Archive for December 2023

Think cyber events don’t have long tail? Consider this: Home Depot is still in a legal battle to get $50 million in coverage from two insurers nearly a decade after hackers used point-of-sale machines to hack the retailer. In a … Source: Claims Journal

One year ago, three independent claims adjusters stood before the Florida House Commerce Committee and charged that several insurance companies had frequently and misleadingly altered their damage estimates on wind claims. The chairman of that committee said the men’s allegations … Source: Claims Journal

While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with environmental, social, and governance issues. Agree or not with the premise … Source: Claims Journal

WASHINGTON (AP) — When you buy eyedrops at a U.S. store, you might assume you`re getting a product made in a clean, well-maintained factory that’s passed muster with health regulators. But repeated recalls involving over-the-counter drops are drawing new attention … Source: Claims Journal

Tim Coen, a property investor, loved his Range Rover Sport but decided it was time to go green. He wanted to trade in the gas-guzzling sport utility vehicle for an electric Porsche. There was a snag, however. A string of … Source: Claims Journal

CANBERRA, Austrtalia (AP) — Tropical Cyclone Jasper crossed Australia`s northeast coast on Wednesday as a category 2 storm that lashed the sparsely populated region with winds of up to 140 kph (87 mph). Jasper had intensified from a category 1 … Source: Claims Journal

LAHAINA, Hawaii (AP) — The heart of Lahaina, the historic town on the Hawaiian island of Maui that burned in a deadly wildfire that killed at least 100 people, is reopening to residents and business owners holding day passes. The … Source: Claims Journal

A Swedish prosecutor said Wednesday that a preliminary investigation into the crash of a construction site elevator that killed five people has been expanded to include two more possible workplace violations. The elevator mounted on the outside of a unfinished … Source: Claims Journal

Jose Castillo didn’t ask his insurance company to defend him from a lawsuit that alleged his shoddy construction caused millions of dollars in water damage to a townhouse project, so his insurer didn’t provide a defense. That turned out to … Source: Claims Journal

SAN FRANCISCO —A quest for lower costs and efficiently moving goods and groups of people is pushing demand for driverless technology in trucks and shuttles, even as robotaxis battle renewed doubts after an October accident involving a General Motors Cruise … Source: Claims Journal