Approximately 12 to 14 percent of all accidents result in a total loss, a number which has been trending upward since 2002. Insurance companies faced with first party claims on policies are responsible for paying the actual cash value or … The post Recovery of Sales Tax After Vehicle Total Loss appeared first on Claims…

W. R. Berkley Corporation’s Board of Directors announced that the Company’s founder and its current chairman and chief executive officer, William R. Berkley, will become executive chairman on October 31, 2015. At that time, W. Robert Berkley, Jr. will assume … The post W. R. Berkley Corporation Continues Succession Plan appeared first on Claims Journal.…

Police in four Roanoke Valley localities have proposed adopting a Canadian method of reporting car crashes that reduces police involvement. The Roanoke Times reports that if the governments of Roanoke, Salem, Roanoke County and Vinton approve the one-year test program, … The post Virginia Localities Consider First in the Nation Crash Reporting Center appeared first…

Verisk Insurance Solutions, a source of information about property/casualty insurance risk, launched the ISO ClaimSearch mobile application, now available on iTunes and Google Play. The new app will allow users to securely access the Claims Inquiry function on ISO ClaimSearch … The post Verisk Launches ISO ClaimSearch Mobile App appeared first on Claims Journal. Source:…

Theft and vandalism is the leading cause of non-collision auto claims in the summer, according to the latest Seasonal Smarts Digest from Farmers Insurance. Among Farmers Insurance customers during the two year period of 2013 and 2014, almost 30 percent … The post Farmers: Rising Temps Leads to More Auto Thefts and Vandalism appeared first…

Catastrophe modeling, advances in mitigation as well as building design changes are just a few of the areas impacted by Hurricane Katrina nearly 10 years ago, according to Rick Miller, U.S. property practice leader at Aon Risk Solutions. Miller spoke … The post Katrina’s Impact on Commercial Property Insurance appeared first on Claims Journal. Source:…

Travelers announced that Alan D. Schnitzer will succeed Jay S. Fishman as chief executive officer, effective December 1, 2015, and has been appointed to the company’s Board of Directors, effective the same date. Fishman said he will still play an … The post Schnitzer to Succeed Fishman as Travelers CEO Effective December 1 appeared first…

Everyone in Louisiana who buys property insurance will lose 28 percent of a tax credit they can get for covering the debt of the state’s property insurer of last resort. In addition, the reduction is retroactive, meaning those who failed … The post Louisiana’s Mostly Unclaimed Citizens Insurance Rebate Lowered appeared first on Claims Journal.…

When Chrysler introduced the Dodge Charger for the 1966 model year, it wasn’t an overwhelming hit with consumers. Its second generation, however, produced for model years 1968 through 1970, did strike a sweet spot with buyers looking for a muscular … The post NICB Reports Nearly 3500 Dodge Chargers Stolen in 2014 appeared first on…

The families of more than a dozen victims of the Newtown, Conn., school shooting rampage would split $1.5 million under proposed settlements of lawsuits against the estate of the gunman’s mother. The lawsuits filed this year accuse Nancy Lanza of … The post Families of Newtown Victims Would Split $1.5M in a Proposed Settlement appeared…