Preliminary results of a catastrophe modelling study presented at the Third UN World Conference on Disaster Risk Reduction show little prospect of reducing economic losses from present levels of $240 billion per year. According to Dr. Milan Simic, senior vice … Source: Claims Journal

Assistant Secretary of Labor for Mine Safety and Health Joseph A. Main told members at the annual convention of the National Stone, Sand and Gravel Association in Baltimore today that mining industry improvements in the past five years have laid … Source: Claims Journal

The Tennessee Supreme Court has announced the creation of a new business court pilot project that aims to make complex commercial litigation more efficient. The new pilot court will be located in Nashville and be overseen by Davidson County Chancellor … Source: Claims Journal

Graco has agreed to pay a $3 million fine to the government for being too slow to report complaints about difficulty opening car seat buckles. The company also must spend $7 million on measures to improve child seat safety, including … Source: Claims Journal

A long-running defamation lawsuit against former Boston Red Sox and New York Yankees pitcher Roger Clemens by his ex-trainer has been settled for an undisclosed amount of money to be paid by his insurer, attorneys said Wednesday after meeting with … Source: Claims Journal

The majority of courts that have considered the question of whether an independent insurance adjuster can be held liable for negligence to policyholders arising from the administration of claims have rejected the cause of action of adjuster negligence. Until recently, … Source: Claims Journal

Two companies have agreed to pay New Jersey a total of $1.6 million and implement safety procedures for problems found in an investigation of an explosion that leveled a neighborhood, killing one person and injuring seven. The New Jersey Board … Source: Claims Journal

Insurance Commissioner Ralph Hudgens says seven central Georgia residents accused of staging a car crash have been charged with insurance fraud. An investigation by Hudgens’ Fraud Division revealed that on September 5, 2013, Kokeythia B. Glover, Stephanie James, Alicia Bell, … Source: Claims Journal

Underground explosions shot manhole covers into the air at a busy downtown Indianapolis intersection on Thursday, disrupting commuters, closing businesses and raising concerns about safety as the city prepares to host the Final Four next month. It wasn’t immediately clear … Source: Claims Journal

A bipartisan bill that would update regulation of harmful chemicals for the first time in nearly 40 years is drawing opposition from some Democrats and environmental groups, who charged on Wednesday that the measure is a step backward in protecting … Source: Claims Journal