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WATCH Releases List of 10 Worst Toys of 2016

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World Against Toys Causing Harm, Inc. (W.A.T.C.H.) revealed its nominees for the “10 Worst Toys of 2016” and demonstrated the reasons why Flying Heroes Superman Launcher and other potentially hazardous toys should not be in the hands of children. Since … Source: Claims Journal

Notice-Prejudice Rule Adopted in Wyoming

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The Wyoming Supreme Court in Century Surety Co. v. Jim Hipner, LLC, 2016 WY 81, 377 P.3d 784 (2016), engaged in a jurisprudential review of the enforceability of non-prejudicial notice requirements in insurance policies and why courts have moved away … Source: Claims Journal

Researchers Examine Ways to Improve Pennsylvania Bridges

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Every day, millions of Pennsylvania motorists drive on or under one of the commonwealth’s more than 22,000 bridges without ever thinking about its safety and durability. Researchers at Penn State, in collaboration with the Pennsylvania Department of Transportation (PennDOT), however, … Source: Claims Journal

New FEMA Maps Could Mean More Tennessee Residents Get Flood Insurance

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Thousands of property owners may have to purchase flood insurance for the first time as new flood maps go into effect next year in Davidson County, Tennessee. The Federal Emergency Management Agency last month finalized revised flood maps for the … Source: Claims Journal

“Hacker Lab” Event Shows How Cyber Criminals Attack Homes

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At a “Home Hacker Lab” event sponsored by Hartford Steam Boiler (HSB), part of Munich Re, and Prescient Solutions, an ethical hacker revealed how cybercriminals work — and what consumers can do to protect themselves. The October 13 workshop in … Source: Claims Journal

Businesses’ Data Breach Concerns Push Cyber Insurance Market Growth

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U.S. insurers are becoming more skilled at underwriting and pricing stand-alone cyber insurance policies as businesses show a greater interest in protecting themselves from data breaches and attacks, according to the Insurance Information Institute (I.I.I.). “More than 60 carriers offer … Source: Claims Journal

Samsung Pays $8B to Acquire Auto Tech Company

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Samsung Electronics’ $8 billion acquisition of the U.S. auto electronics company Harman will instantly transform the South Korean tech company into a major player in the highly competitive and rapidly growing market for auto infotainment, software and connected car technology. … Source: Claims Journal

CoreLogic’s New Model Confirms a Statewide Quake Possible for California

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According to new data analysis from CoreLogic, a large earthquake along the San Andreas fault impacting both Northern and Southern California simultaneously – once considered impossible – could cause up to 126 percent more residential property damage than previously thought, … Source: Claims Journal

Most Cars Not Equipped With Life-Saving Auto Technology

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Computerized sensors that warn drivers they’re about to rear-end another vehicle or prevent other types of accidents are available on models made by every major auto manufacturer. The problem, according to a U.S. safety agency and accident-prevention advocates, is that … Source: Claims Journal

Uptick in Auto Claims Severity Due in Part to Distracted Drivers

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Earlier this year, Fitch Ratings reported that the commercial auto insurance market suffered its fifth consecutive year of underwriting losses in 2015. The commercial auto combined ratio averaged 106 percent from 2011-2015, Fitch reported. According to James Auden, managing director … Source: Claims Journal