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National Security Group Estimates Cost of Spring Storm Losses

The National Security Group, Inc., released estimates of 2017 year to date spring storm losses incurred by property/casualty subsidiary National Security Fire & Casualty, a primarily personal lines insurer offering coverage in 10 states, and a preliminary estimate of the … Source: Claims Journal

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The Case of the Water-Soaked Grandfather Clock

Although our technology has allowed us to build extremely accurate atomic clocks regulated by the vibrations of cesium or ammonia atoms, mechanically powered clocks with cable anchors, chime rods, weights and swinging pendulums are still admired and manufactured today. Even … Source: Claims Journal

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Dozens Charged in $23M California Insurance Fraud Scam

Prosecutors in California announced charges Thursday against more than two dozen doctors, pharmacists and medical business owners in a multimillion dollar scheme to bilk workers compensation insurance by prescribing unnecessary treatments and tests. Tanya Moreland King, 37, and her husband … Source: Claims Journal

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Move Over Drones, Flying Cars Ready to Sell

It may not be quite like the Jetsons, but for over a million dollars you too can soon fly around in a car. A Slovakian company called AeroMobil unveiled on Thursday its version of a flying car, a light-framed plane … Source: Claims Journal

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Elevated Beach Homes the Norm Since Superstorm Sandy

Ten years ago, dozens of single-story beach cottages dotted the streets of Merion Park, a low-lying neighborhood in Ocean City’s south end. Then Hurricane Sandy hit in 2012 and the quiet New Jersey residential neighborhood was flooded with more than … Source: Claims Journal

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Michigan Bill Could Authorize Theft Fees on Commercial Trucks

Michigan senators approved legislation that could allow the Automobile Theft Prevention Authority to assess small fees on commercial vehicles, not just private passenger vehicles. Under current law, auto insurers pay $1 a year per insured car. State Attorney General Bill … Source: Claims Journal

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Tesla Sued Over Defective Autopilot Software

Tesla Inc. is facing its first U.S. legal challenge over self-driving technology in a case alleging the electric carmaker sold 47,000 vehicles with Autopilot software that’s “dangerously defective” when engaged. Drivers have “become beta testers of half-baked software that renders … Source: Claims Journal

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