A Kentucky businessman was sentenced on Thursday to 12 years in federal prison for a series of massive frauds, including a $53 million tax scheme, the bribing of bank officials and the defrauding of bank and insurance regulators. Wilbur Huff … The post Businessman Sentenced to 12 Years Prison for ‘Vortex of Fraud’ appeared first…

he judge hearing the trial of a man charged in a deadly Indianapolis house explosion said Wednesday he’ll rule later on whether prosecutors can admit audio recordings of a man who initially survived the blast before dying. Prosecutors argued during … The post Judge to Rule Later in Trial on Admitting Recordings From Indy Blast…

With more than 6.6 million homes on the Atlantic and Gulf coasts at risk of hurricane storm surge in 2015, CoreLogic, a global property information, analytics and data-enabled services provider, estimates the total reconstruction cost value (RCV) at nearly $1.5 … The post More Than 6.6M Homes at Risk of Hurricane Storm Surge Damage This…

ISO,  Verisk Analytics business, announced this week that its new coverage and exclusion options for commercial drones took effect this month in most ISO jurisdictions, providing insurers with tools to help develop innovative solutions for businesses that may use drones. … The post ISO Drone Insurance Coverage Options Take Effect This Month appeared first on…

Economic losses from severe May storms, tornadoes and floods were estimated at nearly $3 billion, with insurance insured losses set to easily exceed $1 billion despite low flood insurance penetration in parts of Oklahoma and Texas, according to the latest … The post May Storms Cause $1B Worth of Insurance Claims appeared first on Claims…

Harvard Law School professor emeritus Alan Dershowitz is suing the TD Garden nearly three years after he slipped and fell in an arena bathroom while attending a Celtics game. The Boston Globe reports that Dershowitz, an advocate for civil liberties, … The post Dershowitz Sues TD Garden for Slip and Fall That Happened 3 Years…

Insureds are satisfied with how their property claims are being handled, according to the latest Advisen Claims Satisfaction Survey. The survey found that obtaining fair settlements was the most important consideration to insureds and brokers when evaluating a property claims … The post Fair Settlements Key to Good Property Claims Handling: Advisen Survey appeared first…

Imagine opening the door to your condominium (“condo”) only to be confronted by several inches of standing water. The first call is to your insurance company, which must then consider not only mitigating, adjusting and paying the claim, but subrogating … The post Subrogating Condominium Damage appeared first on Claims Journal. Source: Claims Journal

Makers of heavy-duty trucks in two years must add electronic stability-control systems to new vehicles, an effort by the U.S. government to prevent rollover crashes that kill about 300 drivers a year and injure 3,000 others. The technology uses engine … The post Feds Order Truck Makers to Add Anti-Rollover Technology appeared first on Claims…

Google Inc. Co-Founder Sergey Brin said one of its driverless car was involved in another rear-end accident, even as he defended the prospects for the self-driving technology. The accident occurred in the past week, Brin said Wednesday during a meeting … The post Google Defends Technology as Another Driverless Cars Gets Rear-Ended appeared first on…