Archive for January 2018

Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms. In less than a decade, hackers have stolen $1.2 billion worth of Bitcoin and rival … Source: Claims Journal

For senior financial executives at large U.S.-based companies with operations in Texas, Florida or Puerto Rico, last year’s hurricane season brought not only catastrophe to their communities, but a risk management wake-up call for 2018 and beyond. A survey of … Source: Claims Journal

For the fourth year in a row, carrier executives identified the U.S healthcare environment as their top concern for 2018, according to a just released National Council on Compensation Insurance (NCCI) survey od carrier executives. The annual Carrier Executive Pulse … Source: Claims Journal

Where insurance policies require written consent from the insurer to enter into any settlement agreement, it is important to remember to ask, “May I?” Failure to do so may void coverage. That is what occurred recently in One West Bank, … Source: Claims Journal

California Insurance Commissioner Dave Jones and legislators from wildfire-damaged communities across the state unveiled eight bills (six of which have already been introduced) and two additional legislative proposals—all designed to strengthen consumer protections for wildfire survivors making insurance claims who … Source: Claims Journal

Continued concern with the viability of the National Flood Insurance Program (NFIP) has led to growing interest in a private flood insurance market. For the first time last year, the Federal Emergency Management Agency (FEMA) entered into a reinsurance agreement … Source: Claims Journal

The National Oceanic and Atmospheric Administration this week released its list of climate events that have had the greatest economic impact on the U.S. from 1980 to 2017. At $306 billion, last year’s sustained costs due to weather disasters was … Source: Claims Journal

A casino company said Monday it never had a problem with the shuttle boat that burst into flames off Florida’s Gulf Coast, leading to the death of a female passenger. Tropical Breeze Casino spokeswoman Beth Fifer said the company does … Source: Claims Journal

Crews working around the clock cleared boulders, trees and crushed cars from all lanes of U.S. 101, but California officials said Monday the key coastal highway would remain closed for another week after being inundated during mudslides that killed 20 … Source: Claims Journal

A slow-moving landslide in a fertile farming region in Washington state has forced evacuations as officials prepare for what they say is inevitable – the collapse of a ridge that sits above a few dozen homes and a key highway. … Source: Claims Journal