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Business News: Grange Insurance, CNA/Aon Affinity Partnership, Verisk
Grange Insurance Introduces 36-Month Policy Option for Businesses Ohio-based Grange Insurance launched a new 36-month commercial insurance package policy. The 36-month package policy gives commercial policyholders that qualify the opportunity to have consistent, stable rates, terms and conditions for 36 … Source: Claims Journal
Read MoreMaine High Court Clarifies Distracted Driving Requirements
Law enforcement officials don’t have to show what specifically distracted a driver before a fatal chain-reaction crash, the state supreme court ruled, providing important guidance to law enforcement at a time when distracted drivers are a major concern. The Maine … Source: Claims Journal
Read MoreIIHS: Automated Safety Systems Work Despite Potential for Distraction
Safety systems to prevent cars from drifting into another lane or that warn drivers of vehicles in their blind spots are beginning to live up to their potential to significantly reduce crashes, according to two studies released Wednesday. At the … Source: Claims Journal
Read More4 Lessons From Hurricane Andrew
It’s been 25 years since Hurricane Andrew struck the coast of Florida on August 24, 1992. The state was no match for the 17-foot storm surge and high winds the category 5 storm produced. Andrew became the costliest disaster in … Source: Claims Journal
Read MoreCat Models Impact After Hurricane Andrew
When Andrew, a category 5 hurricane, made landfall on August 24, 1992, it was a wakeup call for the insurance industry. The devastation that resulted became the impetus for the widespread adoption of catastrophe models, according to Karen Clark, co-founder … Source: Claims Journal
Read MoreResearchers Use Planes to Map Oklahoma Earthquake Faults
Researchers are turning to the sky to help stop earthquakes from rumbling deep beneath the Oklahoma soil. The U.S. Geological Survey in coordination with the Oklahoma Geological Survey and other groups last week began using a modified small airplane to … Source: Claims Journal
Read MoreShoddy Construction Blamed in ‘Warrior Dash’ Accident
Young teenagers were safety monitors along a Louisiana obstacle course when a wooden climbing framework collapsed under the weight of more than 20 “Warrior Dash” competitors in October, an investigator revealed Friday. Nearly a year after the collapse of the … Source: Claims Journal
Read MoreSeries of Articles by NCCI Examines Marijuana and the Workers’ Comp System
The National Council on Compensation Insurance (NCCI) has released the first of a five-part series on its website examining the issues surrounding the growing impact of legalizing marijuana on workers’ compensation stakeholders. The first article in the series, The Marijuana … Source: Claims Journal
Read MoreBusy Waters Around Singapore Carry Host of Shipping Hazards
The shipping lanes around Singapore, among the world’s busiest, carry a host of challenges to safe navigation, including a narrow strait, frequently limited visibility and thousands of vessels sailing through daily. Countless ships have made the voyage in and out … Source: Claims Journal
Read MoreA Recalled Takata Airbag’s Path From Salvage Yard to Used Car
A dangerous Takata airbag should have been recalled before going from a wrecked car to a salvage yard, eventually ending up in a 2002 Honda Accord and nearly killing a Las Vegas woman, a lawsuit alleges. The Accord had been … Source: Claims Journal
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