Archive for July 2017

A video has surfaced showing the fiery 2013 crash of a commercial airliner on approach at San Francisco International Airport and a rescue response to the incident that killed three passengers and injured 200 other people. Investigators previously released a … Source: Claims Journal

People injured by Takata Corp.’s defective air bags were given an official role in the bankruptcy of its U.S. unit on Thursday, allowing them to challenge restructuring plans that plaintiffs’ lawyers have criticized as protective of automakers. A seven-member official … Source: Claims Journal

Dealing with a fire can be a serious problem on its own and becomes even more intense when people set buildings ablaze deliberately. That’s the issue in South Peoria, Ill., in late 2016 and earlier this year when a rash … Source: Claims Journal

The end of the line may be in sight for a North Dakota safety program aimed at lowering the risk of disastrous train derailments involving the state’s crude oil. The pilot program, which includes two rail safety inspectors and a … Source: Claims Journal

Commercial property insurer FM Global has opened the FM Global Learning Center, a facility in Norwood, Mass., where employees and clients will explore property-loss prevention and insurance-related training through specially designed classrooms. The 27,000-square-foot, $15 million structure more than doubles the … Source: Claims Journal

Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated research by KPMG. In a 2015 … Source: Claims Journal

Nearly two weeks after Art Basel, a global contemporary art fair that closed June 18, brought together 291 galleries from 35 different countries presenting art from more than 4000 artists, the displayed art has likely been shipped back to its … Source: Claims Journal

Recent progress in forecasting the intensity of hurricanes – which has lagged behind storm track forecasting – could be undermined by proposed cuts in federal funding for tropical weather research, says the retiring chief of a team of U.S. hurricane … Source: Claims Journal

Tennis star Venus Williams is being sued by the estate of a Florida man who died after a car crash police say she caused. An attorney representing the family of Jerome Barson, 78, filed the lawsuit Friday in Palm Beach … Source: Claims Journal

Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to a new S&P Global market outlook. According to the U.S. … Source: Claims Journal