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Ensuing Loss Does Not Resurrect Coverage for Excluded Peril

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In Platek v. Town of Hamburg, 2015 NY Slip Op 01483 (Feb. 19, 2015), the New York Court of Appeals reversed a lower court decision and held that an ensuing loss provision is not intended to resurrect coverage for an … Source: Claims Journal

Extreme Weather Hits U.S. Hard: Munich Re

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Over the past years, persistent extreme weather conditions have triggered severe natural catastrophes and caused losses in the billions. There is a growing number of scientific studies that suggest an increase in quasi-stationary weather patterns and their correlation with the … Source: Claims Journal

Poor Timing as Maine Considers Revoking Seatbelt Law After 75-Car Pileup

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It’s an effort that even the bill’s sponsor acknowledges is poor timing. Just two days after a 75-vehicle pileup injured at least 17 people in the state, lawmakers in Maine are considering legislation that would allow adults to opt out … Source: Claims Journal

Asiana Settles Lawsuits Over Crash at San Francisco Airport

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Asiana Airlines Inc. settled 72 personal injury claims in lawsuits filed over a July 2013 crash landing at San Francisco International Airport and is continuing to negotiate with other passengers. The airline announced the settlement Tuesday in a federal court … Source: Claims Journal

Identity Theft Insurance: Is it Worth It?

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Anyone who isn’t in a high state of alert about safeguarding his or her identity is either in massive denial or is a fatalist. The data breach at Anthem put about 80 million consumers at risk of ID theft, states … Source: Claims Journal

Top 10 States With Most Tornado Claims: State Farm

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Tornado and high winds are some of the most destructive forces of nature. While tornadoes are frequent in the Great Plains, South, and Midwest, there is no state in the country that isn’t at risk. Insurance helps policyholders to recover … Source: Claims Journal

Federal Agency Outlines Common Cyber Threats and Risk

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While cybersecurity threats are constantly evolving, many cyber criminals use variations of the same methods of cyber attack. Specifics of these attacks may differ, but the nature of the attacks stay the same. Cyber criminals take advantage of a user’s … Source: Claims Journal

FEMA Exec Tells ’60 Minutes’ He’s Seen Evidence of Fraudulent Reports

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The head of Federal Emergency Management Agency’s (FEMA) flood insurance program acknowledged he has seen evidence of fraudulent engineering reports that may have been used to deny flood claims by Superstorm Sandy victims, according to CBS’s “60 Minutes” program that … Source: Claims Journal

Insurers Improve Claims Satisfaction for 3rd Year in a Row: J.D. Power

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With fewer catastrophic storms than prior years, insurance providers have been able to focus time on and apply lessons to managing non-catastrophic claims, which has resulted in a third consecutive year of higher overall satisfaction among homeowners who have filed … Source: Claims Journal

Michigan Aims to be Nation’s Leader in Thwarting Cyberattacks

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Michigan is aiming to invest in cybersecurity and position itself as a national leader in the field as attacks on governments increase. The state receives more than 730,000 attempted cyberattacks daily, and that number is rising as hackers and thieves … Source: Claims Journal