Over 35 years in the business, We are here to help!
Call (800) 554-0098 or Email

News

No NOAA Large-Disaster Data Could Hurt Insurer Grasp of Secondary Perils, Says AM Best

| 0 Comments

Insurance industry financial strength rating agency AM Best said today that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers and may require the rethinking of some products. About two weeks … Source: Claims Journal

Marks & Spencer Says Cyberattack to Cost $403 Million

| 0 Comments

Marks & Spencer Group Plc is facing a £300 million ($403 million) hit to operating profit this fiscal year from a cyberattack that’s still disrupting the company’s sales and operations. The British retailer will try to mitigate the impact with … Source: Claims Journal

APCIA Says Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims

| 0 Comments

The American Property Casualty Insurance Association chimed in to a recent Senate subcommittee hearing to defend the industry’s response to claims following hurricanes Milton and Helene. “The vast majority of claims from Hurricanes Milton and Helene have been settled, totaling … Source: Claims Journal

Mitchell: Claims Frequency of Battery Electric Vehicles up as Sales Face Tariff Threat

| 0 Comments

Claims frequency for repairable, collision-damaged battery electric vehicles in the first quarter rose to 3.12% in the U.S. and 4.48% in Canada, representing an increase of 31% in the U.S. and Canada over the same period last year, a new … Source: Claims Journal

Fire on Chevron Oil Platform Offshore Angola Injures 17

| 0 Comments

Seventeen people were injured, four seriously, when a fire broke out in the early hours of Tuesday at Chevron’s deep-water Benguela Belize Lobito Tomboco (BBLT) oil platform, Angolan authorities and the U.S. oil major said in statements. The cause of … Source: Claims Journal

AF Group Claims Exec Embracing AI, But He Won’t Measure Success by Replacing People

| 0 Comments

AF Group has embraced the use of artificial intelligence in its claims operations, but the person overseeing its implementational has no interest in one promise of AI: reducing the number of claims professionals that work for them. The Lansing, Michigan-based … Source: Claims Journal

Trump Plans to Merge Wildland Firefighting Efforts into One Agency, But Ex-Officials Warn of Chaos

| 0 Comments

President Donald Trump’s administration is trying to merge the government’s wildland firefighting efforts into a single agency, a move some former federal officials warn could increase the risk of catastrophic blazes and ultimately cost billions of dollars. Trump’s budget would … Source: Claims Journal

Senate Will Try to Block California Vehicle Standards That Would Phase Out Gas-Powered Cars

| 0 Comments

The U.S. Senate will move this week to block California from enforcing a series of vehicle emissions standards that are tougher than the federal government’s, including first-in-the-nation rules phasing out the sale of new gas-powered cars by 2035. Majority Leader … Source: Claims Journal

Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says

| Comments Off

A multiday severe weather outbreak across the central U.S. caused an estimated $9 billion to $11 billion in total damages and economic loss, AccuWeather preliminary estimates show. Source: Claims Journal

Nearmap Acquiring itel to Add to Property Intelligence, Underwriting And Claims Services

| Comments Off

Property intelligence provider Nearmap is acquiring itel, a provider of property claims services. Andy Watt, Nearmap’s CEO, will serve as CEO for the combined company, while itel CEO Brian Matthews will continue to lead itel through closing and will serve … Source: Claims Journal