The National Mobile Disaster Hospital has opened in a Mississippi city where the local hospital was heavily damaged by an April 28 tornado. It opened Monday in Louisville, and will be used until Winston Medical Center is rebuilt. Local physicians, …
The property/casualty industry’s loss reserve position is slightly improved as of year-end 2013, assuming a continuation of current claims settlement patterns, according to a new study by Conning. “Our view of the property/casualty insurance industry loss reserve position is that …
Medtronic has agreed to pay more than $1 billion to settle long-standing patent litigation with fellow medical device maker Edwards Lifesciences over replacement heart valves. The Minneapolis company also said Tuesday a heavy charge from that settlement helped drop its …
Delaware troopers were busy this past weekend cracking down on traffic violations during a multistate enforcement safety initiative along Interstate 95. The Drive to Save Lives initiative was a one-day effort involving police in all 15 states along the I-95 …
San Francisco fire officials say work being done by a steel subcontractor is believed to have ignited a massive blaze that barreled through an apartment building construction site in San Francisco in March. The San Francisco Chronicle reported Monday that …
In the context of first party property coverage, criminal act exclusions typically have three requirements that must be met before the exclusion is applicable: (1) there must be a policy-defined loss; (2) the loss must be caused by a dishonest …
Louisiana is deflating life-threatening airbag scams with a newly passed bill, announced the Coalition Against Insurance Fraud. The Louisiana bill was passed earlier this month. The measure makes it a specific crime to market or install counterfeit airbags. Crooked body …
Qatar Re announced the appointment of Andrew Deighton as its global head of Claims. In addition, Michael Roth and Marc Tueller were promoted to head of International Property Catastrophe and head of Agriculture, respectively. Deighton has a strong legal background, …
The contraption seems so simple, yet so clever, like something The Professor might have concocted on “Gilligan’s Island.” Researchers at the University of Florida’s Institute of Food and Agricultural Sciences have devised a bedbug trap that can be built with …
A National Transportation Safety Board details how a small plane carrying a Kansas businessman, his wife and their four children plunged to the ground after parts of both wings and the horizontal stabilizer broke off in mid-air. But the report …