National News

Wearables to be Broadly Adopted by Insurers Within Next 2 Years

Nearly two-thirds of insurers expect wearable technologies to have a significant impact on their industry, according to a survey of more than 200 insurance executives as part of Accenture’s annual Technology Vision report. The insurance industry report, “Accenture Technology Vision …

Allstate Reports 13% Increase in Profits Due to Better Margins, Claims Costs

Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said first-quarter profit rose 13 percent as margins improved at the property/liability business and catastrophe losses fell. Net income climbed to $677 million, or $1.53 a share, …

Watchdogs Say Trucking-Friendly Plan Not Concerned With Safety

A multimillion lobbying push by FedEx Corp. and other freight carriers may be about to open U.S. highways to a new generation of bigger truck trailers even as watchdogs warn the price will be roadway carnage. A $55.3 billion transportation …

Tips on Education for Adjusters Going into Management

As claims personnel move into management roles, it’s important for them to understand the organizational structure of their employer as well as understand and align with the company’s mission, according to Marty Frappolli, senior director of Knowledge Resources for The …

Commercial Drone Use Stymied by Slow to Act FAA

As U.S. regulators study how to govern commercial drones, corporate America is plunging ahead on using unmanned aircraft in a bid to speed the process and win concessions on proposed restrictions. Large companies including American International Group Inc., Chevron Corp. …

Willis Launches Forensic Accounting Practice

In response to the increasing number of large scale disasters that result in highly complex claims, Willis Group Holdings plc, the global risk advisory, reinsurance broking, and human capital and benefits firm, launched the new Forensic Accounting & Complex Claims …

Critics Scoff at New Oil Train Speed Limits

New U.S. and Canadian speed limits for oil trains will do little to temper the likelihood and severity of explosive accidents that have grown in frequency over the past two years, critics of new regulations said on Friday. Walking a …

New Brake Rule Angers North American Rail Industry

U.S. regulators took on the powerful rail industry on Friday, announcing plans to require expensive, high-tech braking technology the railways insist is unproven and unreliable. Regulators say the new electronically controlled pneumatic (ECP) brakes could reduce the severity of crashes, …

Work Status Before Surgery Strongest Predictor of Return to Work After Lumbar Discectomy

Preoperative working status was the strongest predictor of postoperative working status three months after lumbar disectomy, according to Khoi Duc Than, MD – winner of the Stewart B. Dunsker, MD, award – who presented his research, How to Predict Return …

RIMS Report: Insurance Gamechangers Include Cyber, Talent, Data

Protecting clients against growing and poorly understood risks associated with information technology system failures is a leading concern of the insurance industry today, a group of underwriters and brokers told risk managers this week. Along with cybersecurity, the insurance professionals …

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