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Posts by Y@DminG

Allianz: Fires, Explosions Cause Largest Losses for Businesses

Globally, the largest financial losses stem from fires/explosions, aviation incidents, faulty workmanship/maintenance incidents, and storms, which collectively account for more than 50 percent of all claims by total value, according to Allianz Global Corporate & Specialty’s (AGCS) latest Global Claims … Source: Claims Journal

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Coalition Against Insurance Fraud: Top 9 Insurance Scammers Of 2018

The holiday season rang in with the year’s 9 most-brazen insurance-fraud grinches taking short sleigh rides for long prison terms after foisting outsized and elf-delusional insurance thefts. America’s extreme insurance schemers were inducted into the Insurance Fraud Hall of Shame … Source: Claims Journal

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California Will Set New Blackout Rules to Prevent Deadly Fires

California regulators have decided they need to step in and help determine when power blackouts are appropriate to prevent wildfires after a series of deadly blazes linked to electrical equipment. Utilities PG&E Corp., Edison International and Sempra Energy have been … Source: Claims Journal

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Cleanup for Last Month’s Wildfires in California Could Top $3B

Insurance claims and cleanup costs associated with California wildfires last month are expected to exceed the record-breaking amounts paid out last year after blazes ripped through Northern California wine country. The insurance industry is bracing for payouts exceeding last year’s … Source: Claims Journal

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Valve Hole Set Off Wisconsin Refinery Blast, Fire

A hole in a valve was the source of an April explosion at a Husky Energy refinery in northwestern Wisconsin that injured 36 people and required the evacuation of a large part of the city of Superior, according to findings … Source: Claims Journal

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