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Archive for December 2016

Liquidated Judgment Not Necessary for Equitable Subrogation

California’s Ninth Circuit Court of Appeals finds that the absence of a litigated judgment did not preclude an equitable subrogation claim from being brought by an excess insurer for bad faith failure to settle when the excess insurer actually contributed … Source: Claims Journal

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Data Vulnerability Highlighted by Latest Yahoo Mega Breach

The revelation of Yahoo’s latest hack underscores what many Americans have known for years: All those emails, photos and other personal files stored online can easily be stolen, and there’s little anyone can do about it. The only saving grace … Source: Claims Journal

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People News: MEMIC, BSA, QBE

MEMIC’s Leonard Announces Retirement in September 2017 John T. Leonard, the first and only president and CEO in the history of The MEMIC Group, announced his intent to retire, effective September of 2017. Leonard was recruited to help start the … Source: Claims Journal

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Black Ice: A Dangerous Winter Hazard

Icy roadways contribute to nearly 152,000 motor vehicle crashes per year, according to a 10 year analysis of weather-related accidents between 2005 to 2014 conducted by Booz Allen Hamilton and based on National Highway Traffic Safety Administration data. In a … Source: Claims Journal

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NASA Launches 8 Mini-Satellites to Better Forecast Hurricanes

NASA launched eight mini-satellites Thursday morning to measure surface wind deep in the heart of hurricanes. The plane carrying the satellites took off shortly after sunrise Thursday from Cape Canaveral Air Force Station. An hour later, the co-pilot pushed the … Source: Claims Journal

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Record Texas Hailstorms Losses in 2016

In 2016, Texas suffered through another costly year of weather-related losses for homeowners and autos. Looking only at loss information through the end of September, it has been a year of record losses for hailstorms. The months of March and … Source: Claims Journal

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California, Uber Still Working to Negotiate Self-Driving Car Rules

Negotiations over whether Uber must stop its newly launched self-driving car service in San Francisco have concluded without a clear resolution, according to California transportation regulators. The state has threatened legal action if the ride-hailing company continues to pick up … Source: Claims Journal

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