Archive for April 2024

Thousands of homes and businesses were without power this week as severe weather roared through several states, causing at least one death and spawning possible tornadoes. Parts of Ohio, Pennsylvania, Kentucky, Mississippi, Alabama, Tennessee, West Virginia, Virginia and Georgia were … Source: Claims Journal

The U.S. Army Corps of Engineers said Thursday it expects to open a new channel to the Port of Baltimore by the end of April, freeing up commercial shipping blocked by a collapsed bridge, and then restore port access to … Source: Claims Journal

A 2024 Atlantic hurricane season forecast calls for 23 named storms, 11 hurricanes and five major hurricanes, This is the 41st year Colorado State University’s tropical meteorology project has made forecasts of the upcoming season’s Atlantic basin hurricane activity. Accuweather … Source: Claims Journal

In recent years, we’ve seen worsening climate catastrophes, escalating civil unrest, rising interest rates and the introduction of game-changing technological advancement. While these big-picture changes require critical planning, many professionals in the property and casualty field are frequently working in … Source: Claims Journal

One-third of ride-share drivers surveyed in a new study reported being involved in a crash while working. Using a cellphone, driving while tired or driving on unfamiliar roads increased the likelihood of a crash, according to the study by University … Source: Claims Journal

Carriers risked more potential exposure on residential and commercial HVAC claims in 2023 than t the previous year. The average accuracy increased by more than $2,000 for each claim, according to the new HVACi 2023 Annual Claims Report. Increased parts … Source: Claims Journal

Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be one of its gray areas. “As you go through different owners of risk … Source: Claims Journal

The Federal Emergency Management Agency and the Small Business Administration today have distributed more $20 million in disaster recovery assistance for survivors in San Diego County. It is part of an effort by FEMA and the California Governor’s Office of … Source: Claims Journal

A late-season storm rolling out of the US Midwest threatens to dump more than a foot of wet, heavy snow on northern New York and New England starting Wednesday night, with parts of New Hampshire and Maine at risk of … Source: Claims Journal

Axa SA is planning a campaign to help prevent cyberattacks targeting France in the run-up to the Paris Olympics next summer. The insurer will share key measures with French corporate clients to improve the protection of their information systems, the … Source: Claims Journal