News
Legislation before state lawmakers in New York would significantly change medical malpractice law by allowing patients to sue years after an alleged misdiagnosis or mistreatment. Patients currently must file lawsuits within 21/2 years after the alleged malpractice. The bill would … Source: Claims Journal
Illinois lawmakers have convened a task force to investigate a spike in the theft of recyclable metals. There was a spike in thefts a few years ago when the price of copper and other recyclable metals rose. Copper wiring and … Source: Claims Journal
The Legislature is close to repealing an annual tax break worth tens of millions of dollars that was inadvertently given to auto insurers four years ago, a move agreed to as part of a state budget deal. The Republican-led House … Source: Claims Journal
Continued Zika virus warnings may dampen summer sporting events, such as the Summer Olympics which is set to be hosted by Rio de Janeiro in August, as insurers weigh the risk of insuring such events in the midst of another … Source: Claims Journal
The swollen Seine River kept rising Friday, spilling into Paris streets and forcing one landmark after another to shut down as it surged to its highest levels in nearly 35 years. Across the city, museums, parks and cemeteries were being … Source: Claims Journal
California’s Modesto Metropolitan Statistical Area (MSA) had the nation’s highest per capita vehicle theft rate in 2015, according to the National Insurance Crime Bureau’s (NICB) latest Hot Spots report. Moreover, California owned eight of the top 10 hot spots for … Source: Claims Journal
The push by U.S. auto safety regulators to replace potentially dangerous Takata air bag inflators in millions of vehicles is running into resistance from General Motors Co, documents released on Thursday show. GM’s response highlights the challenges that the Takata … Source: Claims Journal
The Atlantic should produce a near-normal 12 storms during the six-month hurricane season that officially begins Wednesday, while the U.S. coastline has a below-average chance of being struck by a major system, according to Colorado State University’s forecast. Of the … Source: Claims Journal
Lloyd’s of London said that at least 34,000 jobs in the city’s commercial insurance industry are at risk if Britain votes to leave the European Union, with some companies drawing up plans to relocate outside of the U.K. Further job … Source: Claims Journal
BP Plc said it agreed to pay $175 million to settle claims by U.S. investors that its managers lied about the size of the 2010 Gulf of Mexico oil spill to prop up its stock price, removing the company’s last … Source: Claims Journal