Archive for May 2015

West Virginia has received approval for federal disaster assistance in 12 counties to help recovery efforts from severe storms in early April. Gov. Earl Ray Tomblin announced Monday the available assistance for state and local governments in Braxton, Brooke, Doddridge, … The post West Virginia Will Get Federal Disaster Aid for April Storms appeared first…

Boston-based Berkshire Hathaway Specialty Insurance named Paul Emerson as head of Liability Claims in Canada. Emerson comes to BHSI from the law firm of Clyde & Co Canada LLP. At Clyde & Co, Emerson specialized in coverage advice and litigation, … The post Berkshire Hathaway Specialty Appoints Emerson to Lead Liability Claims in Canada appeared…

The Connecticut Supreme Court this week upheld a lower court’s ruling that Federal Insurance Co. and Scottsdale Insurance Co. are not required to defend or indemnify the insureds for the loss of computer tapes that exposed personal information of some … The post Connecticut Court Denies Personal Injury Claim in IBM’s Loss of Computer Tapes…

BP Plc has settled with oilfield services provider Halliburton Co. and contract driller Transocean Ltd. cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. history. BP still faces a potential fine of … The post BP Settles Gulf Oil Spill Cross Claims with Transocean, Halliburton appeared first…

Takata Corp’s record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata. After doubling its recall of defective … The post Lack of Air Bag Replacement Parts to Prolong Takata Recall appeared first…

Cyber risks, medical cost inflation, and legal liability are among the top concerns for American businesses of all sizes, according to results from the second annual Travelers Business Risk Index. The survey polled more than 1,200 business decision makers across … The post Latest Travelers Business Risk Index Reveals Increased Worries About Cyber Threats appeared…

Even as the U.S. questioned a computer researcher’s claims of tampering with a jetliner in flight, his account spotlighted possible cybersecurity risks in commercial aviation. The consultant told the Federal Bureau of Investigation that he hacked into in-flight networks more … The post Hacker’s Claims Spotlight Vulnerabilities of Jetliners’ Systems appeared first on Claims Journal.…

A $10.1 billion verdict against Philip Morris USA over misleading consumers about the safety of “light” cigarettes should be overturned, lawyers for the company argued in the Illinois Supreme Court on Tuesday. The award was first made in 2003 for … The post Tobacco Company Urges Illinois Court to Drop $10B Smokers’ Verdict appeared first…

Water, wind and hail lead the race for main causes of loss to homes in the second quarter of the year according to the Farmers Insurance Seasonal Smarts Digest. April, May and June are months known for their severe weather, … The post Farmers Reports 52% Jump in Q2 Homeowners Claims Due to Spring Storms…

U.S. auto sales may drop about 40 percent in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays Plc analyst said. Vehicle ownership … The post Barclay Says Driverless Cars May Cut U.S. Auto Sales by 40% appeared…