a year, according to the Coalition Against Insurance Fraud.

Since claims are the single largest expenditure for a property and casualty insurance company, investing in claims management operational improvements is one of the most effective strategies to drive profitable growth, according to a report by Deloitte.

Based on the percentage of new long-term disability claims in 2009, the Council for Disability Awareness (CDA) determined which medical conditions generated the most claims by diagnosis.

As political unrest envelops North Africa and the Middle East, a global-insurance broker says insurers are reviewing their appetite for political coverage at a time when multinational companies should be performing their own review of risk.