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Archive for February 2018

The Known Loss Doctrine and Liability Insurance

Insurance coverage is premised on the concept of fortuity – a loss that occurs by chance or accident. When an insurance company issues a policy, it insures against a risk of possible loss, not a certainty. Insurance carriers do not … Source: Claims Journal

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Allianz Raises Dividend, Shrugs Off Hurricane Claims

A record year for natural disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend. Europe’s biggest insurer will increase the dividend for 2017 by 5.3 percent to 8 … Source: Claims Journal

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After 2-Year Spike, 2017 Traffic Deaths Fell Slightly

Traffic deaths on U.S. roads fell slightly in 2017 after two straight years of big increases, but a leading safety organization that compiled the numbers says it’s no cause for celebration. The National Safety Council on Thursday estimated that 40,100 … Source: Claims Journal

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Businesses Rethink Workplace Romance Policies

It happens in so many workplaces – two colleagues begin a romantic relationship. But a heightened awareness about sexual harassment means small business owners can get more anxious when employees start dating. Many owners have consulted with employment attorneys or … Source: Claims Journal

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Hurricanes Aren’t to Blame for Most Big Storm Surges in Northeast

Hurricanes spawn most of the largest storm surges in the northeastern U.S., right? Wrong, according to a study by Rutgers University–New Brunswick scientists. Extratropical cyclones, including nor’easters and other non-tropical storms, generate most of the large storm surges in the … Source: Claims Journal

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