Archive for March 2019

Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is calculated under the National Flood Insurance Program. … Source: Claims Journal

Uber Technologies Inc. will pay $20 million to settle California lawsuits challenging the company’s classification of drivers as independent contractors, and not employees owed the benefits of traditional employment. Resolution of the long-standing fight over benefits and pay comes as … Source: Claims Journal

The latest culprit for cooling U.S. inflation: safer driving. A measure of underlying price pressures watched closely by policy makers continued to moderate in February, missing forecasts, according to data published Tuesday by the Labor Department. The gauge of consumer … Source: Claims Journal

RALEIGH, N.C. — Smithfield Foods was found responsible Friday for a fifth time for nuisances neighbors suffered from waste generated by thousands of the company’s hogs. Jurors determined the pork giant should pay $420,000 after four previous juries awarded nearly … Source: Claims Journal

HARTFORD, Conn. — Connecticut lawmakers were urged Friday to pass additional legislation to address the state’s crumbling foundations problem and also find additional funds to help impacted homeowners. Michael Marglaras, superintendent of the Connecticut Foundation Solutions Indemnity Co., said it … Source: Claims Journal

IDAHO CITY, Idaho — An Idaho jury has awarded more than $4.8 million to a woman injured in a U-turn accident after deciding it was partially caused by a sheriff’s deputy. But the Idaho Statesman reports that Chellus Dawn Towell … Source: Claims Journal

An Iowa woman who filed a claim for damage that occurred after she purchased an auto insurance policy was convicted last week for felony insurance fraud, according to the Iowa Insurance Division’s Fraud Bureau. Jennifer Lea Fuentes, 43, was arrested … Source: Claims Journal

Property insurers generally score well for customer satisfaction, but the carriers that fare more poorly than others could do a better job of communicating with policyholders and setting accurate claim-length expectations, according to J.D. Power. A survey of 6,374 homeowners … Source: Claims Journal

SACRAMENTO, Calif. — State officials have halted debris removal on Northern California hills scarred by a deadly wildfire because of rain-saturated, unstable slopes. Work crews and truck drivers removing debris in Paradise have been idled at least until March 19, … Source: Claims Journal

Crews are working on 134 flood control projects as parts of a $2.5 billion bond program approved by Houston-area voters last year in the wake of Hurricane Harvey, officials announced Thursday. Another 103 projects are on the drawing board _ … Source: Claims Journal