Archive for October 2016

Japan’s estimate of dismantling the Fukushima nuclear plant is ballooning far beyond the utility’s estimate of 2 trillion yen ($19 billion). A government study released Tuesday found decommissioning the Fukushima Dai-ichi plant already has cost 80 billion yen ($770 million) … Source: Claims Journal

Ana Car didn’t remember the sudden impact, only that she woke up among dead and injured passengers in a dark bus filled with screams of terror and agony. The retired factory worker had spent an evening gambling at a desert … Source: Claims Journal

Pickup truck headlights performed poorly in new tests by the insurance industry. The Insurance Institute for Highway Safety tests measured how far light carries from the trucks’ high beams and low beams, both on straight roads and curves. They also … Source: Claims Journal

The third-largest earthquake in Oklahoma was likely triggered by underground disposal of wastewater from oil and natural gas production, the U.S. Geological Survey found in a report issued Monday. The magnitude 5.1 quake that struck northwest of Fairview in February … Source: Claims Journal

Xceedance Establishes London Office Xceedance, a global provider of property/casualty insurance technology, analytics and consulting services, has established an office in London to serve the European, Middle East and Africa (EMEA) market, according to a company announcement. Xceedance is a … Source: Claims Journal

Gen Y customer satisfaction with the auto insurance process, while still the lowest among all generations, is improving and carrying the rest of the industry with it, according to the J.D. Power 2016 U.S. Auto Claims Satisfaction Study, released today. … Source: Claims Journal

Donald Trump said he received a $17 million insurance payment in 2005 for hurricane damage to Mar-a-Lago, his private club in Palm Beach, but The Associated Press found little evidence of such large-scale damage. Two years after a series of … Source: Claims Journal

Recreational boaters are not required by law to have boat insurance. So while boaters debate if hull coverage (that covers damage to their boat) is right for them, having liability insurance coverage can prove to be a wise move. This … Source: Claims Journal

When lightning struck The Gibson Cancer Center in Lumberton, a small community in North Carolina, causing a fire and significant damage, there was concern for the patients who received treatment there. Though the fire affected the entire building, destroying a … Source: Claims Journal

Most people are familiar with the process of updating the software on their computer and mobile phone, but cyber components—and cybersecurity—are not limited to computers and smart phones. Today’s automobile is a smart device and is highly sophisticated. A modern … Source: Claims Journal