Archive for December 2015

Metrics drives decision-making, according to 72 percent of insurance staff handling litigated claims that responded to a recent survey by LexisNexis. Survey respondents of the 94 U.S. property/casualty insurers ranged from staff counsel to vice president of claims and reported … Source: Claims Journal

American International Group, Inc. announced the formation of a new Executive Leadership Team, designed to execute the company’s strategic priorities and provide value to its approximately 90 million clients around the world. “Our new management structure will ensure we have … Source: Claims Journal

Toyota Motor Corp., Honda Motor Co. and Volkswagen AG had the most models rated among the safest U.S. vehicles in a year-end review by the Insurance Institute for Highway Safety. Toyota led the industry with nine models on the institute’s list, … Source: Claims Journal

General Motors Co. paid less than $600 million to settle claims by victims of its flawed ignition switches, a slightly smaller sum than what the automaker told investors it expected to pay, after a 20-month-long compensation process led by Kenneth … Source: Claims Journal

Boston College said Tuesday the number of students complaining of gastrointestinal symptoms after eating at a Chipotle this weekend has climbed to 80, up from the 30 it reported the previous day. The illnesses come as Chipotle’s sales are already … Source: Claims Journal

A jury will hear arguments in a wrongful death lawsuit filed by the parents of a 16-year-old German exchange student who fell head first into a pocket of loose snow while skiing at Whitefish Mountain Resort, a federal judge has … Source: Claims Journal

The majority of Indiana companies that responded to a survey tied to the state’s growing woes with prescription medication abuse say their businesses are being affected by workplace abuse or misuse of those drugs, according to findings released Monday. About … Source: Claims Journal

Farmers packed the Statehouse on Monday to beg Gov. Nikki Haley to ask Congress for money to offset their estimated $376 million in losses from last month’s historic flooding. But the Republican governor is unwavering in her refusal. Farmers should … Source: Claims Journal

By 2025, 104 million new cars are expected to have some form of connectivity, according to a report on telematics by Ernst & Young. Because customers have more control, telematics offers the potential for better risk management and more consumer … Source: Claims Journal

Insurers are accelerating plans to become more digital, driven by increased adoption of Internet of Things technologies (IoT), data and analytics tools and digital-first distribution models, according to an Accenture report based on an online survey of more than 400 … Source: Claims Journal