News
BP has been complaining for a long time that many claims filed after its April 2010 oil spill in the Gulf of Mexico were phony. Now there’s more evidence to back that up. BP has admitted fault in connection with … Source: Claims Journal
Authorities say heavy October rains damaged hundreds of homes extending from the Austin area down into South Texas. Travis County emergency officials said in a statement that more than 330 properties were damaged in flooding last week. About 160 homes … Source: Claims Journal
Arch Insurance Group, a member of Arch Capital Group Ltd., announced that Vincent Kellaher has been named senior vice president and will be responsible for the oversight of Arch’s Third Party Administrator managed claims. An accomplished insurance executive with over … Source: Claims Journal
A sweeping transportation bill approved by the House on Thursday would put a new emphasis on freight corridors when designating highway funds and includes provisions sought by both industry and safety advocates to address auto, truck, bus, and railroad safety. … Source: Claims Journal
A second Washington woman and an Oregon man who contracted E. coli after eating at a Chipotle franchise are suing the Mexican restaurant chain. Jessica Ellis of Mount Vernon, Washington and Chris Collins of Lake Oswego, Oregon, filed federal lawsuits … Source: Claims Journal
Though large, self-insured companies have been using it for years, pre-claim nurse triage has not yet been wholeheartedly embraced by workers’ compensation carriers, according to Brian Cullen, managing director of Triage for Medcor, an outsourcing service that works to improve … Source: Claims Journal
Embattled Takata Corp. reported a half-year loss of 5.6 billion yen ($45.8 million) on Friday due to recall costs, as Toyota announced it would stop using Takata airbag inflators at the center of the company’s massive product safety scandal. Tokyo-based … Source: Claims Journal
With the help of more than 350 employee volunteers, American Modern Insurance Group has completed construction of a two-story “LivingWise” home inside its training center in Amelia, Ohio, to demonstrate smart, sustainable and secure residential lifestyle features and train claims … Source: Claims Journal
Allianz SE, Europe’s biggest insurer, said third-quarter profit dropped 15 percent as earnings at its property and casualty and asset management units declined. Net income fell to 1.36 billion euros ($1.48 billion) from 1.61 billion euros a year earlier, the … Source: Claims Journal
Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce traffic fatalities. Toyota Research Institute Inc. will pitch … Source: Claims Journal