Labor seeks explanation for rebate cut on ‘junk’ policies

Scrapping the rebate would affect millions of low-income earners, critics say


Source: Business Online Labor seeks explanation for rebate cut on ‘junk’ policies

Former Westpac head joins Willis Towers Watson

Senior appointment comes as firm seeks to strengthen its Asia-Pacific financial services capabilities


Source: Business Online Former Westpac head joins Willis Towers Watson

Brokers on insurers: last day

Final call for entries and your chance to win a pair of Bose headphones


Source: Business Online Brokers on insurers: last day

Far out Friday: Alleged scammer foiled by dash-cam

Footage serves as yet another example of why dash-cams can be a savvy investment


Source: Business Online Far out Friday: Alleged scammer foiled by dash-cam

IAG announces Investor Day 2018

The group will brief investors about its strategy, with specific sessions on its Australian and NZ businesses


Source: Insurance Business Online IAG announces Investor Day 2018

Hundreds Of Accidents Reported On Slick Minnesota Roads

Roads slickened by a spring snowstorm caused a messy and dangerous commute for drivers throughout the state Tuesday night. The State Patrol and local authorities responded to stalled vehicles¸ spinouts and cars in ditches as snow totaled 8.2 inches in Minneapolis and St. Paul and 6.5 inches in St. Cloud.With a low of 9 degrees overnight¸ roads were expected to be treacherous again into Wednesday. Temperatures below freezing and drifting snow were expected to combine to create continued hazardous conditions. Statewide¸ the patrol reported 421 crashes¸ 32 with injuries¸ in 24 hours from Monday to Tuesday evening.
Source: The Page – USA Hundreds Of Accidents Reported On Slick Minnesota Roads

Waymo CEO Says Self-Driving Tech Not To Blame In Deadly Tesla Crash

As controversy swirls around the death of a Model X driver last month¸ the head of Alphabet Inc.’s self-driving car unit is drawing distinctions between his company’s technology and Tesla Inc.’s Autopilot. Wei Huang¸ 38¸ died March 23 when his crossover using the driver-assistance system Autopilot collided with a highway barrier in Mountain View¸ Calif.¸ and caught fire. Computer logs recovered from the vehicle showed he didn’t have his hands on the steering wheel for six seconds before the crash¸ according to a Tesla blog post.
Source: The Page – USA Waymo CEO Says Self-Driving Tech Not To Blame In Deadly Tesla Crash

450 Homes Impacted By EF1 Tornado

Grove City experienced high winds during Tuesday’s storms. The city says 450 homes and 20 power poles were damaged as a result of the powerful gusts from an EF1 tornado. The southwestern Columbus suburb experienced some of the worst conditions during Tuesday’s severe weather with most of that damage along Hoover Road. Hundreds of homes were still without power Wednesday morning. Approximately 600 customers will remain without power until Sunday¸ according to an AEP Ohio official. Crews will first have to clean up the damage first¸ then install steel poles¸ which is a recent and more durable innovation¸ the official said.
Source: The Page – USA 450 Homes Impacted By EF1 Tornado

Louisiana Legislation to Drop Drinking Age Shelved

Louisiana’s legal drinking age will remain 21, after a state senator Tuesday shelved his proposal to let some younger people buy alcoholic beverages if they’re educated about the risks before imbibing. Sen. Eric LaFleur said he was trying to promote …
Source: Journal USA Louisiana Legislation to Drop Drinking Age Shelved

Florida Bridge Collapse Survivor Copes With Injuries, Anxiety

Richie Humble says flashbacks and anxiety attacks have haunted him ever since a pedestrian bridge near a Florida university fell on the car he was riding in, killing six people including the college friend driving their vehicle. Humble said Monday …
Source: Journal USA Florida Bridge Collapse Survivor Copes With Injuries, Anxiety

The Cost of Subrogation Procrastination

Delays in Referring File to Subrogation Counsel Can Be Expensive In July 2017, we published a somewhat controversial article in the Journal,Ten Subrogation Mistakes Companies Keep Making. Thirty-four years of subrogation litigation experience had distilled ten of the …
Source: Claims Journal USA The Cost of Subrogation Procrastination

Minnesota Woman Advocates For Change In Boat Insurance Law

When Twin Cities TV reporter Courtney Godfrey lost part of her leg in a boating accident over the summer¸ she assumed the boat owner’s policy would help. But she quickly learned the boat’s liability policy excluded her. Because the boat was owned by her husband. “We were like: ‘WHAT?!’” says Godfrey¸ a KMSP-TV reporter who lost the lower portion on her left leg in the propeller after she was flung overboard while the boat was making a turn on Christmas Lake in September. That’s correct: If Godfrey’s sister¸ who was also aboard¸ had been injured¸ the $451-a-year policy would have covered her. “If it would have happened the summer before¸ when we weren’t married¸ I would have been covered¸” she said.
Source: The Page – USA Minnesota Woman Advocates For Change In Boat Insurance Law

Tesla Is Recalling 123¸000 Model S Vehicles

Tesla (TSLA) on Thursday recalled about 123¸000 Model S sedans¸ asking customers with cars built before April of 2016 to have their power steering bolts replaced. A Tesla spokesperson said the company has observed “excessive corrosion” of the part in some cold climates where a certain type of road salt is used. No injuries or accidents have been reported in connection with the issue¸ the spokesperson said. A Tesla spokesperson said that if the bolts fail¸ the driver should still be able to control the vehicle. The issue can make the car more difficult to steer at low speeds and to parallel park¸ and it should “not materially affect control at high speed.”
Source: The Page – USA Tesla Is Recalling 123¸000 Model S Vehicles

1 Dead After Fiery Crash At New Hampshire Tollbooth

One person was killed when a truck crashed into an E-ZPass tollbooth on a major New Hampshire highway on Wednesday afternoon and burst into flames. The crash occurred after 1 p.m. on the Everett Turnpike at the Bedford toll plaza¸ shutting down the northbound side of the highway for nearly two hours. The two left lanes reopened around 3 p.m. Aerial footage from NBC10 Boston’s Sky Ranger helicopter showed the burned wreckage of a vehicle lying in front of the tollbooth. The tollbooth was also damaged¸ with a side panel and speed limit sign lying in the rubble.
Source: The Page – USA 1 Dead After Fiery Crash At New Hampshire Tollbooth

Family Dollar Lost To Fire; Investigation Continues

Investigation into a weekend fire that destroyed the South Main Family Dollar retail outlet on Saturday was still continuing¸ a spokesman with the Hope Fire Department confirmed on Tuesday. “Family Dollar has its own investigator out of Memphis¸ and the fire scene now belongs to them. There should be a report soon¸ but right now¸ the scene is still under investigation¸” the HFD spokesman said. In a brief statement late Tuesday afternoon¸ Kayleigh M. Painter¸ who is Dollar Tree’s manager of Investor and Media Relations at its headquarters in Chesapeake¸ VA¸ said “We are thankful that no customers or associates were injured as a result of this incident.”
Source: The Page – USA Family Dollar Lost To Fire; Investigation Continues

March Madness Risk Planning Starts Early

Last year’s NCAA Final Four men’s basketball tournament was one of the highest attended and most watched games in the event’s history. According to NCAA.com, attendance totaled 153,780 for the games. In the wake of mass shootings and cyber threats, …
Source: Journal USA March Madness Risk Planning Starts Early

Cars "Likely Totaled" Following Flooding In Parking Garage

Wednesday morning thunderstorms left several cars underwater at an off-campus student apartment complex at Texas State University. Students who parked on the bottom floor of the garage at Pointe San Marcos were shocked to find water almost covering their vehicles. “The water just really broke the window and so I have water inside my car¸” said Yahaira Damian who also found her car underwater. Some students tell us their cars were recently fixed. Another said her vehicle was fairly new. “I actually just got it in August of last year¸ it’s a 2015¸” Morales said. None of them know if the water damage will be fixable. “My car is completely dead and I tried to unlock it¸ but it’s done¸” said Morales.
Source: The Page – USA Cars “Likely Totaled” Following Flooding In Parking Garage

Suspected Tornado Tears Roofs Off Homes In Southeast Texas

Seven people were rescued early this morning after the second story of a home was destroyed by a possible tornado in Holiday Beach near Rockport in Aransas County. When our crew arrived on scene¸ severe damage could be seen along Belaire Drive in Holiday Beach. Seven construction workers were rebuilding the home after it was badly damaged by Hurricane Harvey. The men said most of the home was finished being rebuilt. Around 1:30 a.m.¸ the workers got an alert on their phones warning of a tornado in the area.
Source: The Page – USA Suspected Tornado Tears Roofs Off Homes In Southeast Texas

3 Face Variety of Charges in Waterslide Death of Kansas Boy

A water park company co-owner accused of rushing the world’s tallest waterslide into service and a designer accused of shoddy planning have been charged in the decapitation of a 10-year-old boy on the ride in 2016. With the latest charges …
Source: Journal USA 3 Face Variety of Charges in Waterslide Death of Kansas Boy

Chubb makes changes to personal risk line-up in Europe

Major insurer makes moves to bolster capabilities


Source: Business Online Chubb makes changes to personal risk line-up in Europe