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Maryland is appealing the federal government’s denial of disaster aid to help the state and Baltimore recover millions of dollars in riot-related costs. The Federal Emergency Management Agency denied Maryland’s request for a major disaster declaration last month, saying aid … The post Maryland Appeals FEMA’s Riot Disaster Aid Denial appeared first on Claims Journal.…
China’s monsoon losses approached $4 billion and the U.S. sustained nearly $500M in insured losses as a result of severe storms in June, according to Impact Forecasting’s latest edition of its monthly Global Catastrophe Recap report. The report evaluates the … The post Aon’s June Catastrophe Report Outlines $500M Insured Losses After U.S. Storms appeared…
The Pacific Ocean’s weather-changing El Nino will probably last into 2016 and be stronger than previously forecast, the U.S. Climate Prediction Center says. El Nino, a warming of the equatorial Pacific, has a 90 percent chance of lasting into next … The post El Nino Predicted to Last Well Into Next Year appeared first on…
The Property Casualty Insurers Association of America (PCI) is remembering the lives lost and those who were significantly impacted by the aftermath of Hurricane Dennis nearly 10 years ago this week. Hurricane Dennis known for intense winds and storm surge … The post Insurers Remember 10 Year Anniversary of Hurricane Dennis appeared first on Claims…
General Motors Co is recalling nearly 200,000 older model Hummer SUVs, mainly in the United States, to fix problems that have led to 42 vehicle fires and three people being burned, the company said on Wednesday. In a separate recall, … The post After Fires Injure 3, GM Recalls Hummer SUVs appeared first on Claims…
A new wave of interrelated, fast-changing risks, reflecting rapid changes in the global economic landscape and the increasing role of technology and multinational expansion as growth drivers, tops the list of concerns for businesses across Europe, the Middle East and … The post Technology, Supply Chain and Regulatory Risks Top Concerns for Global Businesses appeared…
Improved customer service may be just one benefit insurers could see by using Google Glass in their operations. Michael Clifton, vice president of Insurance for Cognizant, described some of the benefits in the company’s white paper last year, Google Glass: … The post Insurance Industry Explores Google Glass Uses appeared first on Claims Journal. Source:…
The Ninth Circuit U.S. Court of Appeals, applying Oregon law, held on June 25, 2015 that a commercial general liability policy purchased three months after the subcontractor-insured inspected property damage to his own work still provided coverage for property damage … The post ‘Known-Loss’ Clause Doesn’t Negate Coverage for Property Damage to Work of Others…
A Seattle, Wash., employer has been cited for multiple serious workplace health violations after a worker became entangled in a rotating shaft while working inside a confined space. In connection with the citation, the Department of Labor & Industries (L&I) … The post Seattle Employer Fined More Than $215,000 for Workplace Safety Violations appeared first…
Frank Pickering has been named assistant vice president of claims for GEICO’s Midwest region. Pickering previously served as auto damage director in the company’s Fredericksburg, Va., regional office. He will begin his new assignment on June 27 at the regional … The post Pickering Named Assistant Vice President of GEICO’s Midwest Claims Operation appeared first…