News
A former executive of QBE Insurance Group was sentenced on Thursday to 1-1/2 years in prison for conspiring to embezzle $2.6 million from the insurance company, some of which he used to buy a house and luxury vehicles. James Shea, … Source: Claims Journal
The chief U.S. auto safety agency says it won’t take Takata Corp.’s financial viability into account when it decides whether to expand further the largest-ever auto safety recall. The National Highway Traffic Safety Administration will focus solely on safety, as … Source: Claims Journal
Warmer air, less frigid water and gravity may combine to make parts of Antarctica’s western ice sheet melt far faster than scientists had thought, raising sea levels much more than expected by the end of the century, according to a … Source: Claims Journal
A Southeast Texas school district where flooding swamped an elementary school with 5 feet of water faces an estimated $12 million in losses and little insurance coverage, an administrator said Wednesday. Deweyville Independent School District Superintendent Kevin Clark remained upbeat … Source: Claims Journal
Japanese regulators on Wednesday approved the use of a giant refrigeration system to create an unprecedented underground frozen barrier around buildings at the wrecked Fukushima nuclear plant in an attempt to contain leaking radioactive water. The Nuclear Regulation Authority said … Source: Claims Journal
Are insureds required to notify the insurance company of a change in business form and structure after the inception of the initial policy? This issue recently came before the United States Court of Appeals for the Tenth Circuit in Christy … Source: Claims Journal
The highest New York state court has ruled that disputes over workers’ compensation insurance payment agreements between National Union and three California-based employer insureds must be decided by arbitration under arbitration clauses of those agreements and the Federal Arbitration Act … Source: Claims Journal
General Motors Co. won its second straight trial against drivers who blamed car wrecks on faulty ignition switches, boosting the company’s outlook for resolving hundreds of similar cases on more favorable terms. The crash of Dionne Spain’s 2007 Saturn Sky … Source: Claims Journal
Document production during litigation can be costly and time consuming but evolving technology and effective communication among parties can positively impact the process, according to Daniel Garoutte, director of Knox Services, a California-based company that provides electronic and paper document … Source: Claims Journal
U.S. regulators are making progress and will begin issuing guidelines to help the introduction of self-driving car technology within the next few months, Transportation Secretary Anthony Foxx said. The rapidly developing technology promoted by companies such as Google, Tesla Motors … Source: Claims Journal