Monday 19 November 2012

This Week's Most Popular: Monday, November 19, 2012

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Claims Journal This Week's Most Popular
November 19, 2012

Top 10 for the Past Week

1.Claims Execs See Need to Modernize Claims Systems: Survey
Nov 16, 2012 -- A large majority (85 percent) of claims executives at property/casualty insurance companies see their claims systems as lacking the flexibility and modernity needed to address consumers' evolving needs, according to an Accenture survey of U.S. ...
2.After Sandy, Do You Still Want a Beach House?
Nov 15, 2012 -- The scenes rolling in from the New Jersey shore are devastating, and not just to the people whose homes were destroyed. Also damaged are the "retire with a water view" dreams of others who had aspired to vacation property and may have been thinking ...
3.Business Losses From Sandy Expected to Grow
Nov 15, 2012 -- According to the latest estimates, Superstorm Sandy could cost insurers up to $20 billion in insured losses and up to $50 billion in economic losses. Tom Teixeira, a practice leader in Willis Global Solutions, said the numbers are not surprising. ...
4.Hurricane Sandy Damages Over 65,000 Recreational Boats
Nov 14, 2012 -- Over 65,000 recreational boats were damaged or lost as a result of Hurricane Sandy, according to the Boat Owner's Association of the United States (BoatUS), resulting in damage estimated around $650 million, making the late October storm the ...
5.Ohio Woman Who Drove on Sidewalk Holds 'Idiot' Sign
Nov 14, 2012 -- An Ohio woman caught on camera driving on a sidewalk to pass a Cleveland school bus that was unloading children stood in the cold Tuesday at an intersection holding a sign warning people about idiots. A Cleveland Municipal Court judge ordered ...
6.Steps Ordered to Hold Down Risk at Louisiana Sinkhole
Nov 14, 2012 -- The state has ordered new steps to minimize risk of exposure to natural gas under property where a large sinkhole formed in August in Assumption Parish. The Louisiana Office of Conservation on Monday issued the new round of directives to Texas Brine ...
7.Sears Moldy Washer Suit Can Proceed as a Class Action
Nov 14, 2012 -- Customers suing Sears, Roebuck and Co over alleged mold defects in their Kenmore-brand washing machines can bring their claims as a class action, a federal appeals court ruled on Tuesday. The 7th U.S. Circuit Court of Appeals, in Chicago, found that ...
8.State Farm Ranks Top States for Thanksgiving Cooking Fire Claims
Nov 14, 2012 -- According to State Farm claims data, more cooking fires occur on Thanksgiving than any other day of the year. In fact, grease and cooking-related claims more than double on Thanksgiving Day compared to an average day in November. With the popularity ...
9.Willis Re Damage Survey Identifies Sandy's Storm Surge Impact on Buildings
Nov 13, 2012 -- Damage from storm surge and flooding caused by Superstorm Sandy is widespread and extensive, but there is only minor damage to buildings from direct wind, according to a report released by Willis Re, the reinsurance arm of Willis Group Holdings, the ...
10.AIG Returns Core Insurance Operations to AIG Brand
Nov 13, 2012 -- American International Group Inc. said it will now use AIG as the name for all of its global property/casualty operations, including Chartis, in most locations, and that the company's life and retirement segment is now AIG Life and Retirement. As ...

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