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Archive for March 2016

AIG CEO Frees Up Capital With Swiss Re Risk-Share Deal

American International Group Inc., the insurer stung by losses on higher-than-expected claims costs, said Swiss Re AG has agreed to take on some of the company’s risks tied to casualty policies. The two-year reinsurance deal will help AIG be more … Source: Claims Journal

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Stricter Rules Proposed for Drone Users in Senate Bill

All U.S. drone operators would for the first time have to prove they understand aviation regulations under broad legislation introduced Wednesday in the Senate. A bill setting policy for the Federal Aviation Administration includes several new drone provisions, including a … Source: Claims Journal

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Risk of Being in an Avalanche Drops in Groups of 2 or Less

Avalanches are the primary hazard for winter backcountry recreationists and cause numerous deaths and injuries annually. As winter backcountry activities increase in popularity, avalanches are a very real risk for adventurers who choose to travel off the beaten path. A … Source: Claims Journal

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Farmers Data Outlines Hazards Related to Spring Weather

The start of spring means it’s the season for wet and often wicked weather, which can be unpredictable and may include sudden, severe and damaging hail storms that homeowners must endure, according to the Farmers Insurance Seasonal Smarts Digest. Farmers … Source: Claims Journal

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Western Oklahoma Escapes Wildfires Despite Dry Heat

An Oklahoma forestry official said Monday that the western part of the state “dodged a bullet” when no wildfires developed despite conditions described as “critical fire weather” by the National Weather Service. Conditions were definitely ripe for wildfire in western … Source: Claims Journal

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New Data Shows Pedestrian Deaths Surged in 2015

Pedestrian deaths surged by an estimated 10 percent last year as the economy improved, the price of gas plunged and motorists put more miles behind the wheel than ever before, according to an analysis of preliminary state traffic fatality data. … Source: Claims Journal

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Jury Awards $55M in Erin Andrews Nude Video Lawsuit

A jury awarded Erin Andrews $55 million in her lawsuit against a stalker who bought a hotel room next to her and secretly recorded a nude video, finding that the hotel companies and the stalker shared in the blame. After … Source: Claims Journal

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