Verisk Insurance Solutions, a source of information about property/casualty insurance risk, announced that the Relative Hazard Percentile is now provided on all field surveys performed by the company. By comparing a commercial property with millions of peer properties, the proprietary … The post Verisk Adds Hazard Scoring to Commercial Property Surveys appeared first on Claims…

More than 84 percent of fraud mitigation professionals interviewed see fraud that crosses multiple industries in their investigations, according to a newly released LexisNexis Fraud Mitigation Study. The study revealed that multi-industry fraud has a moderate to high financial impact … The post Better Data Sharing Key to Fighting Growing Problem of Cross Over Fraud…

According to CoreLogic hazard risk analysis, a total of 927 homes, or 23 percent, with a total reconstruction cost of more than $221 million are at “Maximum Risk” or “Moderately High Risk” from the Rocky Wildfire occurring in the following … The post CoreLogic: More Than 900 Homes at Risk From California Rocky Wildfire appeared…

Physical and privacy risks relating to wearable devices has prompted a familiar face in the safety arena to research the technology. With so many questions relating to wearable device safety, Underwriters Laboratories has delved into the wearable technology space, said … The post UL Testing Safety, Privacy Issues Related to Wearable Devices appeared first on…

A U.S. House panel this week asked NASA to explain why it hasn’t launched an independent review of the explosion on June 28 of a SpaceX Falcon 9 rocket, as it did after the earlier explosion of Orbital ATK Inc’s … The post Congressional Panel Questions NASA on Why it Isn’t Probing SpaceX Blast appeared…

American Family Insurance will test the use of unmanned aircraft systems – commonly referred to as drones – to accelerate its response to catastrophes, after receiving approval for the testing from the Federal Aviation Administration (FAA). The company expects to … The post American Family Latest Insurer to Get FAA Approval for Drone Testing appeared…

Two more people in the Bronx have died of Legionnaires’ disease, bringing the total of fatalities to 12 in the largest outbreak of the disease in New York City history, officials said Monday. There are now 113 reported cases of … The post Legionnaires’ Outbreak Claims 12 Lives in New York City appeared first on…

Takata Corp., whose exploding airbag modules have been tied to eight fatalities and the largest-ever U.S. automotive recall, is planning an extensive advertising campaign to urge consumers to get the defect fixed. The outreach efforts for a series of massive … The post Takata Plans Ad Campaign to Alert Drivers of Recalled Airbag Risk appeared…

Reverse bad faith refers to a cause of action which would allow the insurance company to assert a counterclaim for affirmative relief against an insured who brought a frivolous, bad faith action. Steven Plitt and Jordan R. Plitt, 1 Practical … The post Sixth Circuit Court Predicts Kentucky Will Reject the Adoption of Reverse Bad…

As Jason Thrasher lowered his helicopter to a park with seven firefighters aboard, he saw what he thought was another firefighting chopper battling a blaze that was threatening homes. The California Department of Forestry and Fire Protection pilot suddenly identified … The post Several Drone Near Misses Reported by Emergency Responders appeared first on Claims…