Archive for September 2018

BuildFax, a provider of property condition and history insights for the largest insurance and financial institutions, released a report on remodeling trends following Hurricane Irma that could impact this year’s annual catastrophe reinsurance negotiations for Florida carriers. Following more than … Source: Claims Journal

Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s nonlife insurers sector had its steepest drop in more than a year-and-a-half on Friday after its biggest constituent, RSA Insurance Group Plc, warned this … Source: Claims Journal

The last community in the way of Hurricane Florence’s floodwaters as they slowly flow to the sea got some good news Wednesday – the predictions aren’t as dire as they once were. Officials originally expected flooding in the worst areas … Source: Claims Journal

Federal safety officials blame two Air Canada pilots for coming within 10 to 20 feet of crashing their jetliner into a plane on the ground last year in San Francisco. The Air Canada pilots were apparently confused because one of … Source: Claims Journal

The Wild West days of unregulated recreational drones may be nearing an end. A bill close to passage in Congress would repeal the current exemption for hobbyists from regulations and for the first time require them to take a test … Source: Claims Journal

Hurricane Florence was the nation’s second rainiest storm in 70 years, a top rainfall meteorologist calculated. Only last year’s Hurricane Harvey rained more over a 14,000 square mile (36,260 square kilometers) area during a four-day time period, said Ken Kunkel, … Source: Claims Journal

A new program to streamline the licensing process for independent adjusters has been announced by California Insurance Commissioner Dave Jones. A Universal Claims Certification (UCC) program from Claims and Litigation Management Alliance (CLM) has been created to streamline the licensing … Source: Claims Journal

The so-called “Grand Central of the West” is closed out of safety concerns after workers discovered a crack in a support beam of the $2 billion transit terminal that opened just last month. Workers discovered the crack early Tuesday while … Source: Claims Journal

Uber Technologies Inc. will pay $148 million to settle claims related to a large-scale data breach that exposed the personal information of more than 25 million of its U.S. users. The settlement, spanning all 50 states and the District of … Source: Claims Journal

A newspaper review has found that three northwestern Indiana counties have a higher percentage of fatal drunken-driving crashes than the rest of the state and the U.S. because of the region’s heavy traffic, weather and other factors. The (Northwest Indiana) … Source: Claims Journal