Archive for June 2015

The Hartford and Major League Baseball (MLB) announced a multi-year sponsorship that will make The Hartford an “Official Sponsor of Major League Baseball” and the exclusive business insurance, homeowners insurance and employee benefits partner of MLB. The sponsorship includes the … The post The Hartford Announces Multi-Year Sponsorship of Major League Baseball appeared first on…

Almost 70 percent of businesses experienced at least one hacking incident in the last year, according to a study of business risk managers released by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re. Yet, more … The post HSB Study: 69% of Businesses Reported Being Hacked in the Last Year…

Forest managers would prefer to use prescribed burns every few years to help prevent costly wildfires and rebuild unhealthy ecosystems, but hurdles like staffing, budget, liability and new development hinder them, a new University of Florida study shows. Fighting wildfires … The post Prescribed Burns on the Decline appeared first on Claims Journal. Source: Claims…

Property/casualty insurance information company Verisk Insurance Solutions is teaming with a technology firm to provide insurance companies with the ability to collect automobile odometer readings for insurance rating and usage-based insurance (UBI) programs. The product, called OdometerConfirm, allows insurers to … The post New Product Gives Insurers Ability to Track Mileage with Policyholders’ Smartphones appeared…

The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts. During a webinar hosted by Marsh, insurance experts detailed the top five issues related to business interruption … The post The Changing Landscape of Business Interruption Claims appeared first on Claims Journal.…

The high price of flood insurance can make it difficult for some Iowa residents to sell their homes. The Quad-City Times reports Duane Randleman has been trying to sell for a year-and-a-half and showed his house to more than 60 … The post Iowa Homeowners Find it Hard to Sell Homes Dues to High Flood…

High water is flooding farmland along the Red River in northwest Louisiana, and is likely to remain for months, the National Weather Service said Sunday. Sandbags are available for rural residents, the Caddo Parish Sheriff’s Office said in an email. … The post Water From Texas, Oklahoma Heading to Northwest Louisiana appeared first on Claims…

A prototype of the massive solar-powered drone Google Inc. plans to build as a platform for delivering Internet service from the sky was destroyed in a crash at a New Mexico test site. The unmanned Solara 50 fell to the … The post Google Drone Crashes During New Mexico Test appeared first on Claims Journal.…

Five automakers on Thursday widened recalls of cars and trucks with Takata Corp airbags and the U.S. Congress set a hearing next week on the safety issue that has been linked to six deaths. Takata last week complied with demands … The post Automakers Add More Models to Takata Expanded Recall List appeared first on…

The Federal Emergency Management Agency said Friday it has begun reviewing flood insurance claims of Superstorm Sandy victims, some of whom have said their damages were underestimated. FEMA said in a statement the agency is mailing letters to about 142,000 … The post FEMA Starts Review of Sandy Flood Insurance Claims appeared first on Claims…