Archive for April 2021

DETROIT (AP) — For President Joe Biden to reach his ambitious goal of slashing America’s greenhouse gas emissions in half by 2030, huge reductions would have to come from somewhere other than one of the worst culprits: auto tailpipes. That’s … Source: Claims Journal

The Hartford CEO Christopher Swift expressed confidence that the property/casualty insurer has weathered the worst of the COVID-19 pandemic and that related concerns about business interruption claims have become minimal. “I have never been more excited about The Hartford’s future,” … Source: Claims Journal

The number of Americans taking mental health prescription medication is up 6.4% in the last year, which means that 65 million people (1 in 5) are now prescribed medication to help them cope with stress, anxiety or depression, according to … Source: Claims Journal

Hackers who sought $40 million in ransom from a South Florida school district that refused to pay have now published nearly 26,000 stolen files. Many of the files, dated from 2012 to March 2021, contain Broward School District accounting and … Source: Claims Journal

Cyber attacks and data loss are the top two risks facing directors and officers, with pandemic-related changes in working practices heightening these concerns, according to a global survey from broker Willis Towers Watson and law firm Clyde & Co. Covering … Source: Claims Journal

Britain’s goal to be a leader in adopting self-driving cars could backfire unless automakers and government regulators spell out the current limitations of the technology, insurance companies warn. Insurers are key players in the shift to automated driving, with some … Source: Claims Journal

Auto insurer Geico recently reported that fraudsters have been stealing license numbers of its customers for the past few months and possibly using them to fraudulently apply for unemployment benefits. In a data breach notification filed with California’s data privacy … Source: Claims Journal

A bill working its way through the Oklahoma Legislature would allow for the creation of an assigned risk plan providing workers’ compensation insurance. Senate Bill 524 would also repeal the CompSource Mutual Insurance Company Act; CompSource Mutual is currently the … Source: Claims Journal

Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed insolvent by Florida’s insurance regulator earlier this month. The Florida Department of Financial Services, which serves as the receiver for … Source: Claims Journal

The family of a 5-year-old boy who drowned during a kayaking excursion has reached a $7.2 million settlement in a lawsuit against the Hawaii private school that operated the spring break program. In announcing the amount Monday, lawyers for the … Source: Claims Journal