Archive for July 2017

In Youngstown, Ohio, the employment problem is not a shortage of jobs. Nor is it a shortage of workers. The problem is not stingy employers who don’t want to pay enough to attract good workers. Nor is the problem that … Source: Claims Journal

A bill introduced earlier this year provides tort caps and outlines a statute of limitations on claims against doctors and medical providers. The legislation, passed by the House of Representatives last month, is pending Senate judiciary review where a companion … Source: Claims Journal

A new amusement ride law would affect more than a dozen counties in western Kansas that have home-owned carnivals and rides. Gov. Sam Brownback signed the bill in April following the death of a 10-year-old who rode a giant water … Source: Claims Journal

Chubb Launches Dedicated Multi-line Practice Focused on Large Transportation Clients in North America Chubb launched a multi-line industry practice within its Major Accounts division, dedicated to providing innovative insurance products, industry-leading service and risk management solutions for best-in-class large risk … Source: Claims Journal

When Jim Komsa launched his aerial photography business in 2013, using airplanes to shoot photos from the sky, he said there were only a handful of competitors in all of New Jersey. Now, there are dozens. Komsa, the co-owner of … Source: Claims Journal

A U.S. safety watchdog called for broader use of traffic cameras to catch speeding drivers, as it said driving too fast is an under-reported cause of traffic fatalities. Inconsistent reporting by law enforcement causes the factor to go under-reported, according … Source: Claims Journal

Large shipping losses have declined by 50 percent over the past decade, mostly driven by the development of a more robust safety environment by ship owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping … Source: Claims Journal

A series of hailstorms and tornadoes in the U.S. dominated the natural catastrophe statistics in the first half of 2017, according to Munich RE. A total of six severe, large-scale thunderstorms were recorded, each causing billions of dollars of losses. … Source: Claims Journal

Professional liability claims and coverage is evolving, according to Steve Whelan, director of management/professional liability product development for ISO. With increasing cyberattacks, comes coverage for ransomware and even blended coverage with other lines. Among other trends, healthcare claims are expected … Source: Claims Journal

Ford is fighting the latest expansion of the Takata airbag inflator recall. Earlier this month, Takata filed documents with the U.S. government adding 2.7 million vehicles to the recall from Ford, Nissan and Mazda. All have inflators with a drying … Source: Claims Journal