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Nest Focuses on Adding Facial Recognition to Home Security Cameras

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Nest Labs is adding Google’s facial recognition technology to a high-resolution home-security camera, offering a glimpse of a future in which increasingly intelligent, internet-connected computers can see and understand what’s going on in people’s homes. The Nest Cam IQ, unveiled … Source: Claims Journal

Above Normal Atlantic Hurricane Season Predicted This Year

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Forecasters at NOAA’s Climate Prediction Center say the Atlantic could see another above-normal hurricane season this year. For the upcoming Atlantic hurricane season, which runs from June 1 through November 30, forecasters predict a 45 percent chance of an above-normal … Source: Claims Journal

CoreLogic: 6.9M Homes at Risk for Hurricane Storm Surge Damage in 2017

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Nearly 6.9 million homes along the Atlantic and Gulf coasts are at potential risk of damage from hurricane storm surge inundation with a total reconstruction cost value (RCV) of more than $1.5 trillion (Table 1), according to the 2017 Storm … Source: Claims Journal

Building Code Adoption, Enforcement Critical to Reducing Losses

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When building codes are adopted and enforced, there is a substantial reduction in loss, according to Christopher Miller, technical director for ISO’s Building Code Effectiveness Grading Schedule (BCEGS). During an audio interview with Claims Journal, Miller explained that it’s not … Source: Claims Journal

Imputed Contributory Negligence: Maximizing Auto Property Subrogation When Permissive User Driving

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Effective auto property subrogation may seem simple, but it often requires a thorough understanding of some of the more confusing legal concepts known to American civil jurisprudence. When your insured (owner of a vehicle) entrusts his or her vehicle to … Source: Claims Journal

People News: MEMIC, TrueMotion, Chubb

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MEMIC names Bourque as next President/CEO Michael P. Bourque has been named president and CEO of The MEMIC Group to replace John T. Leonard who is retiring later this year. Bourque, who has worked for the company for nearly 22 … Source: Claims Journal

High Court Limits Where Injury Lawsuits Against Firms Can Be Filed

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The U.S. Supreme Court on Tuesday tightened rules on where injury lawsuits may be filed, handing a victory to corporations by undercutting the ability of plaintiffs to bring claims in friendly courts in a case involving Texas-based BNSF Railway Co. … Source: Claims Journal

Business News: Smooth Waters, Swiss Re Capital Markets, Willis Towers Watson

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RSG Underwriting Managers (RSGUM) announced the formation of Smooth Waters, LLC, an independent marine insurance consultancy and claims adjusting company and part of RSGUM’s growing Marine Practice. Smooth Waters, LLC serves as a consulting and claims adjusting company for the … Source: Claims Journal

PCI: 9 States Enact Tougher Distracted Driving Laws in 2017

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As auto accidents and fatalities increase on America’s roads, 9 states enacted laws and three states have legislation on the governor’s desk to combat distracted driving by strengthening enforcement, increasing penalties and fines, and focusing on education and awareness efforts … Source: Claims Journal

Update: Insurers Sound Alarm Over Liability Law Restatement; Vote Delayed

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Liability insurers, their lawyers and their regulators are holding their collective breath that a scheduled vote this week on a proposed restatement of law regarding liability insurance will not happen. If approved, the controversial restatement would give policyholders more clout … Source: Claims Journal