News
Cargo shipments of the rechargeable lithium batteries used in countless consumer products should no longer be allowed on passenger planes because they can create intense fires capable of destroying an aircraft, a U.N. aviation agency has concluded. The decision late … Source: Claims Journal
A service to commemorate the fifth anniversary of a deadly earthquake in the New Zealand city of Christchurch turned ugly Monday when someone threw goop over the government minister responsible for quake recovery efforts. Hundreds of people attended the botanical … Source: Claims Journal
Lumber Liquidators Holdings Inc. flooring, tested for formaldehyde, was found to have a three times higher risk of causing cancer than previously stated, U.S. regulators said in reversing their own finding from earlier this month. A report released Feb. 10 used … Source: Claims Journal
Under Florida law, a party seeking reimbursement of Personal Injury Protection (PIP) benefits must formally demand payment by the insurer before filing a lawsuit. Specifically, Florida Statute 627.736(10), in conjunction with other parts of the No Fault Law, outlines the … Source: Claims Journal
An inspection conducted on the boilers of a ship before it sank in a hurricane last fall found parts that had “deteriorated severely” or needed to be replaced, but company engineers believed it was still safe enough to set sail, … Source: Claims Journal
State Auto Financial Corp. ended 2015 with a steep drop in net income and a combined ratio that landed well above 100. Executives blamed a bad year for the insurer’s auto lines but added that they’ve taken corrective steps. Net … Source: Claims Journal
It appears Google Compare’s grand experiment in online comparison shopping for auto insurance is dead – for now at least. Insurance Journal has learned that two of Google Compare’s major partners were told yesterday that the giant tech firm is shutting … Source: Claims Journal
A new, first-of-its-kind study of claims made to asbestos bankruptcy trusts shows widespread inconsistencies in the information single asbestos plaintiffs provide to the different trusts. These trusts currently hold over $30 billion in assets. Despite these “red flags” and the … Source: Claims Journal
When it comes to getting people to participate in workplace weight loss programs, financial rewards may not be much of an incentive. Penalties, on the other hand, work great. For three months, 281 employees at the University of Pennsylvania participated in a step … Source: Claims Journal
Toyota Motor Corp. is recalling about 2.87 million sport utility vehicles worldwide after rear seatbelts separated in one fatal accident in Canada and during a crash that injured a passenger in the U.S. The automaker has been unable to confirm … Source: Claims Journal