Claims News Recap
December 10th - December 14th
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Friday, December 14th, 2018
State Farm is working on a blockchain application to assist in subrogation, leveraging open-source software and in partnership with at least one other insurer. The company’s goal is to establish whether blockchain technology can make subrogation more efficient, in particular by preventing repetitive transfers of funds back and forth between insurers...
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Thursday, December 13th, 2018
A 4.4-magnitude earthquake was reported in Tennessee early Wednesday, officials said. The quake hit about six miles north of Decatur around 4:15 a.m., according to the U.S. Geological Survey. The shaking was felt by residents as far away as Atlanta -- about 149 miles south of the epicenter. A 3.3 magnitude aftershock struck about 10 minutes later, the Center for Earthquake Research and Information reported...
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Wednesday, December 12th, 2018
How do you manage employees when they are all remote? I agree with an inspirational business leader, Marcus Lemonis. There are three things that make your company successful. They are: 1. People 2. Product 3. Processes. Let’s talk about people. I believe the most important of the three is people. Good people can fix processes...
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Tuesday, December 11th, 2018
Victims of recent tornadoes that ravaged central Illinois will soon start rebuilding damaged property. The Illinois Insurance Association urges residents to be on the alert for scam artists posing as legitimate building contractors. Illinois’ Consumer Protection Against Storm Chasers Act protects citizens from those who would prey on them following a natural disaster...
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Monday, December 10th, 2018
“It is my view that this court could, and should, when such an ambiguous policy is before it, hold without equivocation that the provisions which are confusing and ambiguous as to the liability covered will be resolved in favor of the insured...
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