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Verisk: $29B Personal Auto Premium Leakage a Problem for Insurers
Auto claims frequency and severity dipped considerably during the economic downturn that began in 2008. As the economy recovers it carries a downside for road safety, according to Dorothy Kelly, director of Product Development for Verisk Insurance Solutions. A recovering … Source: Claims Journal
Read MoreInsurer Says Miami is Even More Vulnerable to Hurricanes Like Andrew
Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city’s vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance underwriters’ analysis. At the time, Hurricane Andrew was the most … Source: Claims Journal
Read MoreOklahoma Installs Earthquake Software to Measure Bridge Damage
Oklahoma transportation officials have installed a monitoring service to help prioritize bridge inspections after earthquakes. The ShakeCast software is the final stage in a two-year contract with the private firm Infrastructure Engineers Inc., The Oklahoman reported. The U.S. Geological Survey … Source: Claims Journal
Read MoreStudy Finds Safety Guidelines Aren’t Always Implemented for High School Athletes
A high school sports study conducted by the Korey Stringer Institute and sponsored in part by the NFL shows that many individual states are not fully implementing key safety guidelines to protect athletes from potentially life-threatening conditions, including heat stroke. … Source: Claims Journal
Read MoreEPA Says it Won’t Review Mine Spill Claims of State or Tribe That Sued
Days after the Environmental Protection Agency pledged to reconsider damage claims it previously rejected after a mine spill, the agency said Monday it could not review multimillion-dollar requests from the state of New Mexico and the Navajo Nation because both … Source: Claims Journal
Read More10 Tulsa Businesses Condemned Following Tornado Damage
Ten businesses in a Tulsa, Okla., shopping district were so badly damaged by a weekend tornado that they have been condemned, including the TGI Fridays and Whataburger restaurants where several people were injured, city officials said Monday. Notices posted by … Source: Claims Journal
Read MoreMore Widespread Flooding in Houston Area
Heavy rains that caused flooding in some parts of the Houston area and prompted about two-dozen water rescues on Tuesday seemed to have stopped just before getting worse but with more rain expected authorities remain on guard and residents should … Source: Claims Journal
Read MoreCoast Guard Hearing Focuses on Deadly Crab Boat Sinking
A hearing into what caused a Seattle, Wash., crab boat with six people aboard to sink in the Bering Sea will focus on weather and human factors, as well as the stability of the fishing vessel before it went missing … Source: Claims Journal
Read MoreTravelers Reports 30% Reduction in Opioid Use Among Workers’ Comp Claimants
The Travelers Companies, Inc., reported a 30 percent reduction in the use of opioids among the more than 500,000 injured U.S. employees covered by its workers’ compensation policies since 2015. This has been achieved primarily through the use of the … Source: Claims Journal
Read MoreInsurance Coverage in Concurrent Cause Cases: Florida Supreme Court Decides District Split in Favor of Coverage
On December 1, 2016, the Florida Supreme Court held in an insurance coverage case that “when independent perils converge and no single cause can be considered the sole or proximate cause, it is appropriate to apply the concurring cause doctrine.” … Source: Claims Journal
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