Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires, floods, and storms, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. An historic wildfire caused catastrophic damage in … Source: Claims Journal

Major insurers American International Group Inc. and Prudential Financial Inc. would be required to hold enough capital to head off risks to the U.S. financial system as part of a regulatory shakeup of the insurance industry proposed by the Federal … Source: Claims Journal

Researchers are moving ahead with efforts to develop a diagnostic test for chronic traumatic encephalopathy – even without the NFL’s help. Some of the nation’s top brain scientists gathered Wednesday at the Boston University School of Medicine for the start … Source: Claims Journal

Amazon.com scored its sixth annual victory in the 24/7 Wall Street Customer Service Hall of Fame last year, with 59 percent of customers reporting that they received excellent customer service from the ecommerce giant. That score surpassed the number two company … Source: Claims Journal

A now-fired Iowa State Patrol supervisor rear-ended another car in March but his agency didn’t give him a ticket and its investigation instead blamed the lead driver, records show. Legal experts say drivers of rear cars involved in collisions are … Source: Claims Journal

France is setting up an emergency fund to help those who lost everything after the worst floods in three decades caused the Seine River to burst its banks. Prime Minister Manuel Valls said Monday after a government meeting that the … Source: Claims Journal

To its owner, a pet dog may be priceless – and even though Georgia’s highest court didn’t go quite that far Monday, it did say that under some circumstances, an owner whose pet is hurt or dies at the hands … Source: Claims Journal

Nine Fort Hood soldiers who died when a rain-swollen creek swept their vehicle into rushing waters were in the right place for their intended training, according to the U.S. Army. Yet the tragedy is prompting multiple investigations into the circumstances … Source: Claims Journal

Federal data shows New Mexico has the highest rate of pedestrian deaths in the U.S. According to a report issued in May by the National Highway Traffic Safety Administration, New Mexico had 74 pedestrian fatalities in 2014, or a rate … Source: Claims Journal

Reserve accuracy is a key performance indicator for claims departments and is usually the primary focus of claims audits. Regardless of whether companies outsource claims to a third party administrator (TPA) or handle them internally, the establishment of proper case … Source: Claims Journal