New York’s building boom has spurred the formation of a task force to probe corruption in the construction industry after a worker was killed earlier this year. The task force of prosecutors and inspectors was announced last week after two … The post New York City Task Force Targets Construction Industry Fraud appeared first on…

The property/casualty insurance industry has made money on its personal lines underwriting since 2013 but that is likely to change in 2015. At the same time, commercial auto insurance should still make an underwriting profit in 2015 although it is … The post Auto Losses to Continue to Dampen Insurer Profits appeared first on Claims…

Only a small number of U.S. railroads will meet the Dec. 31 deadline for implementing new train safety technology that experts say would have prevented the deadly May 12 Amtrak derailment in Philadelphia, officials said on Friday. A report to … The post Most Railroads Won’t Make Safety Technology Deadline Set by Congress appeared first…

The most serious challenge to Uber Technologies Inc.’s “Be your own Boss” business model might also present an early test to the wider sharing economy as well as undermine its own $50 billion valuation. The immediate battle began  last Thursday … The post Uber Driver Court Case Challenges Independent Contractor Business Model appeared first on…

Eli Lilly on Friday was cleared of liability in the first trial involving claims that its antidepressant Cymbalta caused severe withdrawal symptoms, including suicidal thoughts and electric shock-like sensations, the company said. Eli Lily has been sued by roughly 250 … The post Eli Lilly Cleared of Claims in First Trial Over Antidepressant Cymbalta appeared…

A significant increase in close encounters between passenger aircraft and drones is prompting demands from U.S. lawmakers for tighter regulation and enforcement to avoid a fatal collision. Pilots on four airliners spotted an unmanned craft on Sunday as they approached … The post Close Encounters of the Drone Kind On Rise, Raising Concerns appeared first…

A federal jury has awarded a 2-year-old girl a staggering $17 million, finding that subpar care at a Bellevue hospital led to her severe disability. The verdict issued this week could test Nebraska’s strict cap on medical malpractice awards. Nebraska … The post Nebraska Medical Tort Cap Could Face Test with $17M Jury Award appeared…

Allstate Corp. reported net income fell to $355 million in the second quarter, down from $645 million, as the insurer coped with rising auto claims costs. The Allstate brand suffered an underwriting loss for the quarter. The company stressed that … The post Allstate Sees Auto Claims Rise appeared first on Claims Journal. Source: Claims…

The rise of rampant claims litigation against property insurers following hailstorms in Texas has created a “cottage industry” that not only threatens the financial health of the state’s property insurers, but also puts insurance consumers at risk, says a Dallas-based … The post Attorney Hits Texas Hail Claims ‘Cottage Industry’ Bilking Public, Insurers appeared first…

The U.S. Climate Prediction Center’s updated 2015 Atlantic Hurricane Season Outlook calls for a 90 percent chance of a below-normal hurricane season. A below-normal season is now even more likely than predicted in May, when the likelihood of a below-normal … The post Forecasters Affirm Below-Normal Atlantic Hurricane Season appeared first on Claims Journal. Source:…