Posts by Y@DminG

In a partial trade-off, a U.S. District Court in California ruled that a series of storage facility thefts, all committed as part of one criminal scheme, qualified as a claim for a single “occurrence” property insurance policy limit, but that … Source: Claims Journal

In April, some 1,200 homebuilders, inspectors, architects and engineers gathered in Louisville, Kentucky, to debate the standards that should guide construction of the next wave of U.S. houses. Engineers had a seemingly unobjectionable proposal: Make roofs in coastal areas less … Source: Claims Journal

According to new data released by CoreLogic, the 2016 hail season is already one of the most severe in Texas history, with year-to-date results reaching the nine-year average for U.S. hail storm damage. Estimated losses in Fort Worth, Plano, Wylie … Source: Claims Journal

When insurance defense attorneys suspect that plaintiffs have inflated their claims, forensic accountants can help identify potential red flags and potentially save Defendants substantial sums. Given that some plaintiffs may exaggerate the value and ignore information detrimental to their case, … Source: Claims Journal

Public companies face a critical business decision in determining how much Directors & Officers (D&O) liability coverage to purchase. In order to attract and maintain strong independent board members, companies need to secure adequate D&O coverage while keeping down costs. … Source: Claims Journal

After several years of underwriting losses, underwriting performance for the U.S. property/casualty (P/C) industry’s workers’ compensation line generated a significant profit in 2015, according to a new report from Fitch Ratings. Competition is heating up however and Fitch expects a … Source: Claims Journal

The insured property damage from the May 2016 northern Alberta wildfire is estimated to be $3.58 billion, according to Catastrophe Indices and Quantification Inc. (CatIQ) and the Insurance Bureau of Canada (IBC). It is by far the costliest insured natural … Source: Claims Journal

According to New York City’s buildings department five people died and 51 were injured in elevator accidents last year. That’s why a citywide public awareness campaign being launched last week is urging people trapped inside stalled elevators to stay put. … Source: Claims Journal

When Dallas, Texas, police used a bomb-carrying robot to kill a sniper, they also kicked off an ethical debate about technology’s use as a crime-fighting weapon. In what appears to be an unprecedented tactic, police rigged a bomb-disposal robot to … Source: Claims Journal

The estimated 35,200 individuals killed in motor vehicle fatalities on U.S. roads in 2015 is alarming to the Governors Highway Safety Association (GHSA) and State Highway Safety Office members. This represents the largest year-over-year percentage increase (7.7 percent) since national … Source: Claims Journal