Archive for January 2024

Allstate named Mike Fiato executive vice president and chief claims officer. Fiato will oversee the strategic and operational direction of the claims organization, which employs more than 16,000 employees globally and handles more than 6.5 million claims annually. Fiato has … Source: Claims Journal

When a baseball umpire, well-traveled in college baseball conferences, went to a hospital for X-rays on his surgically repaired ankle in 2015, a hospital attendant pushing the ump’s wheelchair accidentally bumped his foot against a desk. The question that has … Source: Claims Journal

A rapidly increasing number of federally insured properties flooding repeatedly signals the need for state and federal action to improve protections for homeowners, a new Natural Resources Defense Council analysis shows. NRDC used data from the Federal Emergency Management Agency … Source: Claims Journal

Hawaii followed by Florida are the most dangerous states for two-wheelers, with either a pedal or motor-bike involved in nearly one third of fatal crashes in Hawaii, a new report shows. The study, commissioned by Florida-based personal injury law firm … Source: Claims Journal

The Kansas court system needs at least $2.6 million in additional funds to recover from an October cyberattack that prevented the electronic filing of documents and blocked online access to records for weeks, the state’s top judicial official told legislators … Source: Claims Journal

Nearly 75% of the U.S. could experience damaging earthquake shaking, a recent U.S. Geological Survey report shows. A USGS-led team of more than 50 scientists and engineers in the latest USGS National Seismic Hazard Model created a color-coded map that … Source: Claims Journal

The US and UK’s decision to hit back at Houthi militants after weeks of attacks on merchant shipping in the Red Sea has only escalated the chaos across the shipping industry, underscoring the threat of an enduring supply-chain crisis as … Source: Claims Journal

Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123 billion in 2023, the fourth consecutive year to exceed $100 billion, according to Gallagher Re’s annual Natural Catastrophe and Climate … Source: Claims Journal

According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate increase of 17.6%—and its private-auto insurance peers in the U.S. did the same. All 10 of the … Source: Claims Journal

First responders such as law enforcement personnel, firefighters and emergency medical service providers experienced increased levels of stress, anxiety and depression due to job-related pressures associated with the COVID-19 pandemic, a new study shows. Additionally, their exposure to work-related stress … Source: Claims Journal