Archive for June 2016

A 30-year-old self-insurance pool has been paying off well for North Dakota political subdivisions, despite large claim losses in 2015. “It’s worked extremely well,” said Steve Spilde, chief executive officer of the North Dakota Insurance Reserve Fund. “We instituted a … Source: Claims Journal

Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of thieves, The Home Depot Inc. says in a new federal lawsuit. It’s the latest giant retailer to raise the security concerns, with a … Source: Claims Journal

Repeated serious safety violations have resulted in a serious workplace injury and in a large fine for a potato processer in Warden, Wash. Washington Potato Company was cited for five repeat-serious and three repeat-general violations, and an additional 15 serious … Source: Claims Journal

Researchers at the University of California, San Diego rocked and rattled a six-story steel frame building on a giant shake table Wednesday to see how the structure would withstand major earthquakes. The towering building jolted, shuddered and let out a … Source: Claims Journal

Global disasters lead to at least $7 billion in claims as insurers aid the recovery process following May wildfires, floods and storms, according to the latest Impact Forecasting report. Aon Benfield’s catastrophe model development team released the latest edition of … Source: Claims Journal

Clients can text their lawyers to double-check hearing times. Potential customers may message a dog breeder to find out the due date of the next litter. More and more, people who want to get in touch with small businesses are … Source: Claims Journal

Accidental overdoses aren’t the only deadly risk from using powerful prescription painkillers – the drugs may also contribute to heart-related deaths and other fatalities, new research suggests. Among more than 45,000 patients in the study, those using opioid painkillers had … Source: Claims Journal

A San Jose, Calif., home near a highway off-ramp is such a magnet for cars – with at least 19 vehicles landing on the property since 1960 – that its owner calls it a “landing strip.” Homeowner Ray Minter said … Source: Claims Journal

South Carolina Gov. Nikki Haley has vetoed a moped safety bill, saying it is government overreach to require reflective vests for nighttime driving and helmets for drivers under 21. People over 18 “should decide for themselves what they should wear … Source: Claims Journal

The American Law Institute (ALI) is the preeminent independent legal organization in the United States producing scholarly work in the legal field, including its “Restatement of the Law” treatises which are meant to inform practitioners on general principles of common … Source: Claims Journal