Monthly Archives: <span>April 2017</span>

Recalled Takata Airbags Being Installed in Used Cars

A Nevada crash that nearly killed a young woman has exposed a hole in the government’s efforts to get dangerous Takata airbag inflators off the road: There’s nothing that prevents the devices from being taken from wrecked cars and reused. …

Mississippi Jury Awards $1.25M to Trooper Hurt in Off-Duty Accident

A jury has awarded $1.25 million to a Mississippi Highway Patrol trooper whose left leg was partially amputated because of an off-duty motorcycle accident. A Jackson County jury handed down the verdict last week against two construction companies that left …

The 8 Deadliest Words and Phrases in Claims

As someone who teaches on-site seminars in “Effective Claims Writing,” I read hundreds of letters, memos, safety evaluation and site inspection reports, workers compensation evaluations, e-mail to brokers and loss control recommendations. Rarely do I see a document that completely …

Tips on Handling the Latest Bad Faith Trends

Institutional attack, reptile theory and rules of the road are three recent bad faith trends, according to Douglas Wood, partner and Insurance Group Practice leader for Morris, Polich and Purdy. Purdy, sat down with Claims Journal during the most recent …

AIG: Large M&A Deals Can Lead to Costly Insurance Claims

The frequency of M&A insurance claims is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American International Group, Inc. study of its representation and warranty …

Texas Woman Injured in Oklahoma Skydiving Accident Awarded $760K

A Texas woman has been awarded $760,000 after she was badly injured in a skydiving accident in Oklahoma. Makenzie Wethington was 16 in January 2014 when her parachute malfunctioned and she fell more than 3,000 feet to the ground in …

Deadly Crash Spurs Tennessee School Bus Safety Bills

In the first legislative session after a school bus wreck in Chattanooga killed six children, Tennessee lawmakers are advancing bills to improve safety, including one measure that would require seatbelts on new buses. On Tuesday, a House committee advanced the …

Laptop Ban Spurs Fire Warning on Batteries in Jet Cargo Holds

The U.S. order prohibiting passengers from carrying laptop computers and other electronics into the cabins of some overseas flights is raising concerns about a risk unrelated to terror: the potential for those devices’ lithium-based batteries to catch fire in the …

Business News: Travelers, JN Phillips Auto Glass, Kespry, TrueMotion

Travelers Offers Customers Cybersecurity Services from Symantec The Travelers Companies, Inc. recently announced that it is making pre-breach cybersecurity services from Symantec Corp. available to eligible Travelers cyber policyholders. Symantec, a global provider of cybersecurity solutions, will offer a cyber …

Insurers Embrace AI to Communicate With Customers

Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to insurance, you’ll just as likely end up dealing with a robot as a human within three years, according to a …