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19 08, 2022

Fire Consumes Once Famous Grossinger’s Hotel in New York’s Catskills

By | August 19th, 2022|Uncategorized|Comments Off on Fire Consumes Once Famous Grossinger’s Hotel in New York’s Catskills

LIBERTY, N.Y. — A fire consumed a building at the site of the long-closed Grossinger’s resort, once among the most storied and glamorous hotels in New York’s Catskills. In its heyday after World War II, Grossinger’s drew hundreds of thousands …

19 08, 2022

Florida’s Deadly High Speed Rail to Get $25 Million Safety Improvement

By | August 19th, 2022|Uncategorized|Comments Off on Florida’s Deadly High Speed Rail to Get $25 Million Safety Improvement

Tracks used by the nation’s deadliest railroad will see added fencing to keep pedestrians away and safety improvements at crossings under a $25 million federal grant announced Monday. Brightline and government officials announced the grant as the privately owned passenger …

19 08, 2022

Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Insurance Plan

By | August 19th, 2022|Uncategorized|Comments Off on Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Insurance Plan

The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an elaborate fraud that forged …

19 08, 2022

Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick

By | August 19th, 2022|Uncategorized|Comments Off on Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick

The number of U.S. products recalled this year has already surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick’s brand protection division. Only two other years on record have seen more than 1 billion units …

19 08, 2022

Technology Delivering New Data Sources for Claims Investigations

By | August 19th, 2022|Uncategorized|Comments Off on Technology Delivering New Data Sources for Claims Investigations

The driver of the 2021 Toyota Sienna said he crashed because another car bumped the rear of his vehicle while passing on the right, causing him to lose control. It was the wrong car for lying about the cause of …

19 08, 2022

Viewpoint: Can Intelligent Automation Ensure the Survival of the Insurance Industry?

By | August 19th, 2022|Uncategorized|Comments Off on Viewpoint: Can Intelligent Automation Ensure the Survival of the Insurance Industry?

The economic viability of the insurance industry’s current business model has been in question for several years. McKinsey’s 2022 Global Insurance Report shows that 52% of the industry’s global equity had a return on equity (ROE) lower than their cost …

19 08, 2022

U.S. Businesses in Taiwan See Limited Impact From Tensions With China

By | August 19th, 2022|Uncategorized|Comments Off on U.S. Businesses in Taiwan See Limited Impact From Tensions With China

Most members surveyed by the American Chamber of Commerce in Taiwan said they had not been significantly affected by recent Chinese military drills around the island, but had heightened concerns, the group said on Friday. China, which claims Taiwan as …

19 08, 2022

China Sentences Tycoon Xiao to 13 Years, Fines His Financial Services Group $8.1 Billion

By | August 19th, 2022|Uncategorized|Comments Off on China Sentences Tycoon Xiao to 13 Years, Fines His Financial Services Group $8.1 Billion

A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China. Xiao and Tomorrow Holdings …

19 08, 2022

Heavy Rain Continues to Flood New Zealand, Forcing Evacuations

By | August 19th, 2022|Uncategorized|Comments Off on Heavy Rain Continues to Flood New Zealand, Forcing Evacuations

WELLINGTON, New Zealand (AP) – Heavy rain continued to pelt New Zealand on Thursday, causing further disruptions and road closures from a storm that has already forced hundreds of people to evacuate their homes. Residents in the northern part of …

19 08, 2022

Insured Losses From February’s European Windstorms Estimated at €3.7B: PERILS

By | August 19th, 2022|Uncategorized|Comments Off on Insured Losses From February’s European Windstorms Estimated at €3.7B: PERILS

Insured losses for the European windstorm series, which affected the British Isles and continental Europe in February 2022, are estimated at €3.739 billion (US$3.8 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The windstorm …