Archive for March 2019

A gas pipeline that exploded in flames in a San Francisco neighborhood earlier this month shows damage consistent with being ruptured by third-party excavators, the National Transportation Safety Board said Wednesday. In a preliminary report, investigators also say the Feb. … Source: Claims Journal

Property insurers are falling short in some key areas of the claims process even as they earn high marks for overall customer satisfaction, according to the J.D. Power 2019 U.S. Property Claims Satisfaction Study. J.D. Power said that insurers continue … Source: Claims Journal

Wind farm operators can’t predict the weather. But they can hedge it. Investment manager Nephila Holdings Ltd. and insurance giant Allianz SE have banded together to offer an insurance policy of sorts to wind farm developers known as a “proxy … Source: Claims Journal

Mike Rosser, a 41-year veteran of the salvage car business, remembers a day when auctions for junked cars drew 30 guys standing in the sun, inspecting mangled cars for intact alternators and transmissions. On this February morning, though, the suburban … Source: Claims Journal

Kia Motors Corp and affiliate Hyundai Motor Co said on Thursday they are recalling around 534,000 additional U.S. vehicles at risk of engine fires. Kia said it is recalling 378,000 2012-2016 Kia Soul vehicles over engine damage and fire risks, … Source: Claims Journal

PG&E Corp, which filed for bankruptcy last month because of potential liabilities from wildfires in California, said it is probable that its equipment will be determined to be an “ignition point” of the 2018 Camp Fire. PG&E faces billions of … Source: Claims Journal