Archive for January 2017
San Francisco Hit With Floods, Mountains to get Heavy Snow
Highways flooded in San Francisco, Calif., Wednesday after more than an inch of rain fell overnight, setting off mud and rock slides in the nearby Santa Cruz mountains. The Sierra Nevada mountains were expected to get slammed with four to … Source: Claims Journal
Read MoreHouston Sewer Crews Keep Busy With Barbies and Bacon Grease
Aaron McCall had fed about a dozen feet of green hose into the sanitary sewer line running from Daniel Castillo’s house, blasting pressurized water toward the main city pipe, when the ground let out a deep belch. “OK,” said McCall, … Source: Claims Journal
Read MoreNorthern U.S. Facing Greater Risk of Flooding
The risk of flooding in the United States is changing regionally, and the reasons could be shifting rainfall patterns and the amount of water in the ground. In a new study, University of Iowa engineers determined that, in general, the … Source: Claims Journal
Read MoreBusiness News: Chubb, Lemonade, NORCAL, Solera Holdings
An expanded suite of cyber loss mitigation services is now available to help Chubb’s U.S. and Canadian policyholders reduce the impact and likelihood of a cyber incident. Chubb’s expanded suite of cyber services for loss mitigation includes: Password Defense—Available to … Source: Claims Journal
Read MoreTexas DOI Re-Certifies 10 Firms to Self-Insure Workers’ Comp Claims
The Texas Department of Insurance’s Division of Workers’ Compensation (DWC) re-certified 10 employers to self-insure workers’ compensation claims. In total, the companies employ about 15,000 people in Texas. DWC renewed: Associated Wholesale Grocers, Inc. E.I. du Pont de Nemours and … Source: Claims Journal
Read MoreWaivers Of Subrogation Endorsements Are Like Onions
A recent Texas Court of Appeals decision parsing the wording of a workers’ compensation policy’s waiver of subrogation endorsement reminds us that, like an onion, a waiver endorsement has many layers and should be peeled back fully before giving up … Source: Claims Journal
Read MoreHigher Frequency Doesn’t Equate to Stronger Hurricanes for Atlantic Coast
Active Atlantic hurricane periods, like the one we are in now, are not necessarily a harbinger of more, rapidly intensifying hurricanes along the U.S. coast, according to new research performed at the University of Wisconsin-Madison. In fact, the research — … Source: Claims Journal
Read MoreAllstate Recently Acquired Mobile Device Insurer Reveals 5 Years of Losses
Allstate Corp. said that the mobile device insurer that it acquired for $1.4 billion had posted five years of losses before the deal. SquareTrade Holding Co.’s annual loss narrowed to $26.5 million in 2015 from $37.4 million in 2014, Northbrook, … Source: Claims Journal
Read MoreBMW Will Deploy Self-Driving 7-Series on Roads This Year
BMW AG will dispatch a fleet of autonomous vehicles to U.S. and European cities in this year’s second half, the next step in its partnership with Mobileye NV and Intel Corp. to introduce fully self-driving vehicles by 2021. The German … Source: Claims Journal
Read MoreFederal Appeals Court Finds Luxury Condo Owner’s Suit Filed too Late Against Insurer
A luxury high rise condominium located in Las Vegas, Nevada, was found to have been barred from recovery of its $5 million window damage claim, according to a ruling by the Ninth Circuit of the U.S. Court of Appeals. The … Source: Claims Journal
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