Missouri Judge Affirms $4.69 Billion Talc Verdict, J&J Vows To Appeal

A Missouri trial court judge has affirmed the massive $4.69 billion verdict against Johnson & Johnson (JNJ.N) in a case involving 22 women and their families who alleged the company’s talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer.
August 23, 2018 Liability Litigation Missouri

Insurtech Launches Usage-Based Drone Coverage

Insurtech company REIN has launched DroneInsurance.com, with underwriting by Liberty Specialty Markets, providing usage-based insurance for commercial drone operators and simplifying the process of obtaining both base and liability coverage.
August 2, 2018 Excess & Surplus Lines Liability Technology Alabama Alaska Arizona Arkansas California

Families Of Missouri ’Duck Boat’ Sinking Victims Sue Tour Company

The families of four of the 17 people killed when a World War Two-style tourist “duck boat” sank on a Missouri lake during a storm this month have sued the tour operator, saying it recklessly allowed the vessel out in dangerous weather.
July 31, 2018 Liability Litigation Missouri

Woman In Arson, Firefighter Murder Case Has Filed 14 Insurance Claims

Thu Hong Nguyen has operated five nail salons dating back to 2006 and each one them had some kind of catastrophic event — usually a fire — that closed them down for good.
July 23, 2018 Auto Fraud Property Missouri Texas

Weather Service Issued Warnings Of Excessive Winds Before Duck Boat Sank, Killing 17

The National Weather Service in Springfield issued a severe thunderstorm warning Thursday evening for the Table Rock Lake area — nearly 45 minutes before a tourist boat sank, killing 17.
July 23, 2018 Excess & Surplus Lines Liability Litigation Missouri

Eleven Dead, Five Missing, As Missouri Storm Sinks ’Duck Boat’

At least 11 people including children drowned after a tourist “duck boat” sank in a storm on a lake in Missouri and authorities were set to resume a search on Friday for five missing.
July 20, 2018 Excess & Surplus Lines Liability Missouri

Jury Orders Johnson & Johnson To Pay $4.7 Billion In Missouri Asbestos Cancer Case

A Missouri jury on Thursday ordered Johnson & Johnson (JNJ.N) to pay a record $4.69 billion to 22 women who alleged the company’s talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer.
July 13, 2018 Liability Litigation Missouri

NICB’s 2017 Hot Spots Vehicle Theft Report

The Albuquerque, N.M. metropolitan statistical area (MSA) repeats as having the highest per capita auto theft rate in 2017, according to the National Insurance Crime Bureau’s (NICB) latest Hot Spots report.
July 12, 2018 Auto Alaska Colorado Missouri New Mexico

Illegal Fireworks Likely Caused Destruction Of Popular Deli

A fire that authorities suspect was ignited by errant fireworks destroyed a deli in south St. Louis early Thursday.
July 6, 2018 Property Missouri

Adjuster Testifies In Denial Of Third Party Claim Involving Shop’s Repair Procedure

GEICO expects supplements given its estimates are only based upon the exterior of a vehicle, an adjuster supervisor told a Missouri small-claims court last week.
July 2, 2018 Auto Litigation Missouri

U.S. Insurers Face Roughly $2 Billion In Losses From Severe Weather Events In May

Aon has launched the latest edition of its monthly Global Catastrophe Report for the month of May, which found that the US suffered considerable disaster-related losses despite a “quieter” start to the tornado season.
June 12, 2018 Auto Property Colorado District Of Columbia Illinois Iowa Kansas

U.S. Motorcycle Thefts Decreased In 2017

The National Insurance Crime Bureau (NICB) today released its annual report on motorcycle thefts in the United States for 2017.
June 6, 2018 Auto Arizona California Florida Georgia Indiana

NTSB Advocates For Seat Belts On School Buses In Wake Of Fatal Wrecks

For the first time, the National Transportation Safety Board is recommending all new school buses be equipped with lap and shoulder seat belts, after the agency released findings from a special investigation report prompted by two deadly 2016 crashes.
May 24, 2018 Excess & Surplus Lines Legislation & Regulation Alabama Alaska Arizona Arkansas California

Insurance’s Flawed Business Model

At its core, the industry is plagued by an inherent conflict of interest. Our customers don’t have an industry expert advocating solely on their behalf; the experts have financial incentives coming from the insurance industry.
May 24, 2018 Risk Management Alabama Alaska Arizona Arkansas California

Animal-Related Insurance Claims Top 1.7M In Four Years

The National Insurance Crime Bureau (NICB) today released a study on the number of animal-related insurance losses for the years 2014—2017. The data is gleaned from insurance claims for losses that occurred in all 50 states plus the District of Columbia.
May 23, 2018 Auto Alabama Alaska Arizona Arkansas California
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