Posts by Y@DminG

Property damage claims from a series of deadly October wildfires now exceed $3.3 billion, California Insurance Commissioner Dave Jones said Tuesday. The figure represents claims for homes and businesses insured by 15 companies and is more than triple the previous … Source: Claims Journal

The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every year since 2002. That streak could … Source: Claims Journal

The U.S. is spending more than $200 million a day responding to recent hurricanes and wildfires, the head of the Federal Emergency Management Agency told Congress Tuesday in testimony that also slammed the $300 million Whitefish contract in Puerto Rico. … Source: Claims Journal

Your insured’s eighteen-wheeler is struck head-on by another vehicle travelling at a high rate of speed, resulting in significant medical expenses to your insured driver and a passenger, as well as considerable property damage to your insured’s vehicle. The tortfeasor … Source: Claims Journal

The Federal Emergency Management Agency spent $35.1 million on renting two emergency generators to help power blacked-out San Juan, Puerto Rico. But a group of engineers says existing infrastructure could have been used more effectively at a fraction of the … Source: Claims Journal

It’s been five years since Superstorm Sandy caused widespread devastation to the East Coast, causing an estimated $18.75 billion in insured property losses at the time, according to ISO’s Property Claim Services (PCS). In an interview with Claims Journal, Marc … Source: Claims Journal

The Arizona Supreme Court has declined to review a case involving the deadly Yarnell Hill wildfire that devastated a rural Arizona community in 2013 and killed 19 elite firefighters. The decision leaves intact the Arizona Court of Appeals’ ruling seven … Source: Claims Journal

As clocks “fall back” this weekend and daylight saving time ends, many Americans will be driving longer at night which could translate to more driver fatigue and hazards on the road, says Virginia Tech Transportation Institute expert Jeff Hickman. “Any … Source: Claims Journal

Arkansas opened a 45-day comment period Monday on whether highway officials should let motorists drive at higher speeds and within minutes had elicited confessions from drivers who wrote that, while they themselves speed, other drivers are going even faster. Legislators … Source: Claims Journal

Google’s self-driving car spin-off is accelerating efforts to convince the public that its technology is almost ready to safely transport people without any human assistance at all. Waymo, hatched from a Google project started eight years ago, showed off its … Source: Claims Journal