Archive for August 2015

Wild weather has become more common with climate change, the experts say, and homeowners can prepare for natural disasters by making home inventories – detailed lists of household belongings and their approximate value. Making a home inventory can be easy; … The post Industry Experts Tout Value of Home Inventories appeared first on Claims Journal.…

Fiat Chrysler Automobiles NV waited 18 months to tell federal safety regulators about a security flaw in radios being installed in more than a million vehicles that hackers exploited last month to seize control of a Jeep. The automaker says … The post Fiat Chrysler Didn’t Notify Regulators About Hack Risk for 18 Months appeared…

Most midsize businesses have business continuity plans but few have tested them, according to The Hartford’s survey of midsize business owners and C-level executives. This shortcoming presents potential risk for businesses, which may be unable to meet client needs due … The post Few Midsize Business Continuity Plans Have Been Tested appeared first on Claims…

Munich Reinsurance America, Inc. announces a new personal lines inland flood insurance product designed to provide more options for homeowners in low-to-moderate-hazard flood zones. According to the National Flood Insurance Program (NFIP), flood is the most common natural disaster in … The post Munich Re Announces New Inland Flood Insurance Product for Homeowners appeared first…

Approximately 12 to 14 percent of all accidents result in a total loss, a number which has been trending upward since 2002. Insurance companies faced with first party claims on policies are responsible for paying the actual cash value or … The post Recovery of Sales Tax After Vehicle Total Loss appeared first on Claims…

W. R. Berkley Corporation’s Board of Directors announced that the Company’s founder and its current chairman and chief executive officer, William R. Berkley, will become executive chairman on October 31, 2015. At that time, W. Robert Berkley, Jr. will assume … The post W. R. Berkley Corporation Continues Succession Plan appeared first on Claims Journal.…

Police in four Roanoke Valley localities have proposed adopting a Canadian method of reporting car crashes that reduces police involvement. The Roanoke Times reports that if the governments of Roanoke, Salem, Roanoke County and Vinton approve the one-year test program, … The post Virginia Localities Consider First in the Nation Crash Reporting Center appeared first…

Verisk Insurance Solutions, a source of information about property/casualty insurance risk, launched the ISO ClaimSearch mobile application, now available on iTunes and Google Play. The new app will allow users to securely access the Claims Inquiry function on ISO ClaimSearch … The post Verisk Launches ISO ClaimSearch Mobile App appeared first on Claims Journal. Source:…

Theft and vandalism is the leading cause of non-collision auto claims in the summer, according to the latest Seasonal Smarts Digest from Farmers Insurance. Among Farmers Insurance customers during the two year period of 2013 and 2014, almost 30 percent … The post Farmers: Rising Temps Leads to More Auto Thefts and Vandalism appeared first…

Catastrophe modeling, advances in mitigation as well as building design changes are just a few of the areas impacted by Hurricane Katrina nearly 10 years ago, according to Rick Miller, U.S. property practice leader at Aon Risk Solutions. Miller spoke … The post Katrina’s Impact on Commercial Property Insurance appeared first on Claims Journal. Source:…