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Business News: Insurity, Coventry, Acrometis, Genex

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Insurity Acquires Valen Analytics Insurity, Inc., a provider of core insurance processing and data integration and analytics solutions, announced its acquisition of Valen Analytics. Founded in 2004, Valen is a provider of proprietary data, analytics and predictive modeling for P/C … Source: Claims Journal

Several Western Onion Storage Buildings Collapse Causing $100M in Damage

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Heavy snow has caused dozens of onion storage sheds in eastern Oregon and Idaho to collapse, resulting in as much as $100 million in damage. About 50 onion buildings collapsed under the weight of up to 40 inches of snow, … Source: Claims Journal

Drought-Plagued Oklahoma Placed Under Rare National Fire Advisory

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Oklahoma has been placed under a national fire advisory as much of the state struggles with unrelenting drought and tinder-dry vegetation capable of igniting and quickly spreading out of control, state forestry officials said Wednesday. The rare advisory – and … Source: Claims Journal

Data Shows Less Human Help Needed by Self-Driving Car Prototypes

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Self-driving car prototypes appear to be getting better at negotiating California streets and highways without a human backup driver intervening, according to data made public Wednesday by California transportation regulators. The data reflect safety-related incidents reported by 11 companies that … Source: Claims Journal

VW Will Pay $1.2B or More to U.S. Big Diesel Owners

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Volkswagen has agreed to pay at least $1.2 billion in buybacks and compensation to settle claims from U.S. owners of cars with larger diesel engines that the company rigged to cheat on emissions tests. And the German automaker could pay … Source: Claims Journal

South Carolina Widow’s Suit Places Blame on Feds for Husband’s Flooding Death

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The widow of a man who drowned in South Carolina’s historic 2015 flooding is suing the federal government over a dam that failed on an Army base near Columbia. Filed in federal court in late December, Lois McCarty’s lawsuit seeks … Source: Claims Journal

AIG: Trust Critical in Employee Data Sharing With Companies

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Companies need to accept tradeoffs to foster “digital trust” with employees if they want to gather the workplace data necessary to realize the full economic and competitive benefits of the Internet of Things (IoT) and the sharing economy, according to … Source: Claims Journal

Philadelphia Building Owner, Charity Liable for Deadly Building Collapse

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A jury has found the Salvation Army, an adjacent building owner and other defendants liable for a Philadelphia, Pa., building collapse that killed six people inside the charity’s thrift store. Thirteen others were buried in rubble but survived when a … Source: Claims Journal

Who Will Pay for San Francisco’s $750M Sinking Luxury Tower?

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Nina Agabian, a retired director of research in global health science at the University of California, bought a 29th-floor apartment in San Francisco’s Millennium Tower in 2010. “It was supposed to be a wonderful building,” she said in January, sitting … Source: Claims Journal

Luxury Electric Cars Fall Short of Top Crash Test Safety Rating

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Two luxury electric vehicles – the Tesla Model S and the BMW i3 – fell short of getting the highest safety ratings in new crash tests by the insurance industry. The Insurance Institute for Highway Safety tested 2017 models of … Source: Claims Journal