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Rising Auto Claims Blamed for Allstate Quarterly Profit Decline of 41%

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Allstate Corp., the largest publicly traded U.S. car and home insurer, said fourth-quarter profit fell on a surge in auto claims. Net income declined 41 percent to $489 million, or $1.18 a share, from $824 million, or $1.86, a year … Source: Claims Journal

Big Freight Railroad Carriers Won’t Make 2018 Deadline for Positive Train Control

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Three of the biggest freight railroads operating in the U.S. have told the government they won’t meet a 2018 deadline to start using safety technology intended to prevent accidents like the deadly derailment of an Amtrak train in Philadelphia last … Source: Claims Journal

Researchers Examine Where BP Oil Spill Remains in the Gulf

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A Florida State University researcher and his team have developed a comprehensive analysis of oil in the Gulf of Mexico and determined how much of it occurs naturally and how much came from the 2010 Deepwater Horizon spill. And more … Source: Claims Journal

Blanchard Painting Recovered 48 Years After Multimillion Dollar Theft

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A painting of a Parisian street scene stolen in New York has been recovered by Art Recovery Group. The painting had been consigned to a Miami art gallery in November last year by a private individual. ‘La Porte St. Denis’ … Source: Claims Journal

Though CDC Probe Over, Chipotle Faces Criminal Investigation

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Chipotle Mexican Grill Inc said a federal criminal probe linked to a food safety incident at a California restaurant has widened into a national investigation, sending its shares down 7 percent in extended trading on Tuesday. The burrito chain also … Source: Claims Journal

P/C Insurer Profitability Up, Combined Ratio Down in First Nine Months of 2015

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Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus … Source: Claims Journal

GM, Plaintiff Lawyers Want Judge to Reject Bid to Halt Switch Settlement

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General Motors Co has asked a judge to reject efforts by a lawyer who first publicly exposed a faulty ignition switch in GM vehicles to undo a settlement fund resolving 1,380 death and injury lawsuits. In a separate filing, the … Source: Claims Journal

Review Reveals Farm Workers Aren’t Being Protected From Pesticides

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Dozens of farmworkers looked up at the little yellow plane buzzing over the Florida radish field, a mist of pesticide falling from its wings. Farmworkers are supposed to be protected by government rules regulating exposure to toxic farm chemicals. But … Source: Claims Journal

Underwater Landslides Caused Destructive 1964 Alaska Tsunami

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Researchers from the U.S. Geological Survey have solved a 50-year natural science mystery: the undersea source of tsunami waves that devastated a remote Alaska village following the 1964 Great Alaska Earthquake. Underwater landslides at depths of 820 to 1,150 feet … Source: Claims Journal

The Parable of the Crippled Mare: Loss-Of-Use Now Recoverable in Texas Total Loss Auto Cases

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Many years ago, a lawyer argued that the long-standing Texas rule that made it “cheaper to kill a mare in Texas than to cripple her” was unfair. City of Canadian v. Guthrie, 87 S.W.2d 316 (Tex. Civ. App. 1932). His … Source: Claims Journal