Archive for March 2015

The global economic losses from natural disasters like earthquakes, floods, droughts and cyclones and have continued rising to reach an average of $250 billion to $300 billion annually, according to a U.N. report released Wednesday. The report, produced by the … Source: Claims Journal

Tennessee may soon have its own answer to an alternative workers’ compensation insurance option through new legislation by Republican lawmakers known as the Tennessee Employee Injury Benefit Alternative. Tennessee State Senator Mark Green and State Representative Jeremy Durham introduced Senate … Source: Claims Journal

Tim Lynch, government affairs director, for the National Insurance Crime Bureau, recently spoke to Claims Journal to discuss anti-fraud legislation in 2015. Although all is quiet on the federal level, there is significant activity among three key states. Minnesota has … Source: Claims Journal

A long anticipated El Nino has finally arrived. But for drought-struck California, it’s too little, too late, meteorologists say. The National Weather Service on Thursday proclaimed the phenomenon is now in place. It’s a warming of a certain patch of … Source: Claims Journal

“The devastation and damage to homes and businesses caused by tornadoes can and should be reduced by better construction methods,” said Dr. Tim Reinhold, chief engineer and senior vice president of research, Insurance Institute for Business & Home Safety (IBHS). … Source: Claims Journal

The Hartford has named Ray Sprague executive vice president, Personal Lines, effective immediately. Sprague will report to Doug Elliot, president of The Hartford. Most recently, Sprague was acting leader of Personal Lines and head of Strategy and Business Development for … Source: Claims Journal

ACE Group announced the appointment of Tim Scott-Young as Claims Director for its Continental Europe region in line with its continued focus on superior claims service. Relocating to Paris, Scott-Young will be responsible for delivering effective and customer-focused claims management … Source: Claims Journal

A heads-up to New York, Baltimore, Houston and Miami: a new study suggests that these metropolitan areas and others will increase their exposure to floods even in the absence of climate change, according to researchers from Texas A&M University. Published … Source: Claims Journal

West Virginia Gov. Earl Ray Tomblin signed House Bill 2002 into law to reform the state’s joint and several liability laws, according to Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR). The bill eradicates joint … Source: Claims Journal

A Milwaukee lawyer has been sentenced to house arrest for helping a client collect $325,000 in an arson fraud. The Milwaukee Journal Sentinel reports 62-year-old Harvey Goldstein will spend six months of home confinement as part of a one-year probation … Source: Claims Journal