News from Assurant Inc., Franklin Street, Grinnell Mutual and more.
Source: Property Casualty 360 People on the move in the P&C insurance industry: Jan. 5, 2018
The derailment of an Amtrak passenger train in Washington state last month that killed three people may have been prevented if a railway crash-avoidance technology mandated by Congress had been activated.
Source: Property Casualty 360 NTSB says speed control system could have prevented Washington state Amtrak crash
More frequent and intense wildfires are making it harder for homeowners to find and keep insurance in California, a state regulator warned Thursday.
Source: Property Casualty 360 California says wildfires are making home insurance unaffordable
Comparator websites have been accused of diverting funds from healthcare and pushing up premiums
Source: Insurance Business Online Comparator websites costing health insurers 0m a year, says Bupa leader
The emergence of insurtech has reshaped the strategic insurance agenda. Here are the top 10 insurtech trends as we enter 2018. Insurtech Trend #1 – Automation will replace human effort across the entire insurance value chain. This is a trend that is not unique to insurance. But it is a trend that will significantly affect the insurance sector. This is because much of the insurance industry still operates in pre-internet ways. It is also because many personal lines are being atomized. Small parcels of insurance protection cannot be packaged and sold with human input and remain cost-effective. It is also because customers demand it.
Source: The Claims Page – USA 10 Insurtech Trends At The Crossroads
The world’s biggest carmakers and technology companies are spending billions of dollars to perfect your ability to drive without thinking. Nissan Motor Co. is taking a different direction – trying to “decode” your thinking so hands-on driving is more fun. …
Source: Claims Journal USA Brain to Vehicle Tech, Nissan’s Car of the Future
Hey, want those photos and files back? It may cost more than it used to. Thank bitcoin. Chubb Ltd., best known for catering to wealthy families and corporations, is among at least three insurers facing a jump in costs tied …
Source: Claims Journal USA Bitcoin Claims, Ransom Demands Skyrocket
As temperatures drop and the risk of winter flooding increases, agents need to know how to best advise their clients on the risks.
Source: Property Casualty 360 What insurance agents need to know about winter flood risks
Hundreds of cars were reduced to burned-out shells in a dramatic multi-story blaze in a parking garage on the waterfront of the northwestern English city of Liverpool on New Year’s Eve¸ emergency services said on Monday.Images showed the remains of vehicles and the building coated in thick¸ gray dust although no-one was hurt. The blaze even melted the concrete floor of the structure in part of the seven-floor block¸ rendering it unstable¸ firefighters said. All the estimated 1¸400 vehicles in the parking garage¸ which has 1¸600 spaces¸ were destroyed¸ Merseyside Police said.
Source: The Claims Page – USA 1400 Vehicles Torched In Liverpool¸ England Parking Garage Fire
In the capital of the U.S. auto industry, drivers have been slow to accept that more Americans are choosing bicycles over cars for commuting or for fun and exercise. While other states adopted bike-friendly safety laws to accommodate cycling’s soaring …
Source: Claims Journal USA Motor State Michigan Tries to Accommodate Bikes
The worst winter storm of the season threatens to bring snow, ice and cold from Nova Scotia to Florida, including a foot or more in Boston and a few inches in Manhattan.
Source: Property Casualty 360 Massive winter storm threatens snow from Florida to Canada
At least one person was killed and another seriously injured in a multi-car pileup involving more than two dozen vehicles on the New York State Thruway near Buffalo¸ authorities said. Weather was a contributing factor in the accident¸ which involved between 15 and 25 cars and 10 tractor-trailers on the eastbound lane of Interstate 90 near Exit 49¸ New York State Police Public Information Officer Michael Cassella told ABC News. The injured patient was transported to a local hospital¸ Erie County’s Executive Mark Poloncarz wrote on Twitter. Others had to be extracted from their vehicles¸ Poloncarz said.
Source: The Claims Page – USA Blizzard Conditions Contribute To Interstate Pileup Near Buffalo
Victorians are being warned of the dangers of buying and using illegal fireworks this festive season.
Source: WorkSafe News Don’t risk lives by using illegal fireworks
A silo manufacturing company in Rochester has been fined $30,000 after a mobile crane ran over an employee’s leg and crushed his foot, which later had to be amputated.
Source: WorkSafe News Worker’s foot amputated after being crushed by crane