Uncategorized
Travelers Agents Get Aerial Property Damage Viewer to Expedite Disaster Claims
Property/casualty insurer Travelers is now providing its insurance agents and brokers with before-and-after photos of areas affected by disasters. The Travelers Catastrophe Map Viewer provides access to searchable, high-resolution aerial images that are often available within one or two days … Source: Claims Journal
Read MoreInsuretech Speakers Blaze Trail From Michelin Guides to Smart Phones
LAS VEGAS — People who buy gasoline generally don’t care for the product or enjoy the experience of pumping gas: They just want to drive. Chris Colborn, chief experience officer for the Lippincott creative consulting firm, opened with that analogy … Source: Claims Journal
Read MoreOklahoma Approves 5% Cut in Workers’ Compensation Loss Costs for Next Year
A 5.1% percent decrease in workers’ compensation insurance loss costs in Oklahoma for 2020 has been approved by Insurance Commissioner Glen Mulready, the state insurance department announced. Loss costs are the average cost of lost wages and medical payments of … Source: Claims Journal
Read MoreBeach Hotels and Their Investors Welcome Insurance After the Storms
Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and felled trees across the oceanfront property. Two years later, the hotel remains closed as its owner quarrels with insurers over … Source: Claims Journal
Read MoreTexas Suffers 5 Deaths, Widespread Damage from Tropical Cyclone Imelda
The widespread damage brought to the Houston area by one of the wettest tropical cyclones in U.S. history came into broader view Saturday, as floodwaters receded to reveal the exhausting cleanup effort that lies ahead for many communities and homeowners. … Source: Claims Journal
Read MoreInsurers Join ‘Net Zero’ Climate Pledge at United Nations
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors. German insurer Allianz, the California Public Employees’ Retirement System (CalPERS), … Source: Claims Journal
Read MorePG&E, Wildfire Insurers Say Bondholders’ Bankruptcy Proposal Violates Rules
PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility because the proposal would pay fire victims who lost their homes ahead of insurance companies and “unjustly enrich” bondholders including … Source: Claims Journal
Read MoreFor Forested Communities, It’s Fight or Flight in Face of Increasing Wildfires
Unless it’s Sunday, Kelly Loew is steering her rusty red Jeep down the same mail route in Shingletown, as she has six days a week for the last seven years. But she delivers less mail these days as California’s persistent … Source: Claims Journal
Read MoreSongwriters and Record Companies Seek New Standard for Copyright Infringement Claims
Willie Nelson has famously said a country song is “three chords and the truth.” It might not be so simple anymore. A flood of lawsuits is threatening to upend that concept, making trivial similarities in songs the basis for a … Source: Claims Journal
Read MoreFAA Chief Stresses Need for Better Plane Design and Piloting
The top U.S. aviation regulator briefed his counterparts from around the world on the grounded Boeing Co. 737 Max, reminding them that improvements in both aircraft design and piloting are needed for safety. Newly installed FAA Administrator Steve Dickson pledged … Source: Claims Journal
Read More