Posts by Y@DminG
FM Global: Next Generation Fire Sprinklers Aimed at Curbing Warehouse Fires
Warehouses, served by increasingly powerful automated materials-handling equipment, are steadily getting taller, posing new fire risks and stressing traditional fire protection systems like heat-triggered ceiling sprinklers. FM Global, a global commercial property insurer, has pioneered research on next-generation sprinklers that, … Source: Claims Journal
Read MoreStudy Finds Extreme Tornado Outbreaks Spawning Greater Number of Twisters
The most extreme tornado outbreaks are mysteriously spawning many more twisters than they did decades ago, a new study claimed. The once-every-five-years-or-so outbreak that might have involved 12 tornadoes 50 years ago now has on average about 20, said Columbia … Source: Claims Journal
Read MoreBusiness News: CLARA Analytics, IICF, Lemonade
CLARA Analytics Launches PUMA Search Engine to Help Insurance Carriers Reduce Workers’ Compensation Costs CLARA analytics, a division of LeanTaaS, a Silicon Valley healthcare SaaS provider, announced the commercial availability of PUMA, a search engine that helps insurance carriers and … Source: Claims Journal
Read MoreNo CGL Coverage for Building Contractor’s Shoddy Workmanship Causing Damage to the Work Itself
In a decision filed November 18, 2016, Arkansas U. S. district judge Susan Webber Wright, the same jurist who in 1998 handed a defeat to Paula Jones in her sexual harassment lawsuit against then President Bill Clinton, dealt this time … Source: Claims Journal
Read MoreLiberty Mutual Set to Buy Fosun’s Ironshore for $3B
Liberty Mutual Holding Co., the fourth-largest property/casualty insurer in the U.S., agreed to buy Ironshore Inc. from Fosun International Ltd. for about $3 billion to expand in the specialty commercial market. Ironshore will retain its management and brand after the … Source: Claims Journal
Read MoreJ&J to Pay Record $1B for Faulty Hip Implants
Johnson & Johnson was ordered by a Texas jury to pay more than $1 billion to patients who claimed the company hid flaws in its Pinnacle artificial hips that had to be surgically removed, in J&J’s second loss linked to … Source: Claims Journal
Read MoreWord of Mouth, Desire for More Money Leads Injured Auto Crash Claimants to Hire Attorneys
In a recent online poll about experiences with auto injury insurance claims, almost half of respondents with auto injury claims hired attorneys to help settle those claims, according to a survey commissioned by the Insurance Research Council. The most common … Source: Claims Journal
Read MoreSuper Regional P/C Insurer Conference 2017 Announced for C-Suite Carrier Professionals
Insurance Journal and Demotech, Inc. announced that the inaugural Super Regional P/C Insurer Conference will be held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake, Geneva, Wis. The theme of the event is “Finding Your True … Source: Claims Journal
Read MoreTennessee School Bus Driver Declines Interview in Fatal Crash Probe
The driver in a Chattanooga, Tenn., school bus wreck that killed six children last week has declined to be interviewed by federal crash investigators on advice of his lawyer, the National Transportation Safety Board said Thursday. The NTSB has filed … Source: Claims Journal
Read MoreColumbia River Train Derailment Costs Estimated to be $8.9M
Six months after a train hauling Bakken crude oil derailed along the Columbia River Gorge, Washington, Oregon and other officials are still tabulating a bill to send to Union Pacific Railroad. Union Pacific said in a statement that it is … Source: Claims Journal
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