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At least 17 dams in North Carolina burst from the rain dumped by Hurricane Matthew, most of them in the Cape Fear River Basin. The News & Observer of Raleigh reports state inspectors knew where the rains could cause catastrophic … Source: Claims Journal

In the last two years, private-passenger loss costs have risen sharply  the result of more and costlier claims, according to a new white paper released by the Insurance Information Institute (I.I.I.). “There has been an alarming increase in crashes and … Source: Claims Journal

A recent ruling by an Illinois federal judge against Acuity Mutual Insurance Co., found that the use of the word “commencing” is ambiguous as it relates to whether a loss occurs within the policy period. The case, Temperature Service Company, … Source: Claims Journal

Climate change could spark the world’s next financial crisis, according to Paul Fisher, who retired this year as deputy head of the Bank of England body which supervises the country’s banks. “It is potentially a systemic risk,” Fisher said Monday … Source: Claims Journal

Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of 2017. “I expect a strong likelihood for … Source: Claims Journal

The family of a Des Moines, Iowa, woman who died of a prescription drug overdose is appealing a judge’s rejection of their motion seeking to name the doctor’s former health system as defendants. Brandy Stoutenberg’s relatives originally blamed Dr. Daniel … Source: Claims Journal

Gov. John Bel Edwards bumped up his request to more than $4 billion for federal flood disaster aid to repair south Louisiana’s flood destruction, according to a letter to the White House released Friday. The Democratic governor’s earlier request totaled … Source: Claims Journal

A new study from the University of Iowa College of Public Health has found that traffic accidents involving farm vehicles in the Midwest would decrease by more than 50 percent if state policies required more lighting and reflection on those … Source: Claims Journal

An insured’s response following an incident often greatly impacts the litigation should a claim or lawsuit arise. Claims professionals and defense attorneys rely on the insured to take proper precautions post-incident and conduct an investigation, complete accident reports, take photographs … Source: Claims Journal

The Florida Fifth Circuit Court of Appeals issued a ruling that the determination of the full extent of damages in an uninsured motorist bad faith case should be adjudicated in the subsequent bad faith lawsuit rather than in the UM … Source: Claims Journal