Archive for September 2016

Excess and surplus (E&S) underwriters will likely outperform standard market underwriters in 2017 even if underwriting profitability weakens in 2017, according to Fitch Ratings’ latest U.S. Excess and Surplus Lines Market Review report. E&S underwriters outperformed the property/casualty (P/C) industry’s … Source: Claims Journal

As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While it’s unknown … Source: Claims Journal

A battalion chief who had been considered a rising star in the Fire Department of New York was killed Tuesday when a row house exploded as he was supervising an evacuation following a report of a gas leak, and authorities … Source: Claims Journal

Earlier this year, the Laser Interferometer Gravitational-Wave Observatory (LIGO) was able to detect a gravity wave wafting through space from two colliding black holes billions of years ago. Now a group of researchers at Hendrix College in Conway, Arkansas has … Source: Claims Journal

Corporate pilots routinely take off without performing required safety checks, a study of thousands of flights by a trade group has found. Prompted by the 2014 crash of a corporate jet that killed billionaire Lewis Katz, which occurred after pilots … Source: Claims Journal

The amount and dollar value of insurance claims relating to property loss alone dwarf all other lines of insurance. Water losses in the U.S. result in more than $9 billion in property damage annually. Fire losses result in more than … Source: Claims Journal

New data analysis released by CoreLogic indicates that in the Orleans Parish, which encompasses the city of New Orleans, nearly 60,000 homes with a reconstruction cost value of more than $12 billion will no longer be located in a designated … Source: Claims Journal

Highly caffeinated energy drinks (EDs) have been of concern to the public-health community for almost a decade. Many young people consume EDs with alcohol to decrease alcohol’s sedative effects and stay awake longer, enabling them to drink more alcohol. Adding … Source: Claims Journal

The fatal shooting of a black man by a police officer in Charlotte is only the latest shooting to raise questions about how the department uses body cameras. Six people were fatally shot since body cameras were given to all … Source: Claims Journal

U.S. Transportation Secretary Anthony Foxx said Sunday that his counterparts in the Group of Seven nations welcomed U.S. guidelines on regulating self-driving cars and have agreed to work together on creating such standards to maintain safety. “There was actually a … Source: Claims Journal