Archive for October 2015
Spirits Spirited Away Covered by Insurance Despite Policy Exclusions
Travelers insured Warehouse Wine & Spirits, Inc. against risks of direct physical loss, including theft, with certain exceptions. One James Ceseretti stole more than $1 million worth of wine and liquor while he ran a warehouse for Warehouse Wines, where … Source: Claims Journal
Read MoreFlooding Risk Rises for East Coast as Waters Recede in South Carolina and Georgia
According to catastrophe risk modeling firm, RMS, persistent onshore winds coupled with monthly spring tides led to higher than predicted tides and coastal flooding across parts of South Carolina and Georgia this week causing localized property damage. Commenting on the … Source: Claims Journal
Read MoreHomeCare Connect Names Kasmir CFO
Gail Kasmir, CPA, CGMA has joined HomeCare Connect as its chief financial officer. The Maitland, Fla.-based company provides national home health services, medical equipment and home modifications in the workers’ compensation industry. Kasmir has worked with HomeCare Connect on an … Source: Claims Journal
Read More3 Years Later, New Jersey Sandy Protesters Blast Governor
Some victims of Superstorm Sandy said they feel New Jersey Gov. Chris Christie has forgotten about them in his pursuit of the presidency. About a dozen protesters pitched tents and tried to camp out across from the Statehouse in Trenton … Source: Claims Journal
Read MoreNTSB Says Recall System for Faulty Tires is ‘Broken’
Only about 1 in 5 defective tires is being removed from the road through the safety recall process, a federal accident investigations board said Tuesday. The recall system is “broken” because manufacturers are unable to contact most tire owners to … Source: Claims Journal
Read MoreTime-Tested Weather Balloons Best Technology When it Comes to Storm Tracking Accuracy
When the latest computer forecast models couldn’t figure out where major Hurricane Joaquin was headed earlier this month, the National Weather Service ordered extra launches of one of its oldest tools – the weather balloon. Twice a day, in what … Source: Claims Journal
Read MoreHiscox Outlines Top States, Issues for Employee Lawsuits Against Businesses
U.S.-based small and medium sized businesses face an almost 12 percent chance that they it will be hit with an employment claim, with their chances much higher in certain states. A new study of employee charge trends by global specialty … Source: Claims Journal
Read MoreSandy’s Third Anniversary a Sobering Reminder of Coastal Vulnerability
It’s been three years since Superstorm Sandy, regarded as a one in 500 year event, struck a dozen states in the Northeast. The storm’s size, a 1000 mild wide wind field, and record-breaking low pressure devastated parts of the Eastern … Source: Claims Journal
Read MoreU.S. Cat Adjusters Names Cornett Director of Marketing
U.S. Cat Adjusters, LLC, a claims firm covering the Texas, Lousiana and Florida markets announced the appointment of Greg Cornett as director of Marketing. Cornett will be responsible for U.S. Cat Adjusters’ market expansion strategy and execution and will lead … Source: Claims Journal
Read MoreOil Leak Fire Risk Not Fixed, Leads to GM Recall of 1.4M Cars
For the third time in seven years, General Motors is recalling cars that can leak oil and catch fire, in some instances damaging garages and homes. The recall, which covers 1.4 million vehicles dating to the 1997 model year, is … Source: Claims Journal
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