Posts by Y@DminG

IOWA CITY, Iowa — Board members of an Iowa government insurance program have frequently held public meetings at posh out-of-state resorts, costing tens of thousands of dollars while making it harder for the public to attend, a review by The … Source: Claims Journal

LONDON — By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is … Source: Claims Journal

Tesla Inc.’s Model 3 earned a coveted Top Safety Pick+ award from the Insurance Institute for Highway Safety, after the sedan performed better in a crash test than the Model S. The Model 3 earned “good” crash ratings in each … Source: Claims Journal

Huawei Technologies Co. is making a Hail Mary bid to undo a U.S. law that prohibits federal agencies and contractors from buying or using the Chinese telecom giant’s equipment because of the alleged risk of “cyber exploitation” by China. Lawyers … Source: Claims Journal

Ryanair Holdings Plc Chief Executive Officer Michael O’Leary gave a pessimistic outlook for the resumption by Boeing Co. of deliveries of its grounded 737 Max, saying the carrier has frozen payments to the manufacturer and started talks on recouping costs … Source: Claims Journal

CoreLogic Teams Up with Geospatial Insurance Consortium CoreLogic has integrated aerial imagery provided by the Geospatial Insurance Consortium into its underwriting platform, the Irvine, California-based analytics provider said in a press release. The GIC is a nonprofit organization sponsored by … Source: Claims Journal

Claims automation can provide many benefits to the insurance industry. For example, implementing claims automation could free up54 million to 285 million adjuster hours annually, amounting to $1.7 billion to $8.9 billion in cost savings within five to seven years, … Source: Claims Journal

RENO, Nev. — A strong Sierra cold front packing winds gusting up to 50 mph (80 kph) dropped the first snow of the season Monday in the mountains along the California-Nevada line and damaged a small airplane that was blown … Source: Claims Journal

LONDON — Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a four-fold profit rise. In May the … Source: Claims Journal

HAMILTON, Bermuda — Bermuda residents boarded up windows of homes and businesses on Wednesday as Hurricane Humberto became a major storm on route the Atlantic archipelago, although forecasts showed they could be spared a direct hit. Hurricane force winds and … Source: Claims Journal