Archive for October 2016

Private U.S. property/casualty insurers reported a $1.5 billion net underwriting loss in the first half of 2016-the first year-to-date net underwriting loss in more than three years-and saw their net income after taxes drop to $21.7 billion in first-half 2016 … Source: Claims Journal

Just in time for the World Series, this ‘Case Of’ shares the claim story of an avid baseball fan and collector whose claim included a Babe Ruth bat, which the insured claimed a value of $30,000. Babe Ruth is regarded … Source: Claims Journal

Early this morning, Hurricane Matthew was nearing the eastern tip of Cuba, according to the National Hurricane Center (NHC). Maximum sustained winds were recorded at nearly 125 mph (205 km/h) with gusts reportedly higher. It is considered a category 3 … Source: Claims Journal

An apartment house where six people died in a fire had been neglected during foreclosure and lacked alternative exits, allowing several bedrooms to become “death traps” when the blaze spread upstairs, a prosecutor said Monday to open the homeowner’s manslaughter … Source: Claims Journal

Endurance Specialty Holdings Ltd. jumped the most since its 2003 initial public offering after a report that Sompo Japan Nipponkoa Insurance Inc. is planning to bid about $6.5 billion for the Bermuda-based insurer. Endurance surged 33 percent to $86.52 at … Source: Claims Journal

Ever hear about the gargantuan octopus that dragged a New York City ferry and its 400 passengers to the river bottom nearly 53 years ago? A cast bronze monument dedicated to the victims of the steam ferry Cornelius G. Kolff … Source: Claims Journal

The engineer at the controls of the train that smashed into a commuter rail terminal, killing a woman and injuring more than 100 people, told federal investigators he was going only 10 mph as he approached the station but has … Source: Claims Journal

When a loved one dies, laws cover how their houses, cars, and other property are passed on to relatives. But the rules are murkier – and currently far more restrictive – when it comes to pictures on Facebook, emails to … Source: Claims Journal

Americans with Disabilities Act (ADA) Title III lawsuits are up 63 percent over 2015, according to law firm Seyfarth Shaw. ADA Title III prohibits businesses open to the public from discriminating on the basis of disability. The Act applies to … Source: Claims Journal

The City of Natchez, Mississippi, must hire more firefighters to avoid a drop in its fire insurance rating. The Natchez Democrat reports that the Mississippi State Rating Bureau notified the city last month that the city’s fire protection no longer … Source: Claims Journal