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Rescuers Retrieve 38 Bodies and Recorders From Azeri Plane Crash
Kazakh authorities said that a rescue team has recovered 38 bodies at the crash site of Azerbaijan Airlines’ Embraer SA 190 aircraft as clean-up efforts continue. As many as 29 people survived the crash and are in the hospital, while …
POSTED DECEMBER 26, 2024 1:44 PM |
INSIGHT-Airline Pilots, Crews Voice Concerns About Middle East Routes
In late September, an experienced pilot at low-cost European airline Wizz Air felt anxious after learning his plane would fly over Iraq at night amid mounting tensions between nearby Iran and Israel. He decided to query the decision since just …
POSTED DECEMBER 26, 2024 11:15 AM |
Catastrophe-Bond Issuance Pushes Overall Market to Almost $50 Billion
Catastrophe-bond issuance rose to a record this year, increasing the overall market to almost $50 billion, as insurers transferred more risk from costly climate disasters to private investors. Sales of bonds earmarked for supplemental coverage of large windstorms, earthquakes and …
POSTED DECEMBER 26, 2024 11:01 AM |
Claims Satisfaction Leaders Reveal Secrets to Success
What is the secret to an insurance claims experience that satisfies customers? For years, J.D. Power has conducted surveys and curated lists recognizing insurers that succeed at providing satisfactory claims experiences. Carrier Management recently asked claims leaders at two of …
POSTED DECEMBER 26, 2024 6:21 AM |
What Changes Should Small Businesses Be Aware of for 2025?
For small businesses, the biggest change in the new year will be the arrival of a presumably more business-friendly administration in Washington. But there are other shifts owners should keep on their radar. Among them: changes to state-level overtime and …
POSTED DECEMBER 26, 2024 6:09 AM |
Five Collision Claim Trends to Watch in 2025
The auto insurance industry has weathered its share of storms in recent years. Despite fewer claims in early 2024, carriers still face headwinds when it comes to vehicle complexity and its effect on severity and cycle time. Following are the …
POSTED DECEMBER 26, 2024 6:03 AM |
Allied World Policy Doesn’t Cover Troubled Sperm Bank’s Lawsuits, Court Says
At what point does a demand from an injured party constitute an insurance claim? In the case of a Georgia-based sperm bank, it’s when the injured party sends the letter – a date that came before the clearly worded policy …
POSTED DECEMBER 26, 2024 6:01 AM |
Arthur J. Gallagher & Co. Acquires Durham & Bates in Oregon
Arthur J. Gallagher & Co. acquired Portland, Oregon-based Durham & Bates Agencies Inc. Jeremy Andersen, Sean McCarthy, Christen Picot, Stephanie Murphy, David Hearns and their team will remain in their current location under the direction of Jim Buckley, head of …
POSTED DECEMBER 26, 2024 6:00 AM |
Losses From Crypto Hacks Jump to $2.2 Billion in 2024, Report Says
Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion for the fourth straight year and the …
POSTED DECEMBER 26, 2024 6:00 AM |
California’s Lemon Law is Changing and Car Buyers Have Fewer Protections in the New Year
The year 2025 is shaping up to be a confusing one for Californians unlucky enough to buy a new or used car that turns out to be a clunker. Starting Jan. 1, car buyers who purchase a faulty vehicle will …
POSTED DECEMBER 26, 2024 6:00 AM |
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