Monthly Archives: <span>March 2015</span>

Trinity Guardrail Review Faulted by Product Safety Institute

A U.S. highway agency’s favorable analysis of Trinity Industries Inc.’s guardrail system was criticized by a nonprofit safety group, which said crash-test data show that motorists remain at risk. The Federal Highway Administration announced March 13 that Trinity’s ET-Plus shock-absorbing …

U-M Study Says Devices to Stop Drunk Drivers Could Save 59,000 Lives

Putting technology that prevents drunk drivers from starting a vehicle into every car and truck in the U.S. could save 59,000 lives and $343 million over 15 years, according to a University of Michigan study. In addition, researchers concluded the …

Media Portrayal of Workers’ Comp Fraud Impacts Real Life Claims

The depiction of workers’ compensation fraud in television shows has impacted the public’s perception of the crime, said two experts during a session on the subject at the Combined Claims Conference held recently in Orange County, California. While workers’ comp …

Study Shows Disaster-Related Economic Losses Unlikely to Drop

Preliminary results of a catastrophe modelling study presented at the Third UN World Conference on Disaster Risk Reduction show little prospect of reducing economic losses from present levels of $240 billion per year. According to Dr. Milan Simic, senior vice …

Regulator Says Mine Safety Improved in Past 5 Years

Assistant Secretary of Labor for Mine Safety and Health Joseph A. Main told members at the annual convention of the National Stone, Sand and Gravel Association in Baltimore today that mining industry improvements in the past five years have laid …

Tennessee Supreme Court Creates Business Court, Will Take Cases in May

The Tennessee Supreme Court has announced the creation of a new business court pilot project that aims to make complex commercial litigation more efficient. The new pilot court will be located in Nashville and be overseen by Davidson County Chancellor …

Graco to Pay $10M for Delayed Reporting of Seat-Buckle Complaints

Graco has agreed to pay a $3 million fine to the government for being too slow to report complaints about difficulty opening car seat buckles. The company also must spend $7 million on measures to improve child seat safety, including …

AIG Settles 2008 Roger Clemens Defamation Lawsuit

A long-running defamation lawsuit against former Boston Red Sox and New York Yankees pitcher Roger Clemens by his ex-trainer has been settled for an undisclosed amount of money to be paid by his insurer, attorneys said Wednesday after meeting with …

Vertafore Gathers Leading Agencies and Carriers For The Insurance Industry’s Leading Technology Conference, NetVU 2015

Over 3,000 Insurance Professionals Meet in Indianapolis To See Vertafore’s Latest Innovations Designed to Accelerate Growth For The Entire Insurance Ecosystem Bothell, WA, March 23, 2015 – Vertafore®, the leading provider of software that transforms the business of insurance, today …

Number of Courts Rejecting Insurance Adjuster Negligence Claims Grows

The majority of courts that have considered the question of whether an independent insurance adjuster can be held liable for negligence to policyholders arising from the administration of claims have rejected the cause of action of adjuster negligence. Until recently, …