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Delaware Judge Rules Insurer Must Defend Korn’s Ex-Wife in Porn Defamation Suit

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A federal judge has ruled that an insurance company is obligated to defend the ex-wife of serial political candidate Richard Korn in a defamation lawsuit he filed against her. Liberty Mutual argued that a homeowner’s policy it issued to Magda … Source: Claims Journal

Business News: CoverHound, Tokio Marine America, GEICO

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CoverHound Expands into Commercial Insurance for Small Businesses CoverHound, an insuretech company that allows customers to compare and purchase insurance online, is applying that unique selling proposition to commercial insurance by adding a full suite of business insurance offerings to … Source: Claims Journal

Fitch: Excess/Surplus Insurance Lines Expected to Outperform Standard Market

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Excess and surplus (E&S) underwriters will likely outperform standard market underwriters in 2017 even if underwriting profitability weakens in 2017, according to Fitch Ratings’ latest U.S. Excess and Surplus Lines Market Review report. E&S underwriters outperformed the property/casualty (P/C) industry’s … Source: Claims Journal

Yahoo Password Breach Equivalent to Ecological Disaster

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As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While it’s unknown … Source: Claims Journal

New York City Row House Blast Kills Fire Battalion Chief

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A battalion chief who had been considered a rising star in the Fire Department of New York was killed Tuesday when a row house exploded as he was supervising an evacuation following a report of a gas leak, and authorities … Source: Claims Journal

Researchers Develop Natural Disaster Early Warning System

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Earlier this year, the Laser Interferometer Gravitational-Wave Observatory (LIGO) was able to detect a gravity wave wafting through space from two colliding black holes billions of years ago. Now a group of researchers at Hendrix College in Conway, Arkansas has … Source: Claims Journal

Corporate Pilots Skip Safety Checks on 18% of Flights

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Corporate pilots routinely take off without performing required safety checks, a study of thousands of flights by a trade group has found. Prompted by the 2014 crash of a corporate jet that killed billionaire Lewis Katz, which occurred after pilots … Source: Claims Journal

Damage to Property Without Market Value

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The amount and dollar value of insurance claims relating to property loss alone dwarf all other lines of insurance. Water losses in the U.S. result in more than $9 billion in property damage annually. Fire losses result in more than … Source: Claims Journal

CoreLogic: 60,000 New Orleans Homes No Longer in High Risk Flood Zone

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New data analysis released by CoreLogic indicates that in the Orleans Parish, which encompasses the city of New Orleans, nearly 60,000 homes with a reconstruction cost value of more than $12 billion will no longer be located in a designated … Source: Claims Journal

Energy Drinks, With or Without Alcohol, Contribute to Drunk Driving

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Highly caffeinated energy drinks (EDs) have been of concern to the public-health community for almost a decade. Many young people consume EDs with alcohol to decrease alcohol’s sedative effects and stay awake longer, enabling them to drink more alcohol. Adding … Source: Claims Journal