Archive for May 2018
Business Interruption: Factory Fire Snuffs Out Output of Key Ford, Mercedes Models
A fire at a Chinese-owned auto parts plant in Michigan has cut off supply of key components and disrupted production of crucial Ford Motor Co. and Daimler AG models, with the U.S. automaker already saying it’ll hurt profit in the … Source: Claims Journal
Read MoreStudy: Record-Breaking Ocean Heat Fueled Hurricane Harvey
In the weeks before Hurricane Harvey tore across the Gulf of Mexico and plowed into the Texas coast in August 2017, the Gulf’s waters were warmer than any time on record, according to a new analysis led by the National … Source: Claims Journal
Read MoreHawaii Insurance Commissioner: Homes Destroyed by Kilauea Lava Are Covered
Hawaii’s insurance commissioner has made it clear that homes destroyed or damaged in the recent lava flow into a Hawaii neighborhood are covered for the damage under homeowners insurance policies. Gordon Ito, who has been the state’s insurance commissioner since … Source: Claims Journal
Read MoreShareholder Lawsuit Says Energy Firm Cut Safety Budget Before Fatal Blast
A shareholder lawsuit alleges Anadarko Petroleum was focused on keeping oil and gas flowing from older wells, not fixing potential safety problems, in the months before a fatal house explosion in Colorado linked to an Anadarko well. The lawsuit cites … Source: Claims Journal
Read MoreAccenture: Insurer Workforce Needs Reshaping to Embrace AI
Insurers risk missing major growth opportunities unless CEOs take immediate steps to redesign work, bring in new talent, and pivot their existing workforces to work with artificial intelligence (AI), according to new research by Accenture. According to the report – … Source: Claims Journal
Read MoreNTSB Investigates Deadly Tesla Crash in Florida
The National Transportation Safety Board will investigate the fatal crash of a Tesla Model S that burst into flames after colliding with a concrete wall in Florida on Tuesday, the agency said, announcing its fourth active probe into a collision … Source: Claims Journal
Read MoreMontana Floodwaters Submerge Neighborhood
Montana authorities ordered the evacuation of 60 homes Tuesday as the rising Clark Fork River submerged a neighborhood west of Missoula and potentially threatened hundreds of additional residences. The Missoula County Sheriff’s Office issued the evacuation order for the houses … Source: Claims Journal
Read MorePeople News: Tower MSA Partners, Delaware DOI, Aon
Losada joins Tower MSA Partners as Vice President, Strategic Services Kathleen Losada has joined Tower MSA Partners as vice president of strategic services. In this role, she identifies and develops new markets and service offerings for the company, which provides … Source: Claims Journal
Read MoreResearch Says Hawaii Volcano Oozed Hot Lava for Decades
Hawaii’s Kilauea is not your typical blow-the-top-off kind of volcano. It’s been simmering and bubbling for about 35 years, sending superhot hot lava spewing up through cracks in the ground. This month’s eruptions are more of the same, except the … Source: Claims Journal
Read MoreNICB Issues Warning on Fraud Related to Flood-Damaged Cars
A young man who bought a pickup truck in Houston is now warning buyers to follow the advice of the National Insurance Crime Bureau (NICB) before closing a deal on a used vehicle. Kenton Basinger shelled out $14,000 for a … Source: Claims Journal
Read More