Archive for July 2021

A perfect storm appears to brewing for homeowners and property insurers in the drought-plagued, wildfire-riddled U.S. West – and as odd as it may sound, the trouble may have begun with the pandemic. Property insurance rates and availability for homeowners … Source: Claims Journal

For 21 years, the software company Kaseya labored in relative obscurity — at least until cybercriminals exploited it in early July for a massive ransomware attack that snarled businesses around the world and escalated U.S.-Russia diplomatic tensions. But it turns … Source: Claims Journal

Johnson & Johnson is voluntarily recalling five Neutrogena and Aveeno brand aerosol sunscreen products after detecting a cancer-causing chemical in some samples. The New Jersey-based company said on Wednesday that consumers should stop using the products and discard them after … Source: Claims Journal

U.S. auto safety regulators on Wednesday urged about 50,000 owners of General Motors electric Chevrolet Bolt vehicles that were recalled last year to park outside and away from homes and other structures after charging because of fire risks. Earlier on … Source: Claims Journal

Financial firms may need to bolster their defenses in the face of rocketing cyber attacks after employees began working from home, the Financial Stability Board (FSB) said on Tuesday. The FSB, which coordinates financial rules for the G20 group of … Source: Claims Journal

Two now-former public records officers who blew the whistle about Seattle Mayor Jenny Durkan’s missing text messages have each filed $5 million claims against the city, saying they faced retaliation and felt compelled to resign. Records officer Stacy Irwin, with … Source: Claims Journal

Lawsuits filed in California seek potential class-action damages from Dow Chemical and its successor company over a widely used bug killer linked to brain damage in children. Chlorpyrifos is approved for use on more than 80 crops, including oranges, berries, … Source: Claims Journal

Responding to extreme drought conditions in parts of the country, the U.S. Department of Agriculture (USDA) is authorizing emergency procedures to help agricultural producers. USDA’s Risk Management Agency (RMA) is working with crop insurance companies to streamline and accelerate the … Source: Claims Journal

Total estimated insured losses on land from Hurricane Elsa will be around $290 million. About $240 million of that was from wind and storm surge in the U.S., while the Caribbean islands suffered about $50 million, Boston-based Karen Clark & … Source: Claims Journal

A federal judge rejected a request by New York City to dismiss lawsuits claiming police violated the constitutional rights of people protesting racial injustice after the death of George Floyd last year. U.S. District Judge Colleen McMahon in Manhattan on … Source: Claims Journal