Claims

Catastrophe losses up 44.7% for Allstate in second quarter

The Allstate Corp. released Wednesday its financial results for the quarter ending June 30, reporting a 44.7% increase in catastrophe losses, a 8.46% increase in property-liability claims and claims expenses, a 1.3-point increase in the property-liability combined ratio and a 41.5% increase in net income. Northbrook, Ill.-based Allstate reported its property-liability insurance premiums earned were […]

By Canadian Underwriter | July 31, 2014

3 min read

Running hot

Private sector-run auto insurance systems in provinces across Canada are experiencing troubling loss trends in key areas. While reforms, such as minor injury caps, treatment protocols and anti-fraud measures, have had stabilizing effects in recent years, there are signs of overheating in claims frequency and severity. Adjusters argue that a more thorough approach to claims handling and statement taking at first notice is a sound way to address cost pressures.

By Craig Harris, freelance writer | July 31, 2014

11 min read

Property Loss Trends

A review of recent legal cases shows some interesting developments involving property insurance claims.

By Glenn Gibson, Chief Executive Officer, Crawford & Company Consulting | July 31, 2014

11 min read

Total-Loss Claims and Customer Satisfaction

When it comes to auto physical damage losses, the two are not mutually exclusive.

By Jeremy Bowler, Senior Director, Insurance Practice, J.D. Power. | July 31, 2014

6 min read