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Terrorism Concerns Results in Chemical Storage Rule Delay
The Trump administration is delaying a new rule tightening safety requirements for companies that store large quantities of dangerous chemicals. The rule was imposed after a fertilizer plant in West, Texas, exploded in 2013, killing 15 people. Scott Pruitt, administrator … Source: Claims Journal
Read MoreJ.D Power: Homeowner Claim Satisfaction at All Time High
Overall customer satisfaction among homeowners filing property insurance claims has reached a new all-time high, according to the J.D. Power 2017 U.S. Property Claims Satisfaction Study. This surge in insurance customer satisfaction corresponds with a 10-year high in catastrophic events, … Source: Claims Journal
Read MoreMisinformation Leads to Auto Premium Leakage of $29B Per Year
Verisk Analytics estimates that personal lines automobile insurers face at least a $29 billion annual problem from premium leakage—omitted or misstated underwriting information that leads to inaccurate rates. According to the Verisk report, sources of personal auto premium leakage in … Source: Claims Journal
Read MoreWinter Storm Forecast Tripped up by Fine Line Between Rain, Snow
New Yorkers just got a lesson on how notoriously difficult it is to predict the severity of an East Coast snow storm. All it takes is a wobble in a low-pressure system’s trajectory or a sudden shove of warm air … Source: Claims Journal
Read MoreLess Interested in Self-Driving Cars, Older Drivers Embrace Auto Safety Technology
Older drivers are increasingly comfortable with and recognize the benefits of active safety technology, but they are still reluctant to relinquish total control to an autonomous vehicle, according to a nationwide survey by Munich Re, US of drivers age 65 … Source: Claims Journal
Read MoreMichigan’s Auto Insurance Fee for Catastrophic Injuries Rises to $170
The annual auto insurance fee Michigan drivers pay toward caring for people catastrophically injured in crashes is rising to $170, a $10 increase. The Michigan Catastrophic Claims Association announced Monday the new per-car assessment for the 12 months starting July … Source: Claims Journal
Read MoreMany Still Reeling From Northwest Louisiana Flood a Year Later
Floods a year ago took everything from Vivian resident Gwen Smith. “I lost my home completely,” she said. Before the flood hit on March 9, 2016, Smith had lived most of her adult life in the mobile home. For two … Source: Claims Journal
Read MoreIntel Spends $15B on Mobileye in Race to a Driverless Future
Intel will buy Israel’s Mobileye in a deal valued at about $15 billion, instantly propelling the computer chip and technology giant to the forefront of autonomous vehicle technology. The deal announced Monday combines Mobileye’s market-leading software that processes information from … Source: Claims Journal
Read MoreGatlinburg, Tenn. Wildfire Hits Home With Adjuster Born and Raised in the Area
Residents and tourists were unprepared for a devastating wildfire that whipped through Gatlinburg, Tenn., last fall. Winds topping 87 miles per hour fanned the flames that began in the Smoky Mountains and quickly spread through the mountain town, destroying homes … Source: Claims Journal
Read MoreU.S. Push to Avert Plane Battery Fires Stalls Under New Administration
A year ago, the U.S. government was campaigning for an international ban on shipments of rechargeable batteries on passenger planes because the batteries can self-ignite, creating intense fires capable of destroying an airliner. “The risk is immediate and urgent,” Angela … Source: Claims Journal
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