Claims News Recap
January 7th - January 11th
|
Friday, January 11th, 2019
Certain underwriters at Lloyd’s of London, insurance agencies, and Lloyd’s syndicates have been taken to court. A federal class action lawsuit has been filed with the United States District Court for the District of Hawaii over what were described as “virtually worthless” policies. The case centres on surplus lines insurance and points to an alleged scheme designed to drive Hawaiian homeowners away from state-established coverage...
|
|||||||||
|
|||||||||
|
|||||||||
Thursday, January 10th, 2019
A group of juveniles are accused of causing $800,000 worth of damage to mostly high-end vehicles at a Carmax dealership on the North Freeway over the weekend. According to the office of Harris County Precinct 4 Constable Mark Herman, the carnage was reported Sunday at the auto business in the 16100 block of North Freeway...
|
|||||||||
|
|||||||||
Wednesday, January 9th, 2019
Collision claims in states that have legalized recreational marijuana have increased by as much as 6% from January 2012 through October 2017, according to new research from the Insurance Institute for Highway Safety (IIHS) and the Highway Loss Data Institute (HLDI). HLDI analysts estimate that the frequency of crash claims per insured vehicle year rose a combined 6% following the start of retail sales of recreational marijuana in Colorado, Nevada, Oregon and Washington, compared with the control states of Idaho, Montana, Utah and Wyoming...
|
|||||||||
|
|||||||||
|
|||||||||
Tuesday, January 8th, 2019
"Even as we focus on preventing and deterring malicious cyber activity, we must also maintain resilience as events occur.… By applying lessons learned from past incidents we can improve management of future cyber incidents and enhance the country’s cyber-resilience." The view expressed in the CNAP is a realistic one...
|
|||||||||
|
|||||||||
Monday, January 7th, 2019
I have been asked a number of times to provide my perspective on the insurance industry in the time of the Industrial Revolution 4.0. In this piece I’ll do so, but first, how did we get to 4.0? What preceded and led to this brave new world of what’s now called “IR4”? The first industrial revolution occurred in the late 1700s, with most agreeing that the seminal event was the development of the first mechanical loom in England in 1784...
|
|||||||||
|
Having trouble viewing this message? View as a Web Page.
Click here to manage your subscriptions or unsubscribe. |