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American Modern Marks 50th Anniversary With New Brand Identity, Logo

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American Modern Insurance Group, a specialty residential properties and recreational products insurer, announced a new brand identity as part of a transformation to best serve its agent partners with competitive, complementary insurance solutions for their customers. The rebranding coincides with … Source: Claims Journal

Hurricane Patricia, Stronger Than Katrina, Bears Down on Mexico

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A hurricane stronger than Katrina in 2005 and Andrew in 1992 is poised to hit Mexico’s biggest ports and holiday resorts within hours. Hurricane Patricia, the strongest ever recorded in the Eastern Pacific or Atlantic Basin, is forecast to go … Source: Claims Journal

ACE Shareholders Approve Chubb Acquisition by Overwhelming Majority

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ACE Limited shareholders voted yesterday at a special meeting to approve all proposals related to the company’s previously announced agreement to acquire The Chubb Corporation. Votes in favor of each agenda item exceeded 98 percent of the total represented and … Source: Claims Journal

Missouri Medical Malpractice Limits on Noneconomic Damages Challenged Again

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A lawyer for the family of a woman who died after a heart operation argued Wednesday to the Missouri Supreme Court that state law limiting how much they can receive in damages is unconstitutional. The case could strike another blow … Source: Claims Journal

China Insurance Policy Protects Good Samaritans Against Scams by the Elderly

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Now there’s an answer to a sad, strange and common question in China: How can someone be a good Samaritan to an elderly person in need without getting scammed? China’s e-commerce giant Alibaba has partnered with an insurance company to … Source: Claims Journal

Climate Change Hurts World Economy

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With each upward degree, global warming will singe the economies of three-quarters of the world’s nations and widen the north-south gap between rich and poor countries, according to a new economic and science study. Compared to what it would be … Source: Claims Journal

Drivers Distracted Up to 27 Seconds by Most Devices

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If you think it is okay to talk to your car infotainment system or smartphone while driving or even when stopped at a red light, think again. It takes up to 27 seconds to regain full attention after issuing voice … Source: Claims Journal

KPMG: Driverless Cars Could Shrink U.S. Personal Auto Insurance Sector by 60%

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A decline in accident frequency due to safer vehicles and the adoption of autonomous vehicles could shrink the U.S. personal auto insurance sector by 60 percent within 25 years, according to KPMG, the U.S. audit, tax, and advisory services firm. … Source: Claims Journal

EL Nino and La Nina to Cause More Frequent, Severe Droughts in California

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In the future, the Pacific Ocean’s temperature cycles could disrupt more than just December fishing. A study published in Nature Communications suggests that the weather patterns known as El Nino and La Nina could lead to at least a doubling … Source: Claims Journal

CWCI Report Examines Growth of Drug Testing in California Workers’ Comp

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A new California Workers’ Compensation Institute (CWCI) study quantifies the growing use and cost of drug tests performed on California injured workers in conjunction with the expanded use opioid painkillers, reveals shifts in the types of tests performed after Medicare … Source: Claims Journal