Archive for February 2020

BIRMINGHAM, Ala. — Roads were flooded and rivers were rising across the Deep South on Tuesday after a day of heavy rains that once again filled a Mississippi lake where a dam previously was in danger of failing. The National … Source: Claims Journal

NEW YORK — Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at … Source: Claims Journal

A Tesla Inc. vehicle that slammed into a California highway barrier in 2018 with its automated driver-assist function engaged, killing the driver, had steered toward the same spot repeatedly during earlier trips, investigators reported Tuesday. The situation occurred four days … Source: Claims Journal

The U.S. government’s oversight of airline safety was roundly criticized in a government watchdog report that found Southwest Airlines Co. was allowed to make more than 150,000 flights carrying 17.2 million passengers that didn’t meet safety standards. The airline regularly … Source: Claims Journal

The future cannot come too soon for commercial auto. Despite growing premiums, the commercial auto line hasn’t turned an underwriting profit for the past nine years as both the number and cost of claims exceeded expectations. Tech companies are pitching … Source: Claims Journal

Innovation in the insurance industry is no longer a buzzword. It is fast becoming a catalyst to win market share. In the past, the industry has been a slow adopter of emerging technologies. The industry was also marred by other … Source: Claims Journal

The estate of Sears Holding Corp. is trying to take back payments it made to vendors – many of them small businesses – more than a year ago as it tries to shore up funds to wrap up its bankruptcy … Source: Claims Journal

PENDLETON, Ore. — Waters covering roads in flood-hit northeastern Oregon were starting to recede, allowing residents to return and assess the damage from weather that appears to have left one person dead. A woman who had been missing, Janet Tobkin … Source: Claims Journal

MEXICO CITY — An art critic has destroyed a contemporary piece at Mexico’s premiere art fair, setting off a spirited debate about what constitutes art. Critic Avelina Lesper said she accidentally shattered the installation Saturday at the Zona Maco art … Source: Claims Journal

With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of “force majeure.” The … Source: Claims Journal