Archive for July 2019
Segwick’s Purchase of York Furthers Consolidation of TPA Industry
Sedgwick announced Monday that it has signed an agreement to purchase York Risk Services, continuing a long-term consolidation trend among third-party administrators. The purchase of York — which must be approved by federal regulators — would mark Sedgwick’s third acquisition … Source: Claims Journal
Read MoreSearches Find Nobody in Blast-Damaged Nevada Dorm
Thorough searches of a mostly empty University of Nevada, Reno, dormitory that was heavily damaged by an explosion found nobody inside and all students accounted for, officials said Saturday. The cause of the Friday explosion that blew out windows and … Source: Claims Journal
Read More‘Like the World was Ending’: Shopping Plaza Blast Injures 21
PLANTATION, Fla. — A vacant pizza restaurant exploded Saturday in a thundering roar at a South Florida shopping plaza, injuring more than 20 people as large chunks of concrete flew through the air. The blast flung debris widely along a … Source: Claims Journal
Read MoreAfter Brutal Spring Floods, U.S. Farmers Face Big Losses
The planting season ended more than a month ago, but much of 39-year-old Greg McGlinch’s 450-acre farm in Darke County, Ohio, is either under water or still saturated from record spring rains. Together with his father, McGlinch, a fifth-generation crop … Source: Claims Journal
Read MoreRuling Against Amazon May Prove Broader Blow to Its Business Model
A federal court ruling that Amazon.com Inc. can be held liable for a dog collar sold on its website that partly blinded a woman could complicate the online merchant’s business if it is applied broadly. The Third Circuit Court of … Source: Claims Journal
Read MorePG&E, Edison May Not Get California Help on Fires by July 12
California’s biggest utilities — PG&E Corp., Edison International and Sempra Energy — may not get the help they need to deal with multi-billion dollar wildfire liabilities before lawmakers adjourn July 12 for recess. Governor Gavin Newsom signaled that pending legislation … Source: Claims Journal
Read MoreAn Earthquake’s Impact can be Predicted – but Only After it Hits
Over the next week, Southern California has only a 27% chance of experiencing a third earthquake greater than magnitude 6, but a 96% chance of going through a tremor of magnitude 5 or higher. Those precise probabilities were generated by … Source: Claims Journal
Read More5th Circuit Rejects Assertion that Drunken Driving Equals Intention to Crash
If a drunken motorist collides with another vehicle, can the incident truly be called an accident? A federal judge in Texas said “no” and dismissed a plaintiff’s lawsuit seeking punitive damages from Cincinnati Insurance Co. On Tuesday, the U.S. 5th … Source: Claims Journal
Read MoreFirst Notice of Loss an Opportunity to Build Customer Satisfaction: Viewpoint
What’s worse: An incident that caused an insurance claim or the claims process itself? Ask a policyholder who has recently lived through a homeowners’ insurance claim process and the results might not be as lopsided as one would assume. Whether … Source: Claims Journal
Read MoreRecovery a Long Process for Victims of Wyoming Tornado
GILLETTE, Wyo. — Sherri Morris was standing in the front yard of what used to be her and her husband’s home in Oriva Hills. There are tractor tire marks in what’s supposed to be the front lawn, half of the … Source: Claims Journal
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