Posts by Y@DminG

Allianz SE, Europe’s biggest insurer, said third-quarter profit dropped 15 percent as earnings at its property and casualty and asset management units declined. Net income fell to 1.36 billion euros ($1.48 billion) from 1.61 billion euros a year earlier, the … Source: Claims Journal

Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce traffic fatalities. Toyota Research Institute Inc. will pitch … Source: Claims Journal

The fallout from Volkswagen’s emissions-cheating scandal intensified Wednesday, as investors bailed out and European regulators pressured VW to quickly disclose the findings of an internal investigation. In the U.S., the company halted sales of seven models that allegedly were part … Source: Claims Journal

An Oregon nonprofit filed a lawsuit Wednesday seeking to reinstate a state law that would have allowed people to get driver’s cards if they can’t prove they are in the U.S. legally. The law was approved by the Legislature in … Source: Claims Journal

Missouri-based Safety National Casualty Corporation announced the following management changes and realignment of responsibilities within the company’s claims department. Carl Reynolds, senior vice president – Claims, has retired after a successful thirty-year career with Safety National where, as department head, … Source: Claims Journal

ACE Limited announced the future claims leadership team it intends to appoint for the company’s North America Insurance division. The appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of next … Source: Claims Journal

Louisiana Citizens Property Insurance Corp. may soon end the longstanding, and apparently unique, practice of selling policies that include a $10,000 deductible for non-hurricane damage. Chief Financial Officer Steve Cottrell tells The Advocate the percentage of personal lines policies with … Source: Claims Journal

Ohio voters rejected a ballot proposal Tuesday that would have legalized both recreational and medical marijuana in a single stroke – a vote-getting strategy that was being watched as a potential test case for the nation. Failure of the proposed … Source: Claims Journal

A newly booked male inmate steadfastly argued with Craighead County jail administrators that he needed medical attention. He claimed to have perhaps the rarest disease in the world. In a scientific marvel, the man diagnosed himself with ovarian cancer and … Source: Claims Journal

Despite prescription drug monitoring programs enacted in several states, opioids continue to be prescribed twice as much in some states versus other states, according to a new report by the Centers for Disease Control and Prevention. The report’s data is … Source: Claims Journal