Archive for August 2019
New InsurTech Offering Brings Free Home Maintenance Visits with Price of Policy
Many insurance carriers offer their customers discounts on smart home products that protect homes from fire, water and theft. Some even contribute free devices to policyholders who are willing to take on do-it-yourself installation projects. A partnership announced Tuesday between … Source: Claims Journal
Read MoreJ&J Shares Rise as Oklahoma Opioid Award Less Than Expected
Johnson & Johnson shares rose as much as 5.4% after an Oklahoma judge ordered the company to pay far less than some investors expected in the first trial by a state seeking compensation for the public-health crisis spawned by opioid … Source: Claims Journal
Read MoreAlaska Wildfire Destroys 51 Homes, 3 Businesses
ANCHORAGE, Alaska — A wildfire burning north of Anchorage, Alaska, has destroyed 51 homes and three businesses, officials said Friday. Another 84 buildings between the communities of Willow and Talkeetna, about 70 miles north of the state’s largest city, also … Source: Claims Journal
Read MoreLightning Strike at Tour Championship Causes 6 Injuries
ATLANTA — Six people were injured Saturday when lightning struck a 60-foot pine at the Tour Championship where they were taking cover from rain and showered them with debris, Atlanta police said. The third round of the season-ending PGA Tour … Source: Claims Journal
Read MoreStorm Dorian Barrels West, Barbados Gets Ready for Impact
BRIDGETOWN, Barbado — Tropical Storm Dorian gathered speed on Monday as it barreled west towards Barbados, where people began preparing for the onset of heavy wind and rain, and officials advised the public to stay indoors. The small tropical cyclone … Source: Claims Journal
Read MoreMailbox Stores’ New E-Commerce Plan Fights ‘Porch Pirates’
An association of independent mailbox-store owners is forming a national network for receiving e-commerce packages, seeking to add a layer of security for consumers while capitalizing on the surge of online shopping. Retail Shipping Associates plans to announce an effort … Source: Claims Journal
Read MoreAmazon Joins Walmart in Blaming Tesla Solar Panels for Fires
Walmart Inc. isn’t the only corporation that has seen its Tesla Inc. solar panels catch fire. On Friday, Amazon.com Inc. said a June 2018 blaze on the roof of one of its warehouses in Redlands, California, involved a solar system … Source: Claims Journal
Read MoreBoeing 737 Max’s Certification Flight Likely to Occur in October
The Federal Aviation Administration is likely to conduct its certification flight for Boeing Co.’s 737 Max in October, a key milestone toward returning the grounded jetliner to the skies, said people briefed on the matter. That timing would be broadly … Source: Claims Journal
Read MoreCourt Says Policy’s Vandalism Exclusion Doesn’t Bar Coverage for Arson
Setting fire to a house is much more than an act of vandalism and if insurers want to exclude such damage from coverage they had best use the term “arson” in policy exclusions, the U.S. 6th Circuit Court of Appeals … Source: Claims Journal
Read MoreCritics Blast Oregon Repeal of Tsunami-Zone Building Ban
NEWPORT, Ore. — With sunlight sparkling off surrounding Yaquina Bay, workers are putting up an ocean-studies building, smack in the middle of an area expected to one day be hit by a tsunami. Experts say it’s only a matter of … Source: Claims Journal
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