Uncategorized
Zurich Property Unit Leads Way to Meet CEO’s Goals
Zurich Insurance Group AG got a boost from its property & casualty business, putting the company on track to meet Chief Executive Officer Mario Greco’s three-year restructuring goals. The Swiss insurer’s biggest unit saw higher profit and posted a lower … Source: Claims Journal
Read MoreHawaii Plans $550M Request for Disaster Recovery
Big Island Mayor Harry Kim is planning to ask the state Legislature for $550 million for disaster recovery following the effects of the Kilauea volcano eruption. Kim said he discussed a conceptual plan with Gov. David Ige last week, and … Source: Claims Journal
Read MorePuerto Rico Cites Maria Death Toll of 1,427 in Damage Report
Puerto Rico is now estimating that Hurricane Maria killed more than 1,400 people, far more than the official death toll of 64, in a report to Congress seeking billions to help the island recover from the devastating storm. The government, … Source: Claims Journal
Read MoreWith Pot Shops Opening Soon, Massachusetts Warns of Dangers of Driving High
In anticipation of the first recreational marijuana stores opening within Massachusetts in the coming weeks, state officials Wednesday stepped up warnings to motorists about the risks of driving while stoned. A new public education and enforcement campaign announced by Republican … Source: Claims Journal
Read MoreBusiness News: DSA Re, PEAK6, CoreLogic
AIG and The Carlyle Group Announce Strategic Partnership with DSA Re American International Group and The Carlyle Group announced a strategic partnership to build DSA Re into a standalone provider of reinsurance, claims handling and run-off management solutions for long-dated, … Source: Claims Journal
Read MoreRomney Says Early Detection, Logging Could Stop Wildfires
As wildfires ravage the U.S. West, Republican Senate candidate Mitt Romney has called for more logging and a high-tech early detection system in a plan that was met with some skepticism. Romney, a candidate in Utah, said in an essay … Source: Claims Journal
Read MoreAtlantic Could See up to 7 Hurricanes in 2018 Storm Season
With four storms already in the books, the Atlantic is expected to produce a total of nine to 13 named storms during the six-month hurricane season that ends Nov. 30, the National Oceanic and Atmospheric Administration said. That’s down from … Source: Claims Journal
Read MorePolice: Sicily Gangsters Crushed Limbs in Insurance Fraud Scam
Sicilian gangsters dropped 25-kilo (55-pound) cast-iron weights on the limbs of drug addicts, alcoholics and other vulnerable people to obtain insurance payments for fake car accidents worth hundreds of thousands of euros, police said Wednesday after making 11 arrests in … Source: Claims Journal
Read MoreStale Cockpit Air Could Dull Airline Pilot Performance
That poorly ventilated conference room isn’t the only place with the potential for sick-air syndrome. Airliner cockpits can also have levels of carbon dioxide elevated enough that in simulations it causes pilots to fail test maneuvers at higher rates than … Source: Claims Journal
Read MorePeople News: CSAA, AIG, Travelers
Ingersoll Named VP of Corporate Innovation at CSAA John Ingersoll has been named VP of Corporate Innovation at CSAA Insurance Group. Ingersoll is among the inaugural Velocity Program at the company, a “growth engine” that brings employees from various business … Source: Claims Journal
Read More