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The National Council on Compensation Insurance (NCCI) is a U.S. insurance rating and data collection bureau specializing in workers' compensation.Operating with a not-for-profit philosophy and owned by its member insurers, NCCI annually collects data covering more than four million workers compensation claims and two million policies.
Their policies were concentrated in Southwest Florida and experienced 25,000 claims with losses of $864 million from Hurricane Ian. [31] The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32]
Cunningham Lindsey provides insurance claims services (43.6%-owned) [27] [28] MFXchange, established in 2002, provides technology services for Fairfax and the insurance industry. [29] Group Re; ICICI Lombard was a 26/74% joint venture with ICICI Bank Limited, India's second-largest bank and Fairfax Financial. In its IPO FAIRFAX sold its stake.
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The topic of workers' compensation fraud is highly controversial, with claimant supporters arguing that fraud by claimants is rare—as low as one-third of one percent, [63] others focusing on the widely reported National Insurance Crime Bureau statistic that workers' compensation fraud accounts for $7.2 billion in unnecessary costs, [64] and ...
AmTrust Financial Services was founded by brothers George Karfunkel and Michael Karfunkel in 1998. [7] [8] In 2005, Ronald E. (Ron) Pipoly was appointed as CFO. [9] [10] AmTrust began trading on the NASDAQ Global Select Market on November 13, 2006. [11]