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New Loss Database Launches Globally as Spending on Art, Antiques Remains Strong

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Spending on art and antiques will remain strong in 2015, according to a Chubb survey of attendees at the Winter Antiques Show in New York. A majority of the respondents – 83 percent – plan to increase (39 percent) or … Source: Claims Journal

Increased Risk of Injury for Multiple Job Holders: Liberty Mutual

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Researchers with the Liberty Mutual Research Institute’s Center for Injury Epidemiology have concluded that individuals who work multiple jobs – approximately 14 million U.S. residents – have a greater likelihood of injury than those holding a single job. According to … Source: Claims Journal

Georgia Resolved $8.5M in Insurance Consumer Disputes Last Year

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In 2014, Insurance Commissioner Ralph Hudgens’ office reported they assisted thousands of Georgia consumers settle disputes with their insurance companies, returning $8.5 million in insurance claims to policyholders, money they might not have received without his help. “Last year representatives … Source: Claims Journal

N.H. Court Finds Illegal Drug Activity Inherently Dangerous, Harmful Thus Liability Can’t Constitute a Covered Occurrence

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New Hampshire courts have developed two tests to determine whether an insured’s act was an accidental cause of injury. One test is subjectively based while the other test is objectively based. See Energynorth Natural Gas v. Continental Ins. Co., 146 … Source: Claims Journal

Where’s the Paint? Subrogating Paint Overspray Claims

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More than 1,000 vehicles a day are damaged by paint overspray in the United States, resulting in more than one-half of a billion dollars in damage and insurance claims annually. Airborne paint overspray results from all sorts of industrial, commercial, … Source: Claims Journal

More Focus on Flight Tracking a Year After Flight 370 Goes Missing

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At 656,000 pounds fully loaded and the length of six school buses, the Boeing 777-200ER is hard to miss. Yet nearly one year ago, Malaysia Airlines Flight 370 vanished, taking the lives of 239 passengers and crew in one of … Source: Claims Journal

Highway Agency Probe Sought in Connection With Guardrail Safety

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Six U.S. senators asked for an investigation of the Federal Highway Administration’s monitoring of roadside safety devices, including a common and allegedly defective guardrail system. The request on Tuesday is the latest in a series of actions stemming from scrutiny … Source: Claims Journal

Ensuing Loss Does Not Resurrect Coverage for Excluded Peril

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In Platek v. Town of Hamburg, 2015 NY Slip Op 01483 (Feb. 19, 2015), the New York Court of Appeals reversed a lower court decision and held that an ensuing loss provision is not intended to resurrect coverage for an … Source: Claims Journal

Extreme Weather Hits U.S. Hard: Munich Re

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Over the past years, persistent extreme weather conditions have triggered severe natural catastrophes and caused losses in the billions. There is a growing number of scientific studies that suggest an increase in quasi-stationary weather patterns and their correlation with the … Source: Claims Journal

Poor Timing as Maine Considers Revoking Seatbelt Law After 75-Car Pileup

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It’s an effort that even the bill’s sponsor acknowledges is poor timing. Just two days after a 75-vehicle pileup injured at least 17 people in the state, lawmakers in Maine are considering legislation that would allow adults to opt out … Source: Claims Journal