Archive for October 2016

Liberty Mutual Executive Moves to Lemonade Lemonade, a new insurer that is beginning to do business in New York, announced the appointment of John Peters as its chief underwriting officer. He comes to Lemonade from Liberty Mutual, where he held … Source: Claims Journal

Claims is at the center of the revolution to maintain a sustainable organization, according to Mark Cloutier, chief executive officer of the Brit Group and keynote speaker at the recent International Association of Claim Professionals annual conference held in Sonoma, … Source: Claims Journal

In 2010, researchers at the University of Michigan hypothesized that it is theoretically possible to conjure particles from a complete vacuum under the right circumstances. Performing such a feat in the world of subrogation might seem improbable, but subrogation theory … Source: Claims Journal

More than four years since a massive sinkhole swallowed trees in Assumption Parish and forced more than 300 residents from their homes officials say it now no longer poses a risk to the public. Assumption Parish officials declared Friday that … Source: Claims Journal

Experts estimate insured losses from Matthew, the second major hurricane of 2016, to range between $6 and $10 billion. Fitch Ratings estimates that if the storm results in insured losses in excess of $10 billion, a greater proportion of losses … Source: Claims Journal

When Christa Savva returned to the Sandy Shoes Beach Resort a day after Hurricane Matthew brushed by Melbourne Beach, Florida, she looked at the beach in front of the pink-flamingo-colored hotel and noticed half the sand dunes had disappeared. Savva … Source: Claims Journal

Samsung’s crisis with its Galaxy Note 7 smartphone deepened Monday as the company confirmed it has adjusted its production following reports that newly released versions offered as replacements for recalled fire-prone devices have also overheated or caught fire. The company, … Source: Claims Journal

The Indiana Supreme Court has declined to take a case involving a man who was seriously injured in a crash and amassed over $625,000 in medical bills. The high court’s ruling leaves in place a trial court and state appeals … Source: Claims Journal

Three years after passage of sweeping legislation that revamped Oklahoma’s workers’ compensation system, courts are scrapping significant parts of the law in decisions that say the regulations violate the state constitution and do not provide adequate protection to workers. The … Source: Claims Journal

Generali Global Corporate Partners With Generali Global Assistance to Provide Augmented Insurance and assistance Generali Global Corporate & Commercial (GC&C), a provider of multinational property, casualty and specialty insurance and part of the global Generali Group, announced that its United … Source: Claims Journal