California is on fire—again. About 130,000 acres have been scorched in more than 20 major fires actively burning in the state, according to the California Department of Forestry and Fire Protection. But the flames are not the only danger. Post-fire … The post Flames Not the Only Risk From Wildfires appeared first on Claims Journal.…

A Ferrari 365 from 1972 is expected to fetch somewhere around $450,000 during the annual Pebble Beach Concours d’Elegance in Monterey, Calif. this weekend. When it was last bought in 2008, the car was worth $160,000. For the investment, the … The post Why Classic Cars Are Almost Never a Good Investment appeared first on…

George Rogers has been promoted to senior vice president at GEICO. Rogers’ new responsibilities include oversight for the company’s southeast and Midwest operations in addition to his current duties as vice president of regional operations in Lakeland, Fla. Rogers joined … The post GEICO Promotes Rogers to Senior Vice President appeared first on Claims Journal.…

Liability insurance policies typically have two main components: defense and indemnity. North American Specialty Ins. Co. v. Royal Surplus Lines Ins. Co., 541 F.3d 552, 559 (5th Cir. 2008). Most liability policies that are issued provide for defense costs to … The post Fifth Circuit Predicts Texas Law Will Validate Wasting Limit Policies appeared first…

Drones, artificial intelligence (AI) and the Internet of Things (IoT) are considered the top three technologies that will impact claims, according to a new report by Boston-based insurance research firm Strategy Meets Action. The report, The Impact of Emerging Technologies … The post Top 3 Emerging Technologies That Will Positively Impact Claims appeared first on…

U.S. lawmakers are considering steps to reverse a disturbing rise in illegal drone flights, including new government enforcement tools to crack down on rogue flyers, especially near airports, according to people familiar with the matter. Discussions in the House of … The post Congress Considers Measures to Curb Illegal Drone Flights appeared first on Claims…

Two explosions in the Chinese port of Tianjin last week that killed more than 100 people could generate total insurance losses of $1 billion to $1.5 billion, Credit Suisse analysts said, citing initial estimates based on Chinese media reports. Tianjin, … The post Insured Losses From China Blast Estimates May Hit $1.5B appeared first on…

A judge has ruled the Minnesota Department of Transportation and its engineer have immunity from a lawsuit stemming from the death of a former Minnesota State University football player. Fred Statz, 25, collided with a semi-truck at a Waseca intersection … The post Judge Rules Immunity Applies to State, Engineer in Minnesota Crash Suit appeared…

Authorities pulled more bodies from a massive blast site in the Chinese port of Tianjin, pushing the death toll to 112 on Sunday as teams scrambled to clear dangerous chemical contamination. More than 700 people were injured and 95 people, … The post Death Toll Climbs as China Blocks Blast Zone Over Contamination Fear appeared…

Corporate Finance Associates, an international investment banking firm providing merger, acquisition and financial advisory services, announced that it was the exclusive advisor to Eagle Adjusting Services, Inc., a full service property and casualty claims adjusting company, in its sale to … The post Claims Management Holdings Acquires Eagle Adjusting Services appeared first on Claims Journal.…