Archive for September 2018
Changes in Florence’s Path, Strength Muddy Cat Bond Traders Understanding of Risk
Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they’re in store for painful losses. If the storm’s path of destruction – which is aimed at North and South Carolina – causes enough damage in … Source: Claims Journal
Read MoreNTSB Seeks Anti-Lock Brakes on New Motorcycles in U.S.
A federal safety agency is recommending that all new motorcycles built for road use in the U.S. have anti-lock brakes and electronic stability control as standard equipment. The National Transportation Safety Board voted 5-0 on Tuesday to make the recommendations … Source: Claims Journal
Read MorePrepping for Hurricane Florence, Investors Sell Off Insurers
Hurricanes almost always set off an orchestrated dance on Wall Street before they make landfall, with shares of property and casualty insurance companies dumped in favor of companies that sell construction supplies or portable generators. That routine began a week … Source: Claims Journal
Read MoreMGM Donation Offer Part of Legal Strategy After Mass Shooting
An unprecedented legal move by MGM Resorts International to sue surviving victims of the Las Vegas mass shooting took another unusual turn Tuesday when the casino-operator offered to make $500 charitable donations in the name of each person who waives … Source: Claims Journal
Read MoreReport: Amazon Could Tackle Claims Management Next
Amazon has become the go-to for online shopping, it’s foray into digital entertainment has been equally successful. Imagine if the online retailer were to offer insurance services. One company has – Altus Consulting, based in the UK – explored how … Source: Claims Journal
Read MoreMissouri Duck Boat Operators Criticize Attorney General’s Lawsuit
The operators of a Missouri duck boat that sank in July, killing 17 people, say in a court filing that a lawsuit from Missouri’s attorney general is “irresponsible” and “littered with factual inaccuracies and innuendo.” Attorney General Josh Hawley’s lawsuit … Source: Claims Journal
Read MoreInsurers Consider Florence Claims Costs
Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more than 1 million people in and … Source: Claims Journal
Read MoreCalifornia Marijuana Products Failing Safety Tests
Nearly 20 percent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards … Source: Claims Journal
Read MoreFlorence Could Hit With a Punch Not Seen Since Hazel
The last time the midsection of the East Coast stared down a hurricane like this, Dwight Eisenhower was in the White House and Marilyn Monroe and Joe DiMaggio were newlyweds. Hurricane Florence could inflict the hardest hurricane punch the Carolinas … Source: Claims Journal
Read MoreRepairs to Baton Rouge Library Under Construction to Cost $2M
After concerns over stability halted construction of a Baton Rouge, La., library back in April, a new report estimates it will cost almost another $2 million to steady the building. Construction on the River Center Branch Library was halted after … Source: Claims Journal
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