Archive for July 2016

Technology investments to support data initiatives are increasingly important as commercial lines insurers look to leverage data from a wider variety of sources. According to a new report released by Novarica, predictive analytics, third-party data and multidimensional data are being … Source: Claims Journal

The City of Chicago Office of Inspector General (OIG) released an advisory identifying the absence of a comprehensive risk management program in Chicago and highlighting the substantial operational and fiscal benefits of implementing such a program. Based on the limited … Source: Claims Journal

Trucking insurers issuing motor carrier policies which contain MCS-90 Endorsements may be overlooking significant subrogation and recovery opportunities. MCS-90 subrogation is a fascinating and under-utilized means of recovery that can significantly increase an insurance carrier’s bottom line. Understanding the history … Source: Claims Journal

The federal government sued a homeowner for nearly $25 million on Thursday, contending his negligence sparked a 2013 fire in the mountains east of Los Angeles that forced 5,000 people from their homes. The lawsuit contends that a short in … Source: Claims Journal

DRN Offers Vehicle Search Feature to Carriers Texas-based Digital Recognition Network (DRN), a provider of vehicle location data and insights, now enables access of over 4 billion vehicle sightings. Through Event Links, insurance carriers can access the pictures functionality, for … Source: Claims Journal

Another chairlift has failed at a ski resort in Maine – the third time in six years – but no one was hurt because it happened in the summer when the lift was not in operation, officials said Wednesday. The … Source: Claims Journal

Oil giant BP PLC has put a final price tag on what its catastrophic Gulf of Mexico oil spill cost the company, and it’s a hefty sum: $61.6 billion. The company issued the estimate Thursday, the first time it has … Source: Claims Journal

Examinations under oath (EUO) help insurers combat fraud and should be allowed without requiring time-consuming court orders in Kentucky, the Coalition Against Insurance Fraud and National Insurance Crime Bureau (NICB) said in a joint amicus brief filed last week with … Source: Claims Journal

A federal appeals court ruling that General Motors can’t use its 2009 bankruptcy to fend off lawsuits over faulty and dangerous ignition switches exposes the automaker to billions in additional liabilities, according to legal experts. The 2nd U.S. Circuit Court … Source: Claims Journal

As excited game enthusiasts embraced the Pokémon Go app release recently, several hazards associated with playing the virtual game in the real world have surfaced. According to the Apple iTunes description, Pokémon Go, created by Niantic, Inc., allows users the … Source: Claims Journal