News

Swiss Re: Much Lower Catastrophe Costs in First Half of 2017 Versus 2016

According to preliminary sigma estimates, global total economic losses from natural catastrophes and man-made disasters in the first half of 2017 were $44 billion. That was well below the first half annual average of $120 billion of the last 10 …

Stakeholders Examine Insurance Fraud Issues During Federal Hearing

A recent federal hearing on insurance fraud exploring the necessity of a federal fraud fighting program, highlighted how stakeholders work to address and fight the multi-billion dollar industry. The Subcommittee on Consumer Protection, Product Safety, Insurance, and Data Security, held …

Road Deaths Drop Slightly in First Half of 2017, Still Higher Than 2 Years Ago

Preliminary estimates from the National Safety Council indicate motor vehicle deaths in the first six months of 2017 are 1 percent lower than they were during the same six-month period in 2016. However, the country is fresh off the steepest …

Scientists Narrow MH370 Search Area to 3 Spots

Scientists have potentially narrowed the search area for the missing Malaysian airliner to three specific locations in the southern Indian Ocean through new satellite and drift analysis of the 2014 crash released Wednesday. But the Australian Transport Safety Bureau cautioned …

Tiger Woods Had Marijuana, Painkillers in System at DUI Arrest

Tiger Woods had the active ingredient for marijuana, two painkillers and two sleep drugs in his system when he was arrested on a DUI charge earlier this year, a report released Tuesday by prosecutors said. Police in Jupiter, Florida, released …

Activists Oppose Rule Mandating $1M Liability Insurance for Rallies

Some activists are pushing to change rules that require groups to obtain $1 million in liability insurance before holding a protest at the Iowa Capitol, claiming the rule threatens free speech. The Iowa Department of Administrative Services says it will …

Oregon River Guides Face Tougher Standards, New Insurance Requirements

Here are your requirements to be a river guide in inland Oregon – a cardiopulmonary resuscitation certificate, liability insurance, the $150 annual fee and be a reasonably good citizen. What you don’t need? A boat, knowledge of the river or …

Appeals Court Cuts $2M in Legal Fees in Whirlpool Moldy Washer Settlement

A federal appeals court reduced by $2 million the legal fees that Sears Holdings Corp. and Whirlpool Corp. must pay to settle a class action lawsuit over defective washing machines. The reason: the case was not that complicated. The 7th …

Fraud News: Sentencing in California $500K Auto Insurance Fraud Ring

Sentencing for 9 California Residents in $500,000 Auto Insurance Fraud Ring In one of the larger auto insurance fraud cases in the Sacramento region, Michael Charles Young, of Sacramento, the leader of a large auto insurance fraud ring was sentenced …

Stunt Driver Dies During ‘Deadpool 2’ Filming in Vancouver

“Deadpool 2” star Ryan Reynolds is mourning the death of a motorcycle stunt driver killed during production Monday. Reynolds released a statement on Twitter a few hours after the accident near the waterfront in downtown Vancouver. “Today, we tragically lost …

News Archives by Month