Archive for February 2018

The $500 billion reinsurance industry is experiencing a flurry of deal talks. One reason: Companies are finally for sale as a rash of natural disasters has depressed valuations and a influx of competitors has made it harder to raise rates. … Source: Claims Journal

When should a company have to tell investors that a top executive is facing sexual misconduct allegations? The question comes as Wynn Resorts is being rocked by the resignation of Steve Wynn, its chairman and CEO, following allegations that first … Source: Claims Journal

A South Carolina lawmaker wants to fine rail companies that don’t implement a safety system investigators say could have prevented a deadly weekend crash, complaining that delays and extensions have dragged on for a decade. A bill proposed Wednesday by … Source: Claims Journal

Zurich Insurance Group AG overcame a record year for natural-disaster claims in the industry to deliver its first dividend increase since 2011. The shares rose the most since August 2016. Switzerland’s biggest insurer raised its dividend for 2017 by 6 … Source: Claims Journal

A Vermont man accused by family members of killing his millionaire grandfather and possibly his mother said several of his relatives are “being driven by malice and greed” and are spreading lies about him. Nathan Carman has been called a … Source: Claims Journal

Kentucky lawmakers are considering a bill that would alter the medical malpractice system even more. Last year, lawmakers revised the malpractice system by creating panels of medical providers to review claims before cases go to court. That legislation created a … Source: Claims Journal

Cliches are trite written or verbal expressions that are used over and over, eventually wearing themselves out and communicating very little. At first, a phrase is coined and gains popularity (e.g., “Enclosed please find,” “do not hesitate to call,” “point … Source: Claims Journal

The disappearance of Malaysia Airlines Flight 370 prompted a slew of safety proposals meant to prevent another jetliner from inexplicably vanishing. Yet four years later, that possibility remains. That’s because international requirements for new planes to broadcast their locations every … Source: Claims Journal

ATM machines across the country are being targeted by a wave of criminals in search of an illegal high-tech payday. The Secret Service calls this phenomenon “jackpotting,” and are warning U.S. bank attacks are imminent. It’s a modern day version … Source: Claims Journal

State transportation officials plan to remove highway guardrail end caps manufactured by a Nebraska company that have been the subject of lawsuits across the country alleging safety defects. The Nebraska Department of Transportation said Monday in a news release that … Source: Claims Journal