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Auto Insurance Market to Shrink by 70% by 2050: KPMG

Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated research by KPMG. In a 2015 …

Claims Scenarios Resulting From Shipping and Handling Art

Nearly two weeks after Art Basel, a global contemporary art fair that closed June 18, brought together 291 galleries from 35 different countries presenting art from more than 4000 artists, the displayed art has likely been shipped back to its …

Federal Budget Cuts May Hurt Hurricane Predictions

Recent progress in forecasting the intensity of hurricanes – which has lagged behind storm track forecasting – could be undermined by proposed cuts in federal funding for tropical weather research, says the retiring chief of a team of U.S. hurricane …

Florida Family Sues Tennis Star Williams Over Fatal Accident

Tennis star Venus Williams is being sued by the estate of a Florida man who died after a car crash police say she caused. An attorney representing the family of Jerome Barson, 78, filed the lawsuit Friday in Palm Beach …

Auto Claims Will Again Drive Increase in P/C Insurers’ Losses in 2017: S&P

Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to a new S&P Global market outlook. According to the U.S. …

Mazda Parking Brake May Not Hold; Company Issues Recall Due to Crash Risk

Mazda is recalling more than 307,000 cars because the parking brake may not fully release or could fail to hold the cars, increasing the risk of a crash. The recall covers certain Mazda 6 cars from the 2014 and 2015 …

Small Quantities of Opioids Prescribed for Minor Injuries Increase Risk of Longterm Use

Overprescribing of opioid medications for pain has contributed to a record-high number of drug-related deaths in the United States in recent years. A significant part of the issue, experts say, is the vast amount of variation in opioid prescribing habits …

10 Subrogation Mistakes Insurance Companies Keep Making

“Show me the money.” – Rod Tidwell in Jerry Maguire This year is the 20th anniversary of the 1996 romantic comedy Jerry Maguire. Its director, Cameron Crowe, just published the entire 5,000-word mission statement he wrote for his crisis-hit sports …

Menard’s Loses Appeal in Case of Shopper Hit in Michigan Parking Lot

Months after hearing arguments, the Michigan Supreme Court has decided to stay out of a personal-injury case at a big-box store that could have consequences for retailers in the state. The court said it will let an appeals court decision …

Connecticut Town Wants Sandy Hook Wrongful Death Dismissed

The Connecticut town of Newtown and its Board of Education asked a judge to throw out the wrongful death lawsuit filed by the parents of two children killed during the Sandy Hook shootings in December 2012. The lawsuit, filed in …

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