Verisk Analytics estimates that personal lines automobile insurers face at least a $29 billion annual problem from premium leakage—omitted or misstated underwriting information that leads to inaccurate rates. According to the Verisk report, sources of personal auto premium leakage in … Source: Claims Journal

New Yorkers just got a lesson on how notoriously difficult it is to predict the severity of an East Coast snow storm. All it takes is a wobble in a low-pressure system’s trajectory or a sudden shove of warm air … Source: Claims Journal

Older drivers are increasingly comfortable with and recognize the benefits of active safety technology, but they are still reluctant to relinquish total control to an autonomous vehicle, according to a nationwide survey by Munich Re, US of drivers age 65 … Source: Claims Journal

The annual auto insurance fee Michigan drivers pay toward caring for people catastrophically injured in crashes is rising to $170, a $10 increase. The Michigan Catastrophic Claims Association announced Monday the new per-car assessment for the 12 months starting July … Source: Claims Journal

Floods a year ago took everything from Vivian resident Gwen Smith. “I lost my home completely,” she said. Before the flood hit on March 9, 2016, Smith had lived most of her adult life in the mobile home. For two … Source: Claims Journal

Intel will buy Israel’s Mobileye in a deal valued at about $15 billion, instantly propelling the computer chip and technology giant to the forefront of autonomous vehicle technology. The deal announced Monday combines Mobileye’s market-leading software that processes information from … Source: Claims Journal

Residents and tourists were unprepared for a devastating wildfire that whipped through Gatlinburg, Tenn., last fall. Winds topping 87 miles per hour fanned the flames that began in the Smoky Mountains and quickly spread through the mountain town, destroying homes … Source: Claims Journal

A year ago, the U.S. government was campaigning for an international ban on shipments of rechargeable batteries on passenger planes because the batteries can self-ignite, creating intense fires capable of destroying an airliner. “The risk is immediate and urgent,” Angela … Source: Claims Journal

Several cities are cleaning up after a massive winter storm dumped several inches of snow across a wide swath of the Midwest. More than 10 inches of snow fell in Minnesota, Iowa and Wisconsin. Now, according to the National Weather … Source: Claims Journal

Visitors to the Lake Mead National Recreation Area enjoy ample sunshine and miles of open water but also have a 1-in-307,000 chance of dying, according to a popular outdoor publication that ranks it as America’s deadliest national park, an outdoor … Source: Claims Journal