Posts by Y@DminG

The National Transportation Safety Board on Monday called for the faster replacement of rail cars that carry flammable liquids like crude oil or ethanol, one of four urgent recommendations stemming from an investigation of recent derailments. The NTSB is seeking … The post ‘Urgent’ Recommendations Issued by NTSB to Boost Oil Train Safety appeared first…

A jury in Georgia has awarded $150 million to the family of a 4-year-old boy killed when a Jeep Grand Cherokee exploded into flames three years ago after being rear-ended. The jury said Chrysler, the maker of Jeeps, must pay … The post Jury Orders Chrysler to Pay $150M in Georgia Jeep Fire Death appeared…

Insurance companies have the right to challenge and deny claims that are fairly debatable without subjecting themselves to bad faith liability even though their ultimate decision may be held by the court to be erroneous. The concept of fair debatability … The post Fair Debatability Defense Can be Supported by Unpublished Court Decisions appeared first…

Once banned because it is a close cousin to marijuana, hemp is coming back in the state of Colorado and now has its own convention, attracting international interest as a new crop for farmers struggling to find new crops to … The post As Federal Pot Rules Change, Hemp Makes Comeback appeared first on Claims…

The Insurance Institute for Business & Home Safety released the second edition of the Institute’s Rating the States report. The study assesses the progress of 18 hurricane-prone coastal states along the Gulf of Mexico and the Atlantic Coast in strengthening … Source: Claims Journal

The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years – but at a higher premium and deductible. Lloyd’s of London has offered to cover up to … Source: Claims Journal

A new underwriting tool to assess potential risk from sewer backup and basement flooding has been released by CoreLogic. The global property information, analytics and data services provider said the Sewer Backup Risk Score identifies the potential risk of sewer … Source: Claims Journal

As many insurers are well aware, few homeowners are fully prepared when disaster strikes. Jay Straughan, Enservio’s vice president of claims, was recently quoted as saying “almost none of the insureds he encounters have property inventory lists.” Even if these … Source: Claims Journal

As tornado season begins in the Tennessee Valley, the National Weather Service is implementing a warning system designed to give more specific information on approaching storms. Piloted last year in the Midwest, the Huntsville weather office is adding “impact-based warnings” … Source: Claims Journal

The Oklahoma City Emergency Management office has released its preliminary survey of damage caused by a March 25 tornado. The city reports 89 homes with minimal damage and 50 homes – including 43 mobile homes – with minor damage. Twenty … Source: Claims Journal