Archive for November 2016

The Wyoming Supreme Court in Century Surety Co. v. Jim Hipner, LLC, 2016 WY 81, 377 P.3d 784 (2016), engaged in a jurisprudential review of the enforceability of non-prejudicial notice requirements in insurance policies and why courts have moved away … Source: Claims Journal

Every day, millions of Pennsylvania motorists drive on or under one of the commonwealth’s more than 22,000 bridges without ever thinking about its safety and durability. Researchers at Penn State, in collaboration with the Pennsylvania Department of Transportation (PennDOT), however, … Source: Claims Journal

Thousands of property owners may have to purchase flood insurance for the first time as new flood maps go into effect next year in Davidson County, Tennessee. The Federal Emergency Management Agency last month finalized revised flood maps for the … Source: Claims Journal

At a “Home Hacker Lab” event sponsored by Hartford Steam Boiler (HSB), part of Munich Re, and Prescient Solutions, an ethical hacker revealed how cybercriminals work — and what consumers can do to protect themselves. The October 13 workshop in … Source: Claims Journal

U.S. insurers are becoming more skilled at underwriting and pricing stand-alone cyber insurance policies as businesses show a greater interest in protecting themselves from data breaches and attacks, according to the Insurance Information Institute (I.I.I.). “More than 60 carriers offer … Source: Claims Journal

Samsung Electronics’ $8 billion acquisition of the U.S. auto electronics company Harman will instantly transform the South Korean tech company into a major player in the highly competitive and rapidly growing market for auto infotainment, software and connected car technology. … Source: Claims Journal

According to new data analysis from CoreLogic, a large earthquake along the San Andreas fault impacting both Northern and Southern California simultaneously – once considered impossible – could cause up to 126 percent more residential property damage than previously thought, … Source: Claims Journal

Computerized sensors that warn drivers they’re about to rear-end another vehicle or prevent other types of accidents are available on models made by every major auto manufacturer. The problem, according to a U.S. safety agency and accident-prevention advocates, is that … Source: Claims Journal

Earlier this year, Fitch Ratings reported that the commercial auto insurance market suffered its fifth consecutive year of underwriting losses in 2015. The commercial auto combined ratio averaged 106 percent from 2011-2015, Fitch reported. According to James Auden, managing director … Source: Claims Journal

Humans have always been frightened and fascinated by lightning. This month, NASA is scheduled to launch a new satellite that will provide the first nonstop, high-tech eye on lightning over the North American section of the planet. University of Washington … Source: Claims Journal