Claims News Recap
October 9th - 13th, 2017
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Friday, October 13th, 2017
XL Group Ltd. reported on Wednesday a preliminary estimate of approximately US$1.33 billion relating to Hurricanes Harvey, Irma and Maria. For the third quarter of 2017, total catastrophe losses, including smaller loss events, are preliminarily estimated at approximately US$1.48 billion...
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Thursday, October 12th, 2017
Some of America’s Top 6 insurers are already testing Tractable’s artificial intelligence photo estimating system — technology which could possibly replace human desk review on up to 70 percent of auto collision claims, according to the company’s founders. Tractable’s AI can identify individual exterior auto parts from photos and classify each part’s damage as repairable, replace-only or unscathed...
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Wednesday, October 11th, 2017
If at first you don’t succeed at getting a truck to rear-end you, do it yourself. That’s what investigators say a Delray Beach man did after slamming his brakes in an effort to have a crash with the tow truck behind him so he could collect insurance money. It was all part of a staged crash in which Mauril Aldophe filed an insurance claim, blaming the other driver...
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Tuesday, October 10th, 2017
A Florida man trekked through the strongest part of Hurricane Nate to capture flooding of a Biloxi casino on video. Mike Theiss, a storm chaser and National Geographic photographer, took video of flooding from the first floor of Golden Nugget Casino Resort Saturday night as the eyewall of Nate made its way over Biloxi and the rest of the Mississippi Coast...
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Monday, October 9th, 2017
The U.S. Labor Department Bureau of Labor Statistics (BLS) just published data as of August 2017 on detailed insurance industry employment, and the Insurance Information Institute (I.I.I.) website contains updated multi-decade trend data in chart form. Data for the last few months are preliminary and are often revised later, but revisions are usually small...
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