Archive for May 2016

Allstate can go ahead raise auto insurance rates for Georgia drivers later this month because a state review of the planned increase won’t be done in time to stop the higher rates from taking effect, state regulators said. State Insurance … Source: Claims Journal

Former Massey Energy CEO Donald Blankenship is headed to prison even as he appeals his conviction for conspiring to flout mine-safety laws in connection with the worst U.S. coal industry disaster in almost 40 years. The federal appeals court in … Source: Claims Journal

Glenn Renwick, president and chief executive officer,  will retire after more than 15 years as CEO and almost 30 years with the company, effective July 1, 2016. The Progressive Corp. announced that Tricia Griffith, currently Personal Lines chief operating officer, will … Source: Claims Journal

A new poll says more than 40 percent of America’s baby boomers stayed with their employer for more than 20 years. But it’s unlikely that their children or grandchildren will experience the same job tenure. The survey of more than … Source: Claims Journal

Donnovan Hill, the California teenager whose paralyzing football injury led to increased safety protections for young players after he sued a youth league, has died, a lawyer for his family said Thursday. Hill died Wednesday at an Orange County hospital … Source: Claims Journal

When a settlement is reached in a personal injury lawsuit, a written settlement agreement is prepared, and, if medical expenses for the injured party have been paid by Medicare, a Medicare Set-Aside Account (MSA) may be created to reimburse Medicare … Source: Claims Journal

Uber Technologies Inc. fired back at taxi operators accusing it of lying about superior safety, telling a judge the cab companies “fabricated” a customer endorsement with a photo of MySpace’s co-founder and can’t be trusted. Uber said several Los Angeles-area … Source: Claims Journal

While much has been made about the dangers of texting and driving, less attention has been focused on the age-old distractions of being absent minded or upset while driving. A team of researchers from the University of Houston (UH) and … Source: Claims Journal

Assignment of benefits, aggressive contractors and cargo theft were the primary focus of legislation in a number of states this year, according to Alan Haskins, director of government affairs for the National Insurance Crime Bureau. In a podcast interview with … Source: Claims Journal

The cost of dog bite claims for U.S. insurers climbed 16 percent last year on higher medical expenses and larger settlements to resolve court disputes. The average claim increased to $37,214 in 2015 from $32,072 a year earlier, according to … Source: Claims Journal