Archive for December 2021

Darryl A. Vachon did not accuse Travelers of bad faith in handling his $25,000 uninsured motorist claim until after a jury found he had incurred $1,022,780 in damages. Because he didn’t, the insurer must now defend itself against a million-dollar … Source: Claims Journal

PARIS–Tesla Inc has told the French government there is no indication that a fatal accident in Paris involving a Tesla Model 3 taxi was caused by a technical fault, a government spokesman said on Wednesday. Paris taxi company G7 has … Source: Claims Journal

PORT-AU-PRINCE, Haiti (AP)–A truck carrying gasoline overturned and exploded in a fireball in northern Haiti, engulfing cars and homes in flames as it killed more than 50 people and injured dozens of others in the latest disaster to hit a … Source: Claims Journal

LOS ANGELES (AP)–Rain drenched Southern California on Tuesday as a powerful storm slid down the state, snarling traffic as vehicles spun out and raising the threat of mudslides in areas scarred by wildfires. Nearly 7 inches (18 centimeters) of rain … Source: Claims Journal

McMINNVILLE, Ore. (AP)–The opioid epidemic blew into this picturesque Oregon town like a toxic wind, leaving overdoses, addiction, homelessness and wrecked families in its wake. In a humble, single-story brick building, three blocks from downtown McMinnville’s wine-tasting rooms and cafes, … Source: Claims Journal

The Arctic continues to deteriorate from global warming, not setting as many records this year as in the past, but still changing so rapidly that federal scientists call it alarming in their annual Arctic report card. The 16th straight health … Source: Claims Journal

MAYFIELD, Ky. (AP) –Workers, volunteers and members of the National Guard fanned out in areas of Kentucky slammed by a series of tornadoes to begin the long process of recovery, including replacing thousands of damaged utility poles, delivering bottles of … Source: Claims Journal

More than 400 claims-adjusting firms have been licensed in Florida in the last month, in keeping with a state law that requires that firms, not just adjusters, go through the licensing process, the state’s chief financial officer announced. Senate Bill … Source: Claims Journal

Artificial intelligence, and more specifically machine learning, is being deployed in the insurance space in some very exciting ways — from assessing underwriting risks to determining pricing to evaluating claims. But with these advances come sizable risks, some of which … Source: Claims Journal

The insurance industry is lagging behind other sectors in offering customers digital options to communicate with claims administrators, according to a report by J.D. Power. The consumer analytics firm said only 40% of claimants interacted with an estimator using digital … Source: Claims Journal