Takata is adding a new type of air bag inflator to the nation’s largest automotive recall. The company filed documents with the U.S. government adding 2.7 million vehicles to the recall from Ford, Nissan and Mazda, all with a type of inflator that previously was thought to be safe.
Drug users, desperate to break addictions to heroin or pain pills, are pawns in a sprawling national network of insurance fraud, an investigation by The Boston Globe and STAT has found.They are being sent to treatment centers hundreds of miles from home for expensive, but often shoddy, care that is paid for by premium health insurance benefits procured with fake addresses.
A large house fire caused significant damage to a neighboring car dealership in Milwaukie Tuesday morning. Clackamas firefighters were called to the scene in the early morning hours near McLoughlin Boulevard and Holly Avenue. The structure was reportedly vacant and bordered the family-owned Volstice Auto car dealership.
In what is believed to be the first case of its kind to use data from a beating heart as evidence, a Butler County judge ruled Tuesday that evidence from a pacemaker used to get a Middletown man indicted for arson can be presented at trial.
Relief was arriving after a rough stretch of wildfires all around the U.S. West, with firefighters slowly surrounding once-fierce blazes and evacuees starting to stream back home. Authorities surveying the damage from a blaze in Northern California said Tuesday that at least 41 homes and 55 other buildings had been destroyed near the town of Oroville.
As much as a fifth of medical diagnoses in workers’ compensation claims involve errors that cost workers’ compensation systems billions, a 10-year study from a medical consulting service found.
In the first of this series of four segments, we looked at the current state of the risk markets and the insurance industry. In this segment, we will look at how peer-to-peer (P2P) fits.
Hidden dangers lurk beneath the streets of New York City by virtue of over 6,000 miles of aging pipelines transporting natural gas to thousands of buildings. The city’s underground network of pipelines is one of the oldest in the country; The Center for an Urban Future reports that the average age of the pipes is 56 years old.
The National Association of Insurance Commissioners (NAIC) has introduced a new assessment tool to help consumers determine whether they should consider usage-based insurance (UBI).
With over 90% of the world’s trade being carried by sea, insurance industry analysts warn that the shipping industry is a prime target for cyber attack. Last month, a division of Danish transport company A.P. Moller-Maersk was hit by a cyber attack that affected several port terminals, including in the United States, India, Spain and the Netherlands.
Just because a carrier can’t get a hold of their at-fault policyholder or hasn’t received word of the crash from them doesn’t excuse them from having to pay third-party claims, the state of Minnesota reminded insurers and residents last month.
More than 6,000 firefighters battled 14 large wildfires across California Monday as hot, dry and windy conditions in many areas fanned flames, forcing thousands of evacuations and destroying dozens of structures.
2016 wind and hail loss information released last week by the Texas Department of Insurance (TDI) show that homeowner losses from hail in Texas were the highest annual losses ever recorded, as they exceeded $5 billion. Combined wind damage and hail losses to residential property also set a record at nearly $6 billion.
Despite a decade of prominence, the Age of the App may be over. The future of auto claims could belong to the chatbots. Equipped with AI and machine learning capabilities, these computer software programs can conduct natural language-like conversations with customers in real time.
New data out Friday from the National Oceanic and Atmospheric Administration shows that there have been nine extreme weather events — each racking up more than $1 billion in losses — during the first half of 2017. An average year between 1980 and 2016 had just 5.5 major events, after adjusting for inflation.
