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Archive for February 2018

In Illinois Disparagement is Not ‘Patent Pending’

Some insurance policies do not specifically define the term “disparagement” in the policy. When the term “disparagement” is not defined, the courts will come up with a workable definition. As an example, in Lexmark International, Inc. v. Transportation Insurance Co., … Source: Claims Journal

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NICB: Car Thefts on the Rise Due to Expensive Parts

If you own a late model car or truck, and you’ve been in a wreck, you may still be shaking your head over the repair bill. The National Insurance Crime Bureau (NICB) says today’s vehicles are loaded with expensive parts … Source: Claims Journal

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People News: AIG, Brit, Vanguard Claims

Krass Named SVP and General Counsel, General Insurance, and Deputy General Counsel, AIG American International Group, Inc. announced that Caroline Krass will join the company as senior vice president and general counsel, General Insurance, and deputy general counsel, AIG, effective … Source: Claims Journal

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Interim Arizona Insurance Director Named

Governor Ducey appointed Keith Schraad to serve as Interim Director of the Arizona Department of Insurance, starting Monday, February 12. The ADOI annually collects over $500 million in insurance premium taxes. Schraad comes has over 25 years of experience in the areas of insurance, … Source: Claims Journal

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Drone Near Miss With Jet Spurs Call to Tighten Laws

A video from a drone that flew within feet of an airliner over Las Vegas and prompted outrage on the internet has spurred three influential U.S. aviation lobbies to call for tighter regulations on hobby drones. Legislation exempting certain hobbyist … Source: Claims Journal

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2017 Mining Deaths Linked to Experience Level

According to the most recent Mine Safety and Health Administration (MSHA) quarterly call, there were 15 coal-related fatalities and 13 metal/non-metal mining deaths in 2017. One factor stood out among coal deaths, said Marcus Smith, of MSHA’s coal mine accident … Source: Claims Journal

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Satellites Show Warming is Accelerating Sea Level Rise

Melting ice sheets in Greenland and Antarctica are speeding up the already fast pace of sea level rise, new satellite research shows. At the current rate, the world’s oceans on average will be at least 2 feet (61 centimeters) higher … Source: Claims Journal

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