Archive for August 2015

Two explosions in the Chinese port of Tianjin last week that killed more than 100 people could generate total insurance losses of $1 billion to $1.5 billion, Credit Suisse analysts said, citing initial estimates based on Chinese media reports. Tianjin, … The post Insured Losses From China Blast Estimates May Hit $1.5B appeared first on…

A judge has ruled the Minnesota Department of Transportation and its engineer have immunity from a lawsuit stemming from the death of a former Minnesota State University football player. Fred Statz, 25, collided with a semi-truck at a Waseca intersection … The post Judge Rules Immunity Applies to State, Engineer in Minnesota Crash Suit appeared…

Authorities pulled more bodies from a massive blast site in the Chinese port of Tianjin, pushing the death toll to 112 on Sunday as teams scrambled to clear dangerous chemical contamination. More than 700 people were injured and 95 people, … The post Death Toll Climbs as China Blocks Blast Zone Over Contamination Fear appeared…

Corporate Finance Associates, an international investment banking firm providing merger, acquisition and financial advisory services, announced that it was the exclusive advisor to Eagle Adjusting Services, Inc., a full service property and casualty claims adjusting company, in its sale to … The post Claims Management Holdings Acquires Eagle Adjusting Services appeared first on Claims Journal.…

Thousands of cars from a host of manufacturers have spent years at risk of electronic car- hacking, according to expert research that Volkswagen has spent two years trying to suppress in the courts. “Keyless” car theft, which sees hackers target … The post VW Security Flaw Targeted by Luxury Auto Thieves appeared first on Claims…

Last week, the National Transportation Safety Board cited a Walmart truck driver’s fatigue as the chief cause of a crash on the N.J. Turnpike last year that killed one man and seriously injured four others, including comedian Tracy Morgan. “The … The post The Dangers of Drowsy Driving appeared first on Claims Journal. Source: Claims…

The rate of cycling deaths among American children under the age of 15 has fallen 92 percent since 1975. That doesn’t mean the roads are safer—it may just mean kids are riding bikes less. The Centers for Disease Control reported … The post Cycling Deaths Among Kids Declined 92% in Last 40 Years appeared first…

A federal appeals court has decided that last month’s upholding of a jury’s insurance fraud ruling will stand, allowing whistleblowers who sued State Farm Fire and Casualty Co. to seek more evidence of fraud after 2005’s Hurricane Katrina. The Sun … The post Rehearing Request Denied in State Farm Katrina Fraud Case appeared first on…

York Risk Services Group, a provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, announced that Michael Krawitz joined the company as senior vice president and general counsel. In this role, … The post Krawitz Joins York Risk Services Group as General Counsel appeared first on…

On June 22, 2015 the California Court of Appeal for the Fourth Appellate District carefully applied tort law doctrines regarding negligence, causation, and damages, and specifically explained for uninsured accident victims some of the rules governing the measure and evidence … The post California Court Clarifies Measure of Medical Damages Involving Uninsured Accident Victims appeared…