Posts by Y@DminG

Insurers are increasingly worried that rising temperatures will lead to a slump in property values that could spark broader financial turmoil. Those were the conclusions a group run out of the University of Cambridge including some of the world’s biggest … Source: Claims Journal

The U.S. property/casualty industry is expected to report that 2018 was its third consecutive year with an underwriting loss. A new A.M. Best analysis projects an estimated net underwriting loss of $12.1 billion in 2018, which follows a $25.3 billion … Source: Claims Journal

A Colorado appeals court has ruled that victims of the 2015 shooting at a Planned Parenthood clinic in Colorado Springs can sue the nonprofit organization over what they argue was lax security. The Gazette reports that the ruling reverses a … Source: Claims Journal

The U.S. government said on Wednesday it is issuing new rules barring airlines from carrying potentially hazardous lithium-ion cells and batteries as cargo on passenger aircraft, and setting new requirements for transporting them on cargo planes. The U.S. Transportation Department’s … Source: Claims Journal

Texas-based data and software firm Solera Holdings recently hosted a groundbreaking for a new research and training facility for the auto insurance, collision repair and vehicle manufacturer industries. The facility, known as CESVI LIV NA, is located in Justin, Texas. … Source: Claims Journal

A Muslim-American radio host is asking a federal court in Ohio to award him more than $1 million in damages for his claims that a neo-Nazi website operator falsely accused him of terrorism. Attorneys for SiriusXM Radio show host Dean … Source: Claims Journal

Two more patients of Dr. Keith Ablow have filed lawsuits against the renowned Massachusetts psychiatrist alleging he pressured them into sexual relationships. The Boston Globe reports that the medical malpractice lawsuits filed last Thursday allege Ablow lured the women he … Source: Claims Journal

The driver of a Tesla Model S was killed when his car crashed near Fort Lauderdale, Florida, and erupted in flames. Witnesses told police in Davie, Florida, that the car was traveling 75-to-90 miles per hour (120-to-145 kilometers per hour) … Source: Claims Journal

The FBI is seeking to identify businesses that may be victims of an alleged nationwide workers’ compensation insurance, health care insurance, and pension plan fraud scheme. The FBI is urging businesses that purchased policies from Clovis, Calif.-based American Labor Alliance … Source: Claims Journal

A U.K. reinsurer has sold the first terror catastrophe bond, giving investors the chance to lock in high yields in return for taking on terrorism risks. The 75 million-pound ($99 million) three-year bond will pay 5.9 percent interest, state-backed Pool … Source: Claims Journal