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Though adopted early by personal lines insurers, telematics is just coming into its own in the commercial auto space, according to Zach Schmiesing, director, Commercial Lines, IoT/Telematics at Verisk Analytics. Commercial insurers are examining the differences in commercial driving behavior … Source: Claims Journal

When Hurricane Sandy hit the U.S. East Coast in October 2012, its 80-mile-per-hour winds and the resulting flooding did about $71 billion in damage. After the storm, researchers found that natural coastal ecosystems saved communities from Maryland to New Jersey … Source: Claims Journal

The editors at Wells Media have long noticed that the insurance industry is viewed rather negatively by “civilians” – your customers. As a result, we are beginning a regular series of columns, called “Insurance Flipsides,” which will highlight the many … Source: Claims Journal

La Nina is dead. Long live El Nino? A weather pattern known as La Nina that has worsened drought conditions across the U.S. Great Plains has faded, according to the U.S. Climate Prediction Center. But it could be replaced late … Source: Claims Journal

A fire at a Chinese-owned auto parts plant in Michigan has cut off supply of key components and disrupted production of crucial Ford Motor Co. and Daimler AG models, with the U.S. automaker already saying it’ll hurt profit in the … Source: Claims Journal

In the weeks before Hurricane Harvey tore across the Gulf of Mexico and plowed into the Texas coast in August 2017, the Gulf’s waters were warmer than any time on record, according to a new analysis led by the National … Source: Claims Journal

Hawaii’s insurance commissioner has made it clear that homes destroyed or damaged in the recent lava flow into a Hawaii neighborhood are covered for the damage under homeowners insurance policies. Gordon Ito, who has been the state’s insurance commissioner since … Source: Claims Journal

A shareholder lawsuit alleges Anadarko Petroleum was focused on keeping oil and gas flowing from older wells, not fixing potential safety problems, in the months before a fatal house explosion in Colorado linked to an Anadarko well. The lawsuit cites … Source: Claims Journal

Insurers risk missing major growth opportunities unless CEOs take immediate steps to redesign work, bring in new talent, and pivot their existing workforces to work with artificial intelligence (AI), according to new research by Accenture. According to the report – … Source: Claims Journal

The National Transportation Safety Board will investigate the fatal crash of a Tesla Model S that burst into flames after colliding with a concrete wall in Florida on Tuesday, the agency said, announcing its fourth active probe into a collision … Source: Claims Journal