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Xactware Annual Property Report Highlights Most Common Contents Claims

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Jewelry and watches remain the costliest content claims items, according to the latest Xactware Annual Property Report. Data from the company’s 2015 report was outlined recently during the Verisk Monday webinar. In its eleventh year, the property report on the … Source: Claims Journal

California Workers’ Comp Claim Costs Level Off the Longer They Stay Open

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New analysis of the average California workers’ comp medical loss, indemnity benefit and medical cost containment (MCC) payments on accident year (AY) 2005 through 2014 lost-time claims valued through June 2015 reveal mixed results, with more developed data on older … Source: Claims Journal

Nation’s Water Systems Repeatedly Exceed Federal Lead Standard

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This railroad town promotes its ties to Abraham Lincoln, Ronald Reagan and the poet Carl Sandburg. But Galesburg’s long history also shows in a hidden way: Aging pipes have been leaking lead into the drinking water for decades. Blood tests … Source: Claims Journal

The Emerged Hail Risk: The Balanced Solutions

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It has been a busy week. Again, not surprisingly, my article last week entitled “The Emerging Hail Risk: What The Hail Is Still Going On and Getting Worse” generated a lot of discussion. Mostly positive (even Chip Merlin has nice … Source: Claims Journal

New Type of Ransomware is Sign of Future Danger

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An unusual strain of virus-like hacker software that exploits computer server vulnerabilities – without requiring human interaction – is a leading example of a new generation of “ransomware,” according to a new report by Cisco Systems Inc. Hackers use such … Source: Claims Journal

Oregon City Will Begin Charging for False Security Alarms

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The city of Bend, Ore., plans to start enforcing false alarm fees after responding to more than 2,000 such calls in each of the past two years. The City Council in 2012 approved fees of $250 for a second false … Source: Claims Journal

Lax Safety Standards Highlighted After Deadly Temple Fire in India

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Despite visions of India being a developed country with high-tech smart cities, modern roads and high-speed trains, this past weekend’s deadly fire at a Hindu temple shows that the country still suffers from poor safety standards and a pervasive failure … Source: Claims Journal

IIHS: Ford Ranks at Top as Safest Full-Size Pickup

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Ford Motor Co’s F-150 Super Cab pickup truck was the only 2016 model large pickup truck to receive a “top safety pick” after new tests by the Insurance Institute for Highway Safety (IIHS), the agency said on Tuesday. Two pickups … Source: Claims Journal

Federal Court Rules CGL Insurance Covers Data Breach

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A federal appeals court in Virginia has upheld a lower federal court in ruling that a commercial general liability policy (CGL) may cover a data breach. In a case involving the publication of private medical records on the internet, the … Source: Claims Journal

Suit Pits Archdiocese vs. Insurer in Connecticut Priest Sex Abuse Cases

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The Roman Catholic Archdiocese of Hartford has taken its dispute with an insurance company to trial, seeking reimbursement of more than $1 million in payments made to settle sexual misconduct cases involving priests and minors. Testimony began Friday in a … Source: Claims Journal