Archive for October 2015

What began in 2003 as a $40,000 repair to a yacht will cost Jones Boat Yard in Miami and the boat owner’s insurance company almost 12 times that amount. Twelve years after the loss, following a two-week jury trial, James … Source: Claims Journal

It’s common knowledge that driving with blood alcohol content higher than .08 violates the law. But with marijuana, things are a lot more hazy. As Vermont and other states consider following the lead of Colorado and Washington state in legalizing … Source: Claims Journal

Volkswagen AG will embark on one of the biggest recalls in European automotive history, affecting 8.5 million diesel vehicles, after German authorities threw out the carmaker’s proposal for voluntary repairs. The Federal Motor Transport Authority, or KBA, demanded a recall … Source: Claims Journal

The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess capital. Reinsurers and brokers … Source: Claims Journal

Sampson Pringle stood on the roof of his stalled truck on an unfamiliar road in the pouring rain. With water rising around him, he told his fiancee not to worry because he saw help coming. Two days later, after the … Source: Claims Journal

Atlanta-based Crawford & Company, a global independent provider of claims management solutions, has named Robert C. Welsh managing director and vice president for Crawford Global Technical Services (GTSSM). While leading the GTS East region, Welsh will use his varied and … Source: Claims Journal

The Obama administration is taking the first steps to require that buyers of drones register the unmanned aircraft with the government to combat a growing safety threat, according to a person familiar with the proposal. The U.S. Transportation Department will … Source: Claims Journal

Trees slowly buried by windblown sand are likely the root cause of dangerous holes that have appeared in a towering sand dune on the Indiana Dunes National Lakeshore. The South Bend Tribune reports that geologist Erin Argyilan believes pockets were … Source: Claims Journal

California is the latest state to pass a workers’ compensation drug formulary and other states are expected to follow suit. In a webinar presentation on State-Based Formularies earlier this month, Don Lipsy, manager of First Script PBM Regulatory Communications, said … Source: Claims Journal

Two weeks ago, South Carolina’s floods sent 6 feet of water into Walt Oliver’s home. Now, after volunteers helped gut the ruined plaster, carpeting, duct work and hardwood floors, it’s “down to studs and subfloors,” he said. Like most residents … Source: Claims Journal