News
A series of hailstorms and tornadoes in the U.S. dominated the natural catastrophe statistics in the first half of 2017, according to Munich RE. A total of six severe, large-scale thunderstorms were recorded, each causing billions of dollars of losses. … Source: Claims Journal
Professional liability claims and coverage is evolving, according to Steve Whelan, director of management/professional liability product development for ISO. With increasing cyberattacks, comes coverage for ransomware and even blended coverage with other lines. Among other trends, healthcare claims are expected … Source: Claims Journal
Ford is fighting the latest expansion of the Takata airbag inflator recall. Earlier this month, Takata filed documents with the U.S. government adding 2.7 million vehicles to the recall from Ford, Nissan and Mazda. All have inflators with a drying … Source: Claims Journal
In September 2013, severe storms struck Colorado with prolonged, heavy rainfall, resulting in at least nine deaths, 1,800 evacuations and 900 homes destroyed or damaged. The eight-day storm dumped more than 17 inches of rain, causing the Platte River to … Source: Claims Journal
The mother of a teenager who disappeared with his friend while boating in the Atlantic Ocean filed suit Friday against the other boy’s parents and grandfather, alleging they should have prevented them from taking an ill-equipped boat out to sea. … Source: Claims Journal
When Moon Yun Pellerin’s parents bought a 27th-floor apartment in a high-rise overlooking Waikiki about 15 years ago, they didn’t realize the wave-shaped building had no fire sprinklers. “We didn’t even consider it,” Pellerin said. But a week after a … Source: Claims Journal
New Mexico’s top insurance regulator said Thursday he would not put a freeze on insurance provider payments to investors and parent companies while auditors investigate how much the state is owed in unpaid premium taxes. New Mexico Insurance Superintendent John … Source: Claims Journal
Citing new AAA Foundation for Traffic Safety research about teens and distracted driving, The California Department of Insurance (CDI), AAA Northern California, Nevada and Utah (AAA NCNU), California Highway Patrol (CHP), CSAA Insurance Group, and the ACIC, the California voice … Source: Claims Journal
In 2015, the U.S. Bureau of Labor Statistics reported that 2.9 million non-fatal workplace accidents occurred that year. Of this, over 50 percent of the injured workers experienced time lost from work. A number this large obviously eats into a … Source: Claims Journal
It may be reprehensible and morally outrageous, but legal experts say a group of Florida teens had no obligation to rescue a drowning disabled man they instead mocked, laughed at and recorded on a video that was later posted online. … Source: Claims Journal