Archive for January 2023

PASADENA, Texas (AP) — A winter storm that brought severe weather to the Gulf Coast and wintry precipitation to the north was headed east Wednesday, a day after tornadoes caused widespread damage in the Houston area and injured three people … Source: Claims Journal

HALF MOON BAY, Calif. (AP) — An agricultural worker killed seven people in back-to-back shootings at two mushroom farms that had employed him in Northern California and the massacre is believed to be a “workplace violence incident,” officials said Tuesday … Source: Claims Journal

Brush Claims Appoints Claims Chief Brush Claims, an independent claims management company based in Georgetown, Texas, has appointed Clay Rising as chief claims officer. Rising will work closely with insurance carriers while overseeing the company’s global claims organization, the company … Source: Claims Journal

Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the blockchain forensics firm estimated that ransom payments — which are almost always … Source: Claims Journal

Lawyers are bracing for an increase in ESG-related cases as corporate disclosure requirements stiffen around the world. A survey by the law firm Norton Rose Fulbright found that 28% of more than 430 general counsel and in-house litigation leaders said … Source: Claims Journal

Gel manicures might not be the self-care treat that they seem: the lamps used to dry the nail polish emit UV light that can cause DNA mutations often associated with cancer, according to a new study. Researchers from the University … Source: Claims Journal

A hacker group associated with North Korea, the Lazarus Group, also known as APT38, was responsible for the theft last June of $100 million from U.S. crypto firm Harmony’s Horizon bridge, the Federal Bureau of Investigation said on Monday. On … Source: Claims Journal

Heavy snow blanketed wide swathes of Japan on Wednesday, snarling traffic, forcing hundreds of flight cancellations,disrupting train travel and leaving at least one person dead. An unusually cold weather front and extreme low pressure systems set snow falling and strong … Source: Claims Journal

Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on Wednesday, of which less than half was insured. Losses from natural catastrophes covered by the insurance sector amounted to … Source: Claims Journal

When it comes to climate impacts, the frontline of the finance industry is insurance. Last year’s payout from damages caused by extreme-weather events totaled $120 billion—about the same as the economic output of Kenya. And that’s a 50% increase over … Source: Claims Journal