New data derived from technology innovation is just one of the many reasons insurers are considering the daunting task of implementing new claims systems. A number of recent industry reports indicate that insurance IT spending is expected to increase. Late … The post Influx of Data Creates Legacy System Conundrum appeared first on Claims Journal.…

Last month, administrators at the Boston Public Library discovered that a $600,000 engraving by Dürer and a $30,000 etching by Rembrandt had gone missing. It set off a media firestorm, the director of the museum resigned, and then … a … The post What Happens to Stolen Art After a Heist? appeared first on Claims…

Acura has recalled two models because the automatic emergency braking systems can malfunction and put the vehicles at risk of a collision. The recall involves just under 48,000 MDX SUVs and RLX sedans worldwide from the 2014 and 2015 model … The post Acura Recalls MDX, RLX for Glitch in Automatic Braking System appeared first…

Crews mobilizing to fight a new fire in southwestern Oregon face a danger left over from a major fire 13 years ago: dead, standing trees that could fall on them. Those dead trees are called snags, always a danger for … The post Oregon Fire Crews at Risk From Forest of Dead Trees appeared first…

Jim Sterling didn’t know what had hit his 156-year-old antebellum home when an earthquake struck Alabama’s old plantation region early one morning last November. Startled, he grabbed a gun and ran outdoors. In the pre-dawn chill, Sterling said, he found … The post Questions Surround Swarm of Earthquakes Rattling Rural Alabama appeared first on Claims…

Georgia will spend $10 million to add officers to the state law-enforcement division focused on watching and inspecting commercial trucks, Gov. Deal announced Thursday along a stretch of interstate where tractor-trailers recently caused a pair of crashes that killed 10 … The post Georgia Plans to Spend $10M on Commercial Truck Safety Effort appeared first…

U.S. regulators have confirmed that an airbag made by Takata Corp. was involved in the April death of a woman in Louisiana, connecting the defective airbags to a seventh fatality. The National Highway Traffic Safety Administration said it examined the … The post Another Death Linked to Defective Takata Airbags appeared first on Claims Journal.…

When a Utica, Ill., neighborhood was recently hit by a large fire, a local restoration company responded quickly to restore multiple businesses. Dana Jennings, owner of Rainbow International of The Illinois Valley, said his team was called in as soon … The post Illinois Businesses Pick Up Pieces After Large Fire appeared first on Claims…

The state’s Insurance Division issued a statement this week advising Big Island residents that the Hawaii Property Insurance Association (HPIA) is now accepting all new business applications and coverage increase requests. “This is an opportunity to safeguard against unexpected property … The post Hawaii Homes at High Risk for Lava Flows Can Now Get Insurance…

Storms moving through multiple states at the end of May including Texas, Oklahoma, Kansas and Arkansas, have resulted in more than 9,000 claims already filed across multiple states for Farmers Insurance. Since the storms struck, Farmers Insurance specialized catastrophe adjusters … The post Farmers Reports May Storms Result in Estimated $80M in Claims Losses appeared…