Uncategorized
Liberty Mutual Research Reveals Need to Actively Prevent Falls at Work
Working age adults account for more than two-thirds of the estimated 9.9 million annual fall-related injuries impacting U.S. adults according to Liberty Mutual’s latest research, highlighting the importance of companies actively protecting employees and the public from falls. Liberty Mutual … Source: Claims Journal
Read MoreWisconsin Flood Damage Costs Estimated at $30M
Gov. Scott Walker is requesting a federal assessment of damage from last week’s heavy rains to determine whether the state will request federal disaster assistance. The storm and flooding caused an estimated $30 million in damage in northwestern Wisconsin. State … Source: Claims Journal
Read MoreEPA, Forest Service Want Permanent Firefighters Near Montana Mine
The Environmental Protection Agency and the U.S. Forest Service want to station 10 firefighters near Libby, Mont., this summer so crews are immediately available to fight any fire that night burn in or near a former vermiculite mine contaminated with … Source: Claims Journal
Read MoreCommercial Lines Insurers Investing in Tech for Claims, Underwriting Data
Technology investments to support data initiatives are increasingly important as commercial lines insurers look to leverage data from a wider variety of sources. According to a new report released by Novarica, predictive analytics, third-party data and multidimensional data are being … Source: Claims Journal
Read MoreChicago OIG Recommends Risk Management Program to Address Claims Payouts
The City of Chicago Office of Inspector General (OIG) released an advisory identifying the absence of a comprehensive risk management program in Chicago and highlighting the substantial operational and fiscal benefits of implementing such a program. Based on the limited … Source: Claims Journal
Read MoreFollowing the Money: Subrogating MSC-90 Payments Against an Uninsured Operator
Trucking insurers issuing motor carrier policies which contain MCS-90 Endorsements may be overlooking significant subrogation and recovery opportunities. MCS-90 subrogation is a fascinating and under-utilized means of recovery that can significantly increase an insurance carrier’s bottom line. Understanding the history … Source: Claims Journal
Read MoreCalifornia Homeowner Sued for $25M Over Wildfire Damage
The federal government sued a homeowner for nearly $25 million on Thursday, contending his negligence sparked a 2013 fire in the mountains east of Los Angeles that forced 5,000 people from their homes. The lawsuit contends that a short in … Source: Claims Journal
Read MoreBusiness News: DRN, Vale Consulting Services, AIR Worldwide
DRN Offers Vehicle Search Feature to Carriers Texas-based Digital Recognition Network (DRN), a provider of vehicle location data and insights, now enables access of over 4 billion vehicle sightings. Through Event Links, insurance carriers can access the pictures functionality, for … Source: Claims Journal
Read MoreNo One Injured in Another Maine Ski Resort Chairlift Failure
Another chairlift has failed at a ski resort in Maine – the third time in six years – but no one was hurt because it happened in the summer when the lift was not in operation, officials said Wednesday. The … Source: Claims Journal
Read More2010 Gulf of Mexico Oil Spill Costs Total $61.6B
Oil giant BP PLC has put a final price tag on what its catastrophic Gulf of Mexico oil spill cost the company, and it’s a hefty sum: $61.6 billion. The company issued the estimate Thursday, the first time it has … Source: Claims Journal
Read More