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
Read MoreStricter 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
Read MoreRisk 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
Read MoreFarmers 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
Read MoreWestern 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
Read MoreDetectives, Social Media Being Used to Alert Drivers of Auto Safety Defects
The 63,000 spectators crowded in late January inside Atlanta’s Georgia Dome for a battle of college marching bands didn’t know they’d also be schooled in auto safety. Between the Lincoln University Orange Crush Roaring Lions and the Bethune Cookman Marching Wildcats, event … Source: Claims Journal
Read MoreAdditional Parts of New Oklahoma Workers’ Comp Law Expected to be Set Aside
Two key provisions of the Republican-led overhaul of Oklahoma’s workers’ compensation law in 2013 have been shot down in recent weeks as unconstitutional, and a trial attorney who opposes key aspects of the law says he expects more of the … Source: Claims Journal
Read MoreNew 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
Read MoreJury 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
Read MoreStudy Finds Hospitals Skirt Penalties When Patients Get Sick Due to Lax Reporting
For years now, health care reformers have been pushing hospitals to do what should be obvious: protect patients from hospital-bred infections that make them sicker than they already are. The U.S. Centers for Disease Control estimates that about 4 percent … Source: Claims Journal
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