News
A group of U.S. drilling states, seismologists, academics and industry experts issued guidance Monday in a frank new report on handling human-induced earthquakes caused by hydraulic fracturing or the disposal of fracking wastewater. The 150-page report, produced by the StatesFirst … Source: Claims Journal
A new study looking back over 1,000 years finds the flooding risk along the New York and New Jersey coasts increased greatly after industrialization, and major storms that once might have occurred every 500 years could soon happen every 25 … Source: Claims Journal
Medical professional liability insurance for the U.S. property/casualty industry continued its years-long decline in 2014 in terms of net written premium volume, hammered by everything from worsening accident-year results to a rapidly evolving healthcare market, Fitch Ratings found. Fitch said … Source: Claims Journal
The U.S. Securities and Exchange Commission’s metrics for computing annual enforcement statistics are “deeply flawed,” making the agency falsely appear as though it is getting tougher every year, a new academic study concluded. The draft study by Emory University law … Source: Claims Journal
Volkswagen announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand to try to move on from the scandal over its cheating on diesel emissions tests. New Chief Executive Matthias Mueller said the German … Source: Claims Journal
A total of 4,679 fatal work injuries were recorded in the United States in 2014, an increase of 2 percent over the revised count of 4,585 fatal work injuries in 2013, according to results from the Census of Fatal Occupational … Source: Claims Journal
With a payment and an apology, Lance Armstrong has settled a decade-long dispute with a promotions company that sought repayment of more than $10 million in bonuses it paid the former cyclist during a career that was later exposed to … Source: Claims Journal
Mississippi has the eighth highest rate of collisions with deer. Mississippi Highway Patrol Sgt. Criss Turnipseed tells The Commercial Dispatch there were 3,438 vehicle collisions with deer in the state last year. According to State Farm Insurance Company, which looked … Source: Claims Journal
A Montana man was acquitted of arson in a fire set outside his parents’ house but convicted of trying to make it look like a Yellowstone County sheriff’s detective was responsible for setting the blaze. Lionel Ellison, 56, was found … Source: Claims Journal
Berkley FinSecure, a W. R. Berkley Company, promoted Megan M. Manogue to assistant vice president and chief claims officer. Working with a team of claim handlers and legal resources she will be responsible for the successful management of all claims … Source: Claims Journal