Archive for August 2018
Study: Impacts of El Niño and La Niña to Intensify as Climate Warms
When an El Niño or its opposite, La Niña, forms in the future, it’s likely to cause more intense impacts over many land regions — amplifying changes to temperature, precipitation, and wildfire risk — due to the warming climate. These … Source: Claims Journal
Read MoreFor the World’s Super Rich, Litigation Funding Is the New Black
When shares of AMP Ltd. plunged earlier this year after the firm was engulfed in a fee-for-no-service scandal, the Australian wealth manager was hit within weeks by the first of five separate class action lawsuits. It wasn’t just the seriousness … Source: Claims Journal
Read MoreCarrier Management Reports on Sexual Harassment in P/C Insurance Industry
Wells Media Group publication Carrier Management is releasing a four-part series exploring sexual harassment in the property/casualty insurance industry. In part one of the series, The P/C Insurance Industry’s #MeToo Moments, published Aug. 27, Carrier Management shares the results of … Source: Claims Journal
Read MoreUtah Sees Most Wildfires in 15 Years
The 370 structures burned in Utah wildfires so far this year is more than the previous five years combined and the most in the last 15 years. Structures lost to Utah wildfires in the last five years combined would not … Source: Claims Journal
Read MoreStates Reconsider Confidentiality Agreements in Workplace Harassment Cases
Confidentiality agreements have come under fire during the #MeToo movement as one way abusive men have been able to hold on to their jobs, and keep harassing more women. State lawmakers are listening. They introduced bills in at least 16 … Source: Claims Journal
Read MoreMass Shooting at Esports Event Raises Calls for More Security
A champion gamer’s decision to open fire Sunday afternoon during a video competition – killing two people and wounding nine others before killing himself – has prompted calls from gamers for more security at esports tournaments. “It’s very clear that … Source: Claims Journal
Read MoreToyota Invests $500M in Uber to Get Self-Driving Cars on the Road
Toyota Motor Corp. is expanding an alliance with Uber Technologies Inc. through a new investment and a plan to get self-driving cars on the road, said a person familiar with the matter. The Japanese automaker will invest about $500 million … Source: Claims Journal
Read MoreAmbiguous Grant Of Collapse Coverage Construed In Policyholder’s Favor
Invoking the familiar insurance contract interpretation doctrine of California and other jurisdictions, that truly ambiguous policy wording must be construed against the insurer drafting it, the U.S. District Court for the Eastern District of California decided on August 16, 2018 … Source: Claims Journal
Read MoreHurricane Lane Drops Close to 4 Feet of Rain on Hawaii
A once-powerful hurricane twisted and drifted away from Hawaii, leaving behind heavily saturated ground on the Big Island and many residents on other islands relieved it didn’t wreak more havoc. Firefighters on the Big Island rescued 39 people from floodwaters … Source: Claims Journal
Read MoreCalifornia Releases Plan to Assist Utilities With Wildfire Costs
California lawmakers outlined a proposal to help PG&E Corp. and other utilities cope with billions of dollars of potential damages from deadly wildfires that ravaged the state last year. SANTA ROSA, CA, Coffey Park in Santa Rosa, California, where wildfires … Source: Claims Journal
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