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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

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J.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

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Misinformation 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

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Intel 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

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