Insurance Roundup, June 23, 2017

Claims Journal

  • Report of Major California Quake a False Alarm
    on 2017-06-23 at 13:23The only tremors from a reported major earthquake off the California coast came on the internet. Seismologists said Wednesday’s automatically generated report of a magnitude 6.8 quake in the Pacific Ocean 10 miles west of Santa Barbara was a false … […]

  • Why Some Planes Don’t Fly in High Heat
    on 2017-06-23 at 09:51When it comes to getting airplanes off the ground in broiling weather, it’s not the heat or the humidity. It’s the air density. Hotter air gets thin, making it harder to take off and land safely, mostly for smaller jets. … […]

  • Dutch Bike Lock App Blocks Rider’s Phone
    on 2017-06-23 at 08:14A telecom company in the Netherlands has teamed up with the country’s traffic safety authority to develop a bicycle lock that also blocks its mobile network, in a move aimed at protecting young riders who regularly pedal through busy streets … […]

  • Waymo Says Ex-Uber CEO Knew of Engineer’s Google Info
    on 2017-06-22 at 16:57Ousted Uber Technologies Inc. head Travis Kalanick learned early last year that the engineer who until recently oversaw the company’s driverless car project possessed discs of information from Google, according to a court filing. Kalanick, who resigned under pressure Monday, … […]

  • Combustible Cladding Found on 600 Blocks Across England
    on 2017-06-22 at 13:32About 600 high-rise apartment blocks in England have been fitted with cladding similar to that used on the London tower in which 79 people died in a devastating fire last week, Prime Minister Theresa May’s office said. Tests are being … […]

Insurance Journal

  • Protecting Unions Is a Labor of Love for Union Insurance Group
    by Stephanie K. Jones on 2017-06-23 at 05:34It can be pretty tough keeping an independent insurance agency up and running successfully long-term if you’re just in it for the money, according to the leader of a Chicago-based agency that is celebrating its 20th anniversary this year. “You’ve … […]

  • Highly Contagious Citrus Disease Spreads to Alabama
    by Amy O’Connor on 2017-06-23 at 05:02A highly contagious bacterial disease that seriously threatens the U.S. citrus industry has been found for the first time in Alabama. Federal and state plant officials confirm that citrus greening was found in leaf and insect samples at a home … […]

  • Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016
    on 2017-06-23 at 05:00Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best. The largest cyber insurance writers are American International Group, XL Group … […]

  • North Carolina Senate Passes Legislation to Reduce Opioid Abuse
    by Amy O’Connor on 2017-06-23 at 04:58Legislation aimed at reducing opioid abuse and overdoses has passed the North Carolina Senate with unanimous bipartisan support. The measure approved Wednesday changes how drugs such as OxyContin and morphine are prescribed and dispensed. The painkillers come with a high … […]

  • Norman-Spencer Agency Redesigns Crane Program; Adds New Coverages, Rates
    by Amy O’Connor on 2017-06-23 at 04:36Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has expanded its crane division with a program redesign to include additional coverages and new rates. According to Brian Norman, president of Norman-Spencer, the new program allows the company to … […]

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