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California Mudslide Insurance Claims Top $421M
Insurers have received over 2,000 insurance claims totaling more than $421 million in losses from the deadly Montecito, Calif., mudslide that roared through the community carrying tons of mud and debris destroying or damaging more than 400 homes and businesses, … Source: Claims Journal
Read MoreBusiness News: Beazley, PURE, Stonetrust
Beazley Adds Embedded Workplace Violence Cover for its U.S. Insurer Clients Specialist insurer Beazley has added embedded workplace violence cover to the range of specialist products that U.S. insurers can access through its Beazley Product Solutions (BPS) team. By partnering … Source: Claims Journal
Read MoreABA Panel Offers Tips on Handling Catastrophic, Complex Claims
Early reporting, insured cooperation and thorough investigation aid claims handling when dealing with catastrophic or complex injuries or damages, according to four experienced lawyers who spoke as part of a panel during the American Bar Association’s mid-year conference on insurance … Source: Claims Journal
Read MoreTravelers: Distracted Driving Perception and Reality Disconnect Exists
An overwhelming majority of people surveyed for the 2018 Travelers Risk Index said that distracted driving remains a concern, consistent with previous years.The Travelers Companies, Inc.’s first release of the report focuses on distracted driving and perception of risks among … Source: Claims Journal
Read MorePeople News: Coverys, FM Global, Tokio Marine
Sheps Promoted to VP of Claims at Coverys Coverys, a provider of medical professional liability insurance, announced the appointment of Stephanie Sheps to vice president of Claims. Sheps inherits the position from Barbara Staples who recently retired from the organization … Source: Claims Journal
Read MoreTesla’s Lack of Black Boxes Makes U.S. Crash Probes Difficult
When a Tesla Inc. Model X slammed into a concrete highway barrier in California last month, the vehicle’s computers contained a wealth of information about the moments leading to the fatal accident. The problem for U.S. accident investigators is that … Source: Claims Journal
Read MoreResearchers Create Robot to Defend Factories Against Cyberthreats
It’s small enough to fit inside a shoebox, yet this robot on four wheels has a big mission: keeping factories and other large facilities safe from hackers. Meet the HoneyBot. Developed by a team of researchers at the Georgia Institute … Source: Claims Journal
Read MoreMissouri Legislation Would Limit Insurance Carrier Liability Settlements
A bill on Gov. Eric Greitens’ desk would limit how much money insurance companies would have to pay after accidents. The proposal affects cases where multiple people are owed money from an insurance company, such as after a car accident … Source: Claims Journal
Read MoreFEMA Says Flood Insurance Rates Going up Again This Year
Flood insurance premiums will rise again this year, according to federal officials. The Federal Emergency Management Agency said flood premiums will jump about 8 percent, the Asbury Park Press reported. The average flood policy will cost $935 annually, up from … Source: Claims Journal
Read MoreSUV Data Shows California Deadly Wreck May Have Been Intentional
An SUV carrying a large, free-spirited family from Washington state accelerated straight off a scenic California cliff and authorities said the deadly wreck may have been intentional. Information pulled from the vehicle’s software shows it was stopped at a flat, … Source: Claims Journal
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