Posts by Y@DminG

Fracking for shale oil and gas has not led to widespread pollution of drinking water, a U.S. Environmental Protection Agency draft report said on Thursday, although it warned some drilling activities could potentially cause health risks. The study, requested by … The post EPA Finds Fracking Doesn’t Lead to Widespread Pollution of Drinking Water appeared…

Louisiana is among a small number of states that have enacted anti-annulment statutes applying to all liability insurance policies, and not just automobile liability insurance policies. LA. R.S. § 22:262 provides: “No insurance contract insuring against loss or damage through … The post Amplifying Louisiana’s Anti-Annulment Statute appeared first on Claims Journal. Source: Claims Journal

An estimated 7,000 to 10,000 insured vehicles sustained water damage as a result of the recent flooding in Texas. That’s the current estimate from Copart, a company that works on behalf of insurers to handle the vehicles damaged in catastrophes. … The post Texas Flooding Damaged Nearly 10,000 Insured Vehicles appeared first on Claims Journal.…

State Farm Chairman and CEO Edward B. Rust Jr. announced that Michael Tipsord, State Farm president and chief operating officer, will succeed him in September as chief executive officer. Rust, in speaking during a company wide telecast, told the audience … The post State Farm Names Tipsord CEO appeared first on Claims Journal. Source: Claims…

A Kentucky businessman was sentenced on Thursday to 12 years in federal prison for a series of massive frauds, including a $53 million tax scheme, the bribing of bank officials and the defrauding of bank and insurance regulators. Wilbur Huff … The post Businessman Sentenced to 12 Years Prison for ‘Vortex of Fraud’ appeared first…

he judge hearing the trial of a man charged in a deadly Indianapolis house explosion said Wednesday he’ll rule later on whether prosecutors can admit audio recordings of a man who initially survived the blast before dying. Prosecutors argued during … The post Judge to Rule Later in Trial on Admitting Recordings From Indy Blast…

With more than 6.6 million homes on the Atlantic and Gulf coasts at risk of hurricane storm surge in 2015, CoreLogic, a global property information, analytics and data-enabled services provider, estimates the total reconstruction cost value (RCV) at nearly $1.5 … The post More Than 6.6M Homes at Risk of Hurricane Storm Surge Damage This…

ISO,  Verisk Analytics business, announced this week that its new coverage and exclusion options for commercial drones took effect this month in most ISO jurisdictions, providing insurers with tools to help develop innovative solutions for businesses that may use drones. … The post ISO Drone Insurance Coverage Options Take Effect This Month appeared first on…

Economic losses from severe May storms, tornadoes and floods were estimated at nearly $3 billion, with insurance insured losses set to easily exceed $1 billion despite low flood insurance penetration in parts of Oklahoma and Texas, according to the latest … The post May Storms Cause $1B Worth of Insurance Claims appeared first on Claims…

Harvard Law School professor emeritus Alan Dershowitz is suing the TD Garden nearly three years after he slipped and fell in an arena bathroom while attending a Celtics game. The Boston Globe reports that Dershowitz, an advocate for civil liberties, … The post Dershowitz Sues TD Garden for Slip and Fall That Happened 3 Years…