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Processing of Harvey Flood-Damaged Cars Continues, Boost in Car Sales Seen
As Hurricane Harvey poured on Houston, Frank Rodriguez feared for his 2014 GMC Sierra. Once he saw the pickup’s soaking-wet interior and center console full of water, he knew it was a lost cause. He just hoped his insurance company … Source: Claims Journal
Read MoreTexas County to Spend $20M on Harvey-Flooded Home Buy Out
County officials in the Houston area have decided to spend $20 million to purchase more than 200 homes flooded during Hurricane Harvey. The Harris County Commissioners Court voted Tuesday to use the funds to speed up the buyout process, the … Source: Claims Journal
Read MoreAppeals Court Panel Overturns $663M Guardrail Fraud Verdict
Three appeals court judges have overturned a $663 million fraud verdict against a company that makes guardrails found along many U.S. roads and highways. The panel of judges on the 5th U.S. Circuit Court of Appeals in New Orleans on … Source: Claims Journal
Read MoreFederal Regulators Remove AIG From Tougher Oversight
A panel of federal regulators has voted to remove insurance giant American International Group from the tougher government oversight that had been imposed on the company in the wake of its near collapse in 2008. The Financial Stability Oversight Council … Source: Claims Journal
Read MoreSwitzerland Tests Drone Delivery in Urban Areas
Drones will help deliver toothbrushes, deodorant and smartphones to Swiss homes this fall as part of a pilot project, the first of its kind over a densely populated area. The drones will take items from a distribution center in the … Source: Claims Journal
Read MoreHurricanes Reveal Need for More Catastrophe Adjusters
Back to back hurricanes coupled with retiring, experienced personnel has created a tight adjuster job market. From emails to online jobsites, there’s no shortage of firms advertising jobs for cat adjusters in the aftermath of Harvey and Irma. A recent … Source: Claims Journal
Read MoreHSB Survey: Half of U.S. Businesses Have Been Hacked
More than half of U.S. businesses (53 percent) have experienced a cyber attack in the past year, according to a survey of business executives released today by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re. … Source: Claims Journal
Read MoreMichigan High Court Will Consider Girls Bonfire Injury at Century-Old Inn
The Michigan Supreme Court has agreed to look at the case of a 10-year-old girl who burned her foot on hot coals a day after a Lake Michigan beach bonfire. The century-old Watervale Inn in Benzie County could be liable … Source: Claims Journal
Read MoreClimate Change May Cost U.S. $1B a Day as Planet Heats Up
Stronger hurricanes, hotter heat waves, more frequent wildfires and more severe public-health issues are all adding to the costs of climate change, which will reach almost $1 billion a day in the U.S. within a decade, according to a report … Source: Claims Journal
Read MoreCitizens Estimates $1.23B In Insured Losses from Hurricane Irma
Hurricane Irma will generate up to 70,000 claims and approximately $1.23 billion of insured losses to Citizens Property Insurance Corporation over the next 18 to 24 months, according to initial estimates presented to Citizens Board of Governors on Wednesday. Chris … Source: Claims Journal
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