Archive for February 2017

With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. All industries need liability and property coverage to protect against cyberattack … Source: Claims Journal

The U.S. was hit by the most January tornadoes in 18 years, in a month when extreme weather caused 27 deaths and more than $1 billion in economic losses, according to a risk modeler. Insured losses from the natural disasters … Source: Claims Journal

Reliability measures of electrical grid has risen to a new norm as it involves physical security and cybersecurity. Threats to either can trigger instability, leading to blackouts and economic losses. New research led by scientists from Michigan Technological University delves … Source: Claims Journal

Relatives of three people who died when the sand at a New Jersey beach gave way beneath their feet begged a judge to permanently close the beach, saying it’s only a matter of time before someone else dies there. Relatives … Source: Claims Journal

Federal water managers declared a first-stage flood emergency for the first time at a popular state park and released water from a dam as warming temperatures sent water from rapid snowmelt into homes and onto roads in northern Utah on … Source: Claims Journal

Washington Man Must Repay More Than $12,000 in Workers’ Comp Scam A service technician who claimed he was too injured to work yet got a job driving a tow truck pleaded guilty Friday in a workers’ comp scam. Kyle Valle, … Source: Claims Journal

A senior Toyota Motor Corp. executive is urging the federal government to keep states from setting their own autonomous vehicle rules, something carmakers say could threaten the emerging industry with a patchwork of contradictory regulations. “A clear and unequivocal statutory … Source: Claims Journal

Montana lawmakers on Thursday moved forward with two measures that seek to prevent patients from receiving huge bills from air ambulance providers that are not in network with their insurance plans. The Senate endorsed a bill on second reading that … Source: Claims Journal

Though usage based insurance (UBI) has been around for some time, the use of telematics is expected to expand, according to Dawn Mortimer, assistant vice president of IoT/Telematics Claims Product Development for Verisk Insurance Solutions. “I’ve worked at carriers where … Source: Claims Journal

When a forest fire threatens your house and you have minutes to run, do you know what you plan to grab besides your family? The photo albums? Computer hard drive? Tax records? Gun collection? Clean underwear? The U.S. Forest Service … Source: Claims Journal