News
The annual filing most insurance carriers will use to develop rates for workers’ compensation insurance shows a decrease for the fourth year in a row. The National Council on Compensation Insurance (NCCI) plans to file an overall loss cost decrease … Source: Claims Journal
With network security top of mind, businesses are nearly two times more concerned with losing private data (47 percent ) than hackers disrupting their systems (26 percent), according to the 2016 Network Security and Data Privacy Study, released by San … Source: Claims Journal
General Motors Co. is recalling more than 4 million vehicles, most of them in the U.S., to fix an airbag software defect that has been linked to one death. The vehicles involved in the recall are all from the 2014-2017 … Source: Claims Journal
Washington regularly bills people who are deemed to have negligently started wildfires, but the state isn’t always successful at collecting. The state Department of Natural Resources spent about $45 million fighting 44 of the most recent fires caused by negligence, … Source: Claims Journal
The 37 wastewater disposal wells to be shut down in north-central Oklahoma, where a 5.6 magnitude earthquake struck this weekend, are just a fraction of the state’s total number. There are about 4,200 total wells across the state and about … Source: Claims Journal
A GPS tracker placed a California arson suspect’s vehicle at the scene of a destructive wildfire north of San Francisco last month about a minute before it started, according to an investigation of the suspect in the blaze that destroyed … Source: Claims Journal
The total economic losses of the recent Louisiana floods will be in the range of $10-15 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Public and private insured losses were expected to be in the low-digit single … Source: Claims Journal
Michigan’s workplace safety agency plans to step up unannounced inspections of demolition sites around the state to ensure workers are properly protected against hazards such as exposure to asbestos. The Detroit Free Press reports the Michigan Occupational Health and Safety … Source: Claims Journal
The Florida Office of Insurance Regulation (OIR) and the Department of Financial Services (DFS) are warning state insurance consumers of a scam involving the unauthorized use of Insurance Commissioner David Altmaier’s name and position. According to a statement from OIR … Source: Claims Journal
Ford Motor Co. said it is expanding a safety recall to include about 1.5 million additional vehicles to replace side-door latches that could unlatch while driving. The automaker said on Thursday it has identified one reported accident and three reported … Source: Claims Journal