Archive for October 2016

Self-driving cars hold the promise of saving thousands of lives each year on U.S. roads. But does pointing out flaws with the technology effectively put people in danger? That claim was put forth last week by Tesla Motors CEO Elon … Source: Claims Journal

During the annual International Association of Claims Professionals (IACP) conference held in Sonoma recently, Claims Journal hosted an executive roundtable with board members to discuss carrier/broker efficiency from the claims perspective. Peter Fennell, managing director of Aon Benfield and immediate … Source: Claims Journal

Pamela Buttery noticed something peculiar six years ago while practicing golf putting in her 57th-floor apartment at the luxurious Millennium Tower. The ball kept veering to the same corner of her living room. Those were the first signs for residents … Source: Claims Journal

A maintenance crew had slowed down traffic on a California highway through the night, and the work had gone on for hours without problems. Then a tour bus returning to Los Angeles from a casino trip slammed into the back … Source: Claims Journal

New Mexico employers could see a decrease in their insurance costs for on-the-job injuries and deaths. The state Office of Superintendent of Insurance says a key factor in calculating individual employers’ workers’ compensation costs will drop by an average of … Source: Claims Journal

MEMIC Hires Levesque as Safety Management Consultant in New Hampshire Workers’ compensation specialist The MEMIC Group has announced the appointment of Adam Levesque as Safety Management Consultant to provide safety training services and advice to MEMIC’s growing customer base in … Source: Claims Journal

At least 17 dams in North Carolina burst from the rain dumped by Hurricane Matthew, most of them in the Cape Fear River Basin. The News & Observer of Raleigh reports state inspectors knew where the rains could cause catastrophic … Source: Claims Journal

In the last two years, private-passenger loss costs have risen sharply  the result of more and costlier claims, according to a new white paper released by the Insurance Information Institute (I.I.I.). “There has been an alarming increase in crashes and … Source: Claims Journal

A recent ruling by an Illinois federal judge against Acuity Mutual Insurance Co., found that the use of the word “commencing” is ambiguous as it relates to whether a loss occurs within the policy period. The case, Temperature Service Company, … Source: Claims Journal

Climate change could spark the world’s next financial crisis, according to Paul Fisher, who retired this year as deputy head of the Bank of England body which supervises the country’s banks. “It is potentially a systemic risk,” Fisher said Monday … Source: Claims Journal