News
In Harlor v. Amica Mut. Ins. Co., 2016 ME 161, 150 A.3d. 798 (2016), the court held that when an insurance company breaches its duty to defend, the insurer has the burden of allocating settlements reached by its insured and … Source: Claims Journal
AXIS Insurance, a business segment of AXIS Capital Holdings Limited, announced the appointment of Meghan Anzelc, Ph.D., as vice president, Data and Analytics. In this new role, Dr. Anzelc, a trained physicist and data scientist, is responsible for implementing a … Source: Claims Journal
There are many ways for people to cope with loss, and for Beverly and George Savage, coping meant helping others in similar situations. “I had heard this saying, grief is love bottled up, and for me once you no longer … Source: Claims Journal
Reflecting a similar experience with vehicles, the National Insurance Crime Bureau’s (NICB) annual watercraft theft report shows a one percent increase in watercraft theft in 2016, reversing a multi-year downward trend. A total of 5,116 watercraft were reported stolen between … Source: Claims Journal
Tropical Storm Cindy has halted service at a major oil terminal in the Gulf of Mexico, prompted some evacuations at rigs and platforms and put states from Texas to Florida on notice for life-threatening floods. Cindy was 200 miles (322 … Source: Claims Journal
Florida’s state-created property insurer is going to raise its rates again. The board that oversees Citizens Property Insurance voted this week on a proposal to raise homeowner rates an average 5.3 percent and commercial accounts by an 8.4 percent average. … Source: Claims Journal
A bankruptcy filing by Japanese airbag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by its exploding airbag inflators, according to outside legal experts and lawyers suing the company. … Source: Claims Journal
Friends and family had gathered to celebrate the life of a Montana firefighter when the deck below their feet suddenly gave way, and they became the victims of the type of disaster to which he spent three decades responding. Nobody … Source: Claims Journal
A new study by a nonprofit science organization says oil and gas drilling in Texas is linked to pollution and earthquakes. The Academy of Medicine, Engineering and Science of Texas study found drilling for oil and gas in shale rock … Source: Claims Journal
Killer heat is getting worse, a new study shows. Deadly heat waves like the one now broiling the American West are bigger killers than previously thought and they are going to grow more frequent, according to a new comprehensive study … Source: Claims Journal