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Business News: LexisNexis, Oyster, AGCS
LexisNexis Fire and Disaster Response Aids Insurers in Rating, Underwriting Fire Risk LexisNexis Risk Solutions announced a new data score that will enable insurers to more accurately rate and underwrite local fire responses using predictive analytics. The LexisNexis® Fire and … Source: Claims Journal
Read MoreSamsung Offers Apologies for Worker Illnesses, Deaths
Samsung Electronics apologized Friday for illnesses and deaths of some of its workers, saying it failed to create a safe working environment at its computer chip and display factories. The announcement by the South Korean technology giant came weeks after … Source: Claims Journal
Read More$15M Suit Filed Against Wash. City After Body Used for Training
Relatives of a man whose body was used by the Bellingham Fire Department for intubation practice have filed claims against the Washington city totaling more than $15 million, a newspaper reported. Eleven fire department employees – including two office workers … Source: Claims Journal
Read MoreReport: Fire-Resistant Homes Don’t Have to Cost a Fortune
Homes in wildfire-prone areas around the U.S. could be built to better withstand blazes without increasing the cost of construction, according to a new report. The research released Tuesday was sponsored in part by the insurance industry and marks the … Source: Claims Journal
Read MoreFlood Insurance Rebuilds Homes with Public Money Repeatedly
Floodwaters rose about 15 inches (40 centimeters) into Danielle Rees’ home in September when Hurricane Florence drenched this tidewater city on the Pamlico River and overwhelmed a local creek and marshland. The first floor was a sopping mess of gritty, … Source: Claims Journal
Read MorePhiladelphia Archdiocese Will Set Aside $25M for Abuse Victims
The Roman Catholic Archdiocese of Philadelphia said Tuesday it is putting aside $25 million to start paying claims to people who say its clergy sexually abused them as children. The archdiocese said it expects to need more money than it … Source: Claims Journal
Read MoreSpinal-Cord Stimulators Present Problems for Some Patients
Desperate for relief after years of agony, Jim Taft listened intently as his pain management doctor described a medical device that could change his life. It wouldn’t fix the nerve damage in his mangled right arm, Taft and his wife … Source: Claims Journal
Read MoreLion Air Pilots Battled Confusing Warnings Before Crash
The Lion Air pilots whose plane nosedived into the Java Sea in October, killing all those aboard, were battling multiple malfunctions almost as soon as the doomed flight began, according to a trove of new data released by Indonesian investigators. … Source: Claims Journal
Read MoreDrone Use Presents New Risks
Originally used for defense by the military, drones are increasingly being used by a variety of industries. With increased use comes the potential for more risks. Brandon Almond, an attorney with Troutman Sanders, discussed common risks associated with drones during … Source: Claims Journal
Read MoreTechnology Shapes Insurers’ Wildfire Response
As wildfires raged this month in California, insurance claims experts at Travelers sat in a command center 3,000 miles (4,828 kilometers) away in Connecticut, monitoring screens showing satellite images, photos from airplane flyovers and social media posts describing what was … Source: Claims Journal
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