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Sometimes revered, at times sneered, value engineering (VE) can provide benefits to various projects when done right, according to industry experts. VE began at General Electric during World War II, according to Quebec-based McGill University. Shortages of skilled labor, raw … Source: Claims Journal

The Cleveland Indians and Minnesota Twins are the latest Major League Baseball teams to announce plans to expand safety netting at their ballparks for the 2018 season. The Indians will extend the current vertical netting behind home plate down the … Source: Claims Journal

Florida homeowners who insure their property through a state-created insurance company will see an average 6.6 percent increase in their multi-peril coverage next year, regulators announced Wednesday. But thanks to Hurricane Irma, the increase will be pushed back three months … Source: Claims Journal

Southern California has felt yellow wind, orange wind, and red wind. But never purple wind. Until now. The color-coded system showing the expected strength of the winds driving the region’s fierce wildfires has reached uncharted territory, pushing past red, which … Source: Claims Journal

New Jersey lawmakers are moving ahead with legislation that would make it illegal to operate a drone while drunk. The legislation cleared an Assembly committee on Monday and is up for a vote in the full Senate on Thursday. Both … Source: Claims Journal

Newly disclosed records show a major gun manufacturer knew for years about extensive problems with the barrel of a rifle that has injured several hunters in explosions, a plaintiff’s lawyer alleged Wednesday. Savage Arms has produced a list of nearly … Source: Claims Journal

More than $9 billion in insurance claims have been filed following wildfires that ravaged Northern California two months ago, the state’s top insurance regulator said Wednesday. The figure represents residential, commercial, automobile and other property claims filed with 260 insurers … Source: Claims Journal

Officials in a Texas county devastated by Hurricane Harvey approved new regulations Tuesday on building construction in flood-prone locations, rules they touted as the nation’s toughest for a major metropolitan area. The rules taking effect Jan. 1 in unincorporated parts … Source: Claims Journal

Defective product risk is an increasing peril for companies, causing significant financial damage, according to a newly released Allianz Global Corporate & Specialty (AGCS) report. Recall exposures have increased significantly over the past decade, bringing the potential for larger and … Source: Claims Journal

Insurers Seek Reimbursement for the High Cost of Opioid Addictions Big Pharma is having a Big Tobacco moment. Since 1999, the number of prescription opioids sold in America has almost quadrupled. Over the same period, prescription opioid deaths have more … Source: Claims Journal