News
For the first time ever, a former college football star will cash in on an insurance policy that protected him from a free-fall in the NFL draft. CBS Sports’ Dennis Dodd reports that Ifo Ekpre-Olomu will collect a $3 million … Source: Claims Journal
Michelle Tetreault’s daughter didn’t know what “repent” meant when she spotted a man with a sign around his neck warning “Repent! The end is near!” But she’s plenty sorry now that her mom is facing a $124 traffic ticket for … Source: Claims Journal
Many Americans buying new cars these days are baffled by a torrent of new safety technology. Some features will automatically turn a car back into its lane if it begins to drift, or hit the brakes if sensors detect that … Source: Claims Journal
The unusually large hail that recently pounded Las Cruces, N.M., has residents scrambling to call insurance agents over damaged roofs and dented vehicles. Saturday’s storm dropped golf ball-sized hail left Sonoma Ranch Golf Course unplayable, reported Las Cruces Sun-News reports, … Source: Claims Journal
The Texas Supreme Court in JAW the Point, LLC v. Lexington Ins. Co., 460 S.W.3d 597 (Tex. 2015) held, on first impression, that losses incurred in demolishing and rebuilding property damage resulting from Hurricane Ike to comply with city ordinances … Source: Claims Journal
Claims cost per injured vehicle are still increasing in the United States, even though better vehicle safety has helped reduce claims frequency, the Insurance Research Council found in a new report. The IRC, a division of the American Institute For … Source: Claims Journal
Boston-based Liberty Mutual appointed Debbie Michel executive vice president and general manager of its National Insurance Casualty unit, which provides general liability, commercial auto and workers compensation coverage and services to risk management accounts across the country through brokers and … Source: Claims Journal
Leaders of the Philippine outsourcing industry said Monday they expect a big increase in business as the result of a new, highly detailed medical diagnosis coding system adopted by the U.S. for insurance claims. The Philippines is the world’s leader … Source: Claims Journal
Experian, the world’s biggest credit data firm, could face fines and class action lawsuits as well as reputational damage from the data breach at its U.S. business, according to analysts covering the company. Experian’s shares fell about 4.5 percent to … Source: Claims Journal
Injuries from zip line accidents have soared along with the popularity of an activity that hurtles riders through the air, sometimes at dizzying heights above ground, a study of U.S. emergency room data shows. Over 16 years, nearly 17,000 people … Source: Claims Journal