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Case Highlights Fraudulent BP Oil Spill Claims

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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

October Downpours Damaged Hundreds of Texas Homes

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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 Hires Executive for Third Party Administrator Claims Oversight

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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

Highway Transportation Bill Rounds Out Safety Provisions for Auto, Freight

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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

Chipotle Faces Another Lawsuit in E. Coli Outbreak

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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

Pre-Claim Nurse Triage a Little Used Best Practice for Workers’ Comp

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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

Japan Airbag Maker Takata Reports $46M Loss

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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

American Modern Unveils Employee-Constructed Home For Claims Training, Education

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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 Profit Falls 15% Due to Drop in Asset Management and P/C Earnings

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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 Starts $1B Center to Develop Intelligent Cars That Won’t Crash

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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