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Business News: American Family, Trov/Waymo Partnership, ClaimVantage
American Family Invests in Advanced Analytics and AI Through Acquisition of Networked Insights With the purchase of Chicago-based data and analytics software company, Networked Insights, American Family Insurance will accelerate its digital transformation, including its use of data, advanced analytics … Source: Claims Journal
Read MoreSwiss Re: Natural Catastrophe Insured Losses Nearly Doubled in 2017
Preliminary sigma estimates for insured global losses resulting from natural and man-made disasters in 2017 are around $136 billion, well-above the annual average of the previous 10 years, and the third highest since sigma records began in 1970. Total economic … Source: Claims Journal
Read MoreAmtrak Train Brake Automatically Activated in Fatal Washington Derailment
Investigators are looking into whether the Amtrak engineer whose speeding train plunged off an overpass, killing at least three people, was distracted by the presence of an employee-in-training next to him in the locomotive, a federal official said Tuesday. The … Source: Claims Journal
Read MoreOregon City’s Businesses Frustrated by Delayed Flood Maps
For the past two years, Cheri Lerma of Cheri’s Cafe & Cannon Beach Cookie has spent almost $10,000 on flood insurance she knows she doesn’t need. As a part of a countywide study by the Federal Emergency Management Agency, preliminary … Source: Claims Journal
Read MoreNew Car Buyers Don’t Seek out Safety Tech, but Happy to Have it
A new telematics study by LexisNexis Risk Solutions found that most car buyers don’t seek out advanced safety and connectivity features in new cars, however 76 percent of connected car owners are pleased when they discover the benefits of having … Source: Claims Journal
Read MoreLouisiana Firm’s Co-Owner Pleads Guilty in Industrial Site Explosion
One of the owners of a company that abandoned thousands of tons of potentially explosive artillery propellant in Louisiana has admitted lying in order to be awarded federal contracts to “demilitarize” the smokeless powder, known as M6. Explo Systems co-owner … Source: Claims Journal
Read MoreHouse Lawmakers Paid $342K in Workplace Discrimination Settlements Over 4 Years
Newly-released statistics show taxpayers paid more than $342,000 to settle workplace discrimination disputes at House lawmakers’ offices between 2008 and 2012, including nearly $175,000 for eight settlements related to sexual harassment and sex discrimination accusations. The new numbers were released … Source: Claims Journal
Read MoreNuclear Regulator Downplays Safety Warnings
The federal agency responsible for safety at the nation’s 61 nuclear power plants routinely downplays warnings from plant workers and its own experts about problems, including some with potential for disaster, a Better Government Association investigation found. Employees from U.S. … Source: Claims Journal
Read MoreHow Federal Pain Management Rules Will Affect Workers’ Comp
Genex recently released a brief overview of the Joint Commission’s new pain management protocols. According to Mark Pew, senior vice president of PRIUM, a division of Genex Services, the new pain management protocol goes into effect January 1. “That means … Source: Claims Journal
Read MoreHoliday Season Poses Hazards
As the nation gears up to decorate their homes for the holiday season, the U.S. Consumer Product Safety Commission (CPSC) reminds consumers of decorating dangers and provides tips for a safe holiday. CPSC demonstrated some of the hazards, including Christmas … Source: Claims Journal
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