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Fantasy Sports Sites Target of Lawsuit Citing Fraud

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Fantasy sports companies FanDuel and DraftKings are coming under further pressure as a player in Kentucky accused them of negligence and fraud in a lawsuit. Adam Johnson, a daily fantasy player from Jefferson County, says in the suit that players … Source: Claims Journal

Huge El Nino Expected, But Early Readings Deceiving

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The El Nino raising temperatures across the Pacific and roiling global weather patterns is poised to make the record books, but anyone who tells you which position it will take could be much mistaken. The best tool for measuring the … Source: Claims Journal

Survey: CEOs Overestimate Coverage for Cyber and Reputation Risks

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According to the 2015 International Business Resiliency Survey, conducted by Marsh, a global  insurance and risk management broker, and Disaster Recovery Institute International (DRII), firms consider cyber and IT-related risks to be the most likely to occur and have the … Source: Claims Journal

Smartphones Could Benefit From New Emergency Alert Technology to Fine-Tune Warnings

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Smartphones — owned by a record 64 percent of American adults — are increasingly used as effective means to deliver emergency alerts issued by state and federal agencies. In support of the U.S. Department of Homeland Security (DHS) Science and … Source: Claims Journal

FAA to Back Ban on Lithium Batteries on Passenger Plane Shipments

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The risk of unstoppable fires is prompting U.S. officials to back a proposed international ban on rechargeable lithium battery shipments as cargo on passenger airlines. “We believe the risk is immediate and urgent,” Angela Stubblefield, a Federal Aviation Administration hazardous … Source: Claims Journal

Mercury Names Its 10 Most Affordable Vehicles To Insure in California

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A California auto insurer has just compiled a list of the least expensive cars to insure in the state. Mercury Insurance, a company that has provided auto insurance to California drivers since 1962, had its research and development team examine … Source: Claims Journal

Aon: California Wildfire Claims Reach $1B as Peak Season Begins

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The U.S. economy has sustained $2 billion in wildfire losses – the highest in eight years, according to the latest edition of Impact Forecasting’s Global Catastrophe Recap monthly report. The report, which evaluates the impact of the natural disaster events … Source: Claims Journal

Freedom Specialty Insurance Takes Nationwide Name

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Effective today, Freedom Specialty Insurance Company will be rebranded as Nationwide.  The change was made to leverage Nationwide’s brand recognition, diverse product offerings and financial stability. According to the Company, customers will continue to enjoy the stability of a Fortune … Source: Claims Journal

Scope Manufacturers Ordered to Provide FDA With Safety Studies

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Federal health authorities are ordering manufacturers of specialized medical scopes to study how the reusable devices are cleaned following a series of life-threatening bacterial outbreaks at U.S. hospitals. The Food and Drug Administration said Monday that the three companies must … Source: Claims Journal

‘Psychic Robot’ Could Help Human Drivers Avoid Car Accidents One Day

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What if software could steer a car back on track if the driver swerves on ice? Or guide a prosthesis to help a shaky stroke patient smoothly lift a cup? Bioengineers at the University of Illinois at Chicago have developed … Source: Claims Journal