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

Bungled Boat Repair Claims Stretch More than a Decade, Results in $567,000 Award

What began in 2003 as a $40,000 repair to a yacht will cost Jones Boat Yard in Miami and the boat owner’s insurance company almost 12 times that amount. Twelve years after the loss, following a two-week jury trial, James …

Vermont Looks at Ways to Test for Drugged Drivers

It’s common knowledge that driving with blood alcohol content higher than .08 violates the law. But with marijuana, things are a lot more hazy. As Vermont and other states consider following the lead of Colorado and Washington state in legalizing …

Emission Scandal Leads to VW Recall of 8.5M Diesel Vehicles

Volkswagen AG will embark on one of the biggest recalls in European automotive history, affecting 8.5 million diesel vehicles, after German authorities threw out the carmaker’s proposal for voluntary repairs. The Federal Motor Transport Authority, or KBA, demanded a recall …

Reinsurers Expect Double-Digit Price Declines Amid Merger Frenzy

The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess capital. Reinsurers and brokers …

South Carolina Residents Unprepared for Flash Floods Caused by Small Creeks

Sampson Pringle stood on the roof of his stalled truck on an unfamiliar road in the pouring rain. With water rising around him, he told his fiancee not to worry because he saw help coming. Two days later, after the …

Crawford Names Welsh Vice President, GTS East

Atlanta-based Crawford & Company, a global independent provider of claims management solutions, has named Robert C. Welsh managing director and vice president for Crawford Global Technical Services (GTSSM). While leading the GTS East region, Welsh will use his varied and …

Feds Seek Drone Registry Amid Safety Concerns

The Obama administration is taking the first steps to require that buyers of drones register the unmanned aircraft with the government to combat a growing safety threat, according to a person familiar with the proposal. The U.S. Transportation Department will …

Holes in Indiana Dunes Likely Caused by Buried ‘Ghost Forest’

Trees slowly buried by windblown sand are likely the root cause of dangerous holes that have appeared in a towering sand dune on the Indiana Dunes National Lakeshore. The South Bend Tribune reports that geologist Erin Argyilan believes pockets were …

More States Look to Workers’ Comp Drug Formularies

California is the latest state to pass a workers’ compensation drug formulary and other states are expected to follow suit. In a webinar presentation on State-Based Formularies earlier this month, Don Lipsy, manager of First Script PBM Regulatory Communications, said …

South Carolina Residents Wonder Who Will Pay to Fix Flood Damage

Two weeks ago, South Carolina’s floods sent 6 feet of water into Walt Oliver’s home. Now, after volunteers helped gut the ruined plaster, carpeting, duct work and hardwood floors, it’s “down to studs and subfloors,” he said. Like most residents …