Archive for June 2019

Carfax Releases Total Loss Valuation Tool Carfax has released a total loss valuation service that is available through its web portal, CarfaxForClaims.com. The new product helps adjusters considering total-loss claims determine a vehicle’s unique pre-accident value using Carfax’s “History-Based Value, … Source: Claims Journal

LAS VEGAS — More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed … Source: Claims Journal

PHOENIX — Arizona’s largest electric company installed massive batteries near neighborhoods with a large number of solar panels, hoping to capture some of the energy from the afternoon sun to use after dark. Arizona Public Service has been an early … Source: Claims Journal

CINCINNATI — A federal appeals court ruled Thursday that a judge went too far in blocking release of federal data about how prescription opioids were distributed. A 6th U.S. Circuit Court of Appeals three-judge panel on Thursday vacated an order … Source: Claims Journal

The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc’s oil refinery has been completely destroyed, which will hamper the supply of gasoline from the U.S. East Coast’s largest refinery, sources familiar with the matter … Source: Claims Journal

From 100 feet up in the air, Indiana crop duster Robert Sneberger gets a better view than most of how cornfields are faring. This season, the picture is bleak. Instead of the stretching green stalks he normally sees at this … Source: Claims Journal

An Oklahoma case, the first of more than 1,600 lawsuits filed by U.S. state and local governments against opioid makers to go to trial, could serve as a key benchmark for governments hoping to recoup costs associated with the public … Source: Claims Journal

Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege. The company’s disclosure in September that hackers exploited several software … Source: Claims Journal

While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. “It’s really scary to underwrite something when you just don’t know … Source: Claims Journal

Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out who owns the data. Presentations … Source: Claims Journal