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Board of Iowa Insurance Pool Travels Far for Public Meetings
IOWA CITY, Iowa — Board members of an Iowa government insurance program have frequently held public meetings at posh out-of-state resorts, costing tens of thousands of dollars while making it harder for the public to attend, a review by The … Source: Claims Journal
Read MoreFire and Hail Push Insurers to Rethink Climate Change Risks
LONDON — By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is … Source: Claims Journal
Read MoreTesla Model 3 Wins Top-Tier Safety Award from Insurance Group
Tesla Inc.’s Model 3 earned a coveted Top Safety Pick+ award from the Insurance Institute for Highway Safety, after the sedan performed better in a crash test than the Model S. The Model 3 earned “good” crash ratings in each … Source: Claims Journal
Read MoreHuawei Tries to Overturn U.S. Ban That Cites ‘Cyber-Exploitation’ Risk
Huawei Technologies Co. is making a Hail Mary bid to undo a U.S. law that prohibits federal agencies and contractors from buying or using the Chinese telecom giant’s equipment because of the alleged risk of “cyber exploitation” by China. Lawyers … Source: Claims Journal
Read MoreRyanair Freezes Payment to Boeing on 737 Max Delivery Delays
Ryanair Holdings Plc Chief Executive Officer Michael O’Leary gave a pessimistic outlook for the resumption by Boeing Co. of deliveries of its grounded 737 Max, saying the carrier has frozen payments to the manufacturer and started talks on recouping costs … Source: Claims Journal
Read MoreBusiness News: CoreLogic, Betterview, Gallagher Bassett
CoreLogic Teams Up with Geospatial Insurance Consortium CoreLogic has integrated aerial imagery provided by the Geospatial Insurance Consortium into its underwriting platform, the Irvine, California-based analytics provider said in a press release. The GIC is a nonprofit organization sponsored by … Source: Claims Journal
Read MoreViewpoint: The Power of an Optimized Workflow for Claims Adjusters
Claims automation can provide many benefits to the insurance industry. For example, implementing claims automation could free up54 million to 285 million adjuster hours annually, amounting to $1.7 billion to $8.9 billion in cost savings within five to seven years, … Source: Claims Journal
Read MoreSummer Snow in Sierra; High Winds Damage Plane Near Reno
RENO, Nev. — A strong Sierra cold front packing winds gusting up to 50 mph (80 kph) dropped the first snow of the season Monday in the mountains along the California-Nevada line and damaged a small airplane that was blown … Source: Claims Journal
Read MoreLloyd’s of London Expects ‘Sobering’ Culture Assessment
LONDON — Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a four-fold profit rise. In May the … Source: Claims Journal
Read MoreBermuda Braces for Approach of Major Hurricane Humberto
HAMILTON, Bermuda — Bermuda residents boarded up windows of homes and businesses on Wednesday as Hurricane Humberto became a major storm on route the Atlantic archipelago, although forecasts showed they could be spared a direct hit. Hurricane force winds and … Source: Claims Journal
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