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Fitch: Homeowners’ Insurance Profits Surge While Personal Auto Stalls
The personal auto insurance industry experienced significant performance deterioration in 2015, and is not showing clear signs of recovery thus far in 2016, according to a new Personal Lines Market Update report from Fitch Ratings. In contrast, homeowners insurance experienced … Source: Claims Journal
Read MoreFAA Expects 600,000 Commercial Drones Operating in U.S. Within the Year
There will be 600,000 commercial drone aircraft operating in the U.S. within the year as the result of new safety rules that opened the skies to them on Monday, according to a Federal Aviation Administration estimate. The rules governing the … Source: Claims Journal
Read MoreMissouri Sees Rise in Workplace Deaths
Missouri has seen an increase in the number of workers killed while on the job, according to the Occupational Safety and Health Administration. Agency officials said 24 workplace deaths have been reported since October. The agency’s acting area director Todd … Source: Claims Journal
Read MoreFaked Invoice Leads to Felony Charge, Restitution in Texas Hail Suit
A hail damage lawsuit referred to the Texas Department of Insurance on suspicion of fraud resulted in an indictment and subsequent restitution. In a recent Fraud File podcast interview, Steven Badger, a partner with Zelle LLP’s Dallas office, explained how … Source: Claims Journal
Read MoreFirst 2 Weeks of Football Practice Most Dangerous for Heat-Related Illness
As the college football season heats up, a new University of Georgia study finds players are more likely to suffer from heat-related illness during the first two weeks of practice, especially those in the Southeast. The four-year study evaluated the … Source: Claims Journal
Read MorePittsburgh Mayor Says City Will Take Over Inspections of Flood Gate, Sensors
The city of Pittsburgh will take over inspections and maintenance of a gate and sensor system that failed to keep people off an oft-flooded road during flash flooding, five years after four people were killed in flash floods there, Mayor … Source: Claims Journal
Read MoreFitch: U.S. Insurers Writing Cyber Coverage Totaling $1B in Premiums
About 120 U.S. insurance groups reported writing cyber coverage in 2015 totaling approximately $1 billion in direct written premiums volume, according to Fitch. Fitch aggregated the cybersecurity statutory supplement data for the U.S. property/casualty (P/C) insurance industry and analyzes the … Source: Claims Journal
Read MorePartial Win for Amtrak Sandy Insurance Federal Appeal
Amtrak secured a partial U.S. appellate court win on Wednesday in its efforts to recoup insurance coverage after the railroad service sustained more than $1 billion in losses during Superstorm Sandy in 2012. The 2nd U.S. Circuit Court of Appeals … Source: Claims Journal
Read MoreHit by Baseball, New Jersey Woman Sues Milwaukee Brewers
A New Jersey woman who was hit by a baseball during batting practice before a Brewers game in 2014 has now sued the team. Dana Morelli, 47, of Glendora, New Jersey, claims in her lawsuit that the Brewers and their … Source: Claims Journal
Read MorePilots Race to Become Licensed Drones Operators
Thousands of would-be drone pilots are racing to get licensed under new U.S. regulations that have opened an aerial stampede. More than 3,300 have signed up to take the test on Monday, the first day it’s available, and the U.S. … Source: Claims Journal
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