News
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
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
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
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
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
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 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
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
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
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