According to the National Insurance Crime Bureau, Ohio is the state in which there are the largest number of property insurance claims due to the theft of metals such as copper. This insurance fraud-fighting industry-supported organization revealed that there were 2,398 claims of this nature made by property owners in Ohio, within the three year span from 2009 to 2011. Comparatively, across the country, there were more than 25,000 claims of this type within that same period of time. This represents an increase of 81 percent over the number of…
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Commercial Insurance Expert John Elbl Appointed Vice President in AIR Worldwide’s Business Development Group
BOSTON, March 20, 2012 – AIR Worldwide (AIR) today announced that John Elbl has been appointed vice president in AIR’s Business Development Group. He joins AIR after 13 years with Zurich Insurance Company, most recently as global head of catastrophe modeling. In his new role, Elbl will assist with service and support for AIR’s commercial insurer clients, as well as aid in developing AIR software and models to better meet the needs of commercial insurers. “John brings extensive experience working with companies to interpret analysis results, optimize modeling workflows, and…
Read MoreInsurers blast Florida lawmakers for inaction on Catastrophe Fund and Citizens Insurance
The Association of Bermuda Insurers and Reinsurers (ABIR) have begun criticizing Florida lawmakers over their inaction on the state’s Hurricane Catastrophe Fund. Legislators are also coming under fire from ABIR over their failure to take action on the troubled Citizens Property Insurance Corp., the state run insurance organization that accounts for the majority of coverage in the state. Both the Catastrophe Fund and Citizens Insurance are being crippled by financial problems, which could put the state in a very dangerous position once this year’s hurricane season kicks off. Insurers had…
Read MoreInsure.com releases survey showing where in the U.S. auto insurance is most expensive
Car insurance rates vary wildly from state to state. This is often due to differing regulations throughout the U.S. It is also because driving in some states is more dangerous than driving in others. Insure.com, an online insurance quote system, has conducted a survey to determine where auto insurance is most expensive in the country. The survey has ranked each state in terms of insurance premiums and the availability of affordable plans, using 900 insurance models as a benchmark. The survey found that Louisiana, Oklahoma and Michigan are the leaders…
Read MoreAttensity unveils new insurance industry social analytics solution
Top Social CRM social analytics and engagement app provider, Attensity, has announced its latest product, which consists of a solution for the insurance industry that broadens the flagship text analytics app by the company with new and unique topics, category sets, dashboards, and reports that are designed specifically for the needs of the insurance industry. This new solution has been created to allow insurance carriers and other businesses within that industry to perform a timely and accurate analysis of customer conversations over social media as well as other unstructured sources,…
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