Uncategorized

State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said annual profit fell 94 percent on car insurance claims costs. Net income dropped to $400 million from $6.2 billion in 2015, when results included one-time gains in the … Source: Claims Journal

People have triggered five out of six wildfires in the U.S. over the last two decades, tripling the length of the wildfire season and making it start earlier in the East and last longer in the West, a new study … Source: Claims Journal

Former Minnesota Gov. Jesse Ventura and the estate of “American Sniper” author Chris Kyle are fighting over legal bills that mounted during Ventura’s defamation lawsuit. Attorneys for Kyle’s widow say Ventura lost his lawsuit and should reimburse the estate more … Source: Claims Journal

Guidewire Completes Acquisition of ISCS Guidewire Software, Inc., a provider of software to the Property & Casualty (P&C) insurance industry, announced it has completed the acquisition of ISCS. The company also announced the immediate availability of Guidewire InsuranceNow, a cloud-based, … Source: Claims Journal

Commercial vehicles and private cars will soon be communicating with each other in New York, Florida and Wyoming as part of the U.S. Department of Transportation’s Connected Vehicle Pilot Program. According to the DOT, the program will serve as a … Source: Claims Journal

Every year, thousands of children in the U.S. are injured in winter-related activities, regardless of whether they live in warm or cold climates. Tracy Zaslow, M.D., director of the Children’s Orthopaedic Center Sports Concussion Clinic at Children’s Hospital Los Angeles … Source: Claims Journal

It’s too soon to discuss whether new safety rules will be established after a man accused of driving drunk plowed into a Mardi Gras parade crowd, a New Orleans, La., police spokesman said Monday. “It’s probably a little premature,” Michael … Source: Claims Journal

Certain Lloyd’s underwriters lost their unopposed coverage motion for summary judgment based on an assault and battery policy exclusion, because a bar patron injured by gunfire did not allege she was shot as a result of a dispute, threat or … Source: Claims Journal

People injured by Takata Corp.’s exploding airbags asked a judge to delay approving the $1 billion settlement with the U.S. hours before the car-parts maker was due to appear in court to plead guilty as part of the accord. The … Source: Claims Journal

Six people have died on Vermont’s ski slopes this season, an increase over previous years. Three of the deaths involved resort visitors who were killed in accidents: two in crashes into trees, and one after falling into deep snow, according … Source: Claims Journal