Industry News
Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be one of its gray areas. “As you go through different owners of risk …
Via: Claims Journal
Carriers risked more potential exposure on residential and commercial HVAC claims in 2023 than t the previous year. The average accuracy increased by more than $2,000 for each claim, according to the new HVACi 2023 Annual Claims Report. Increased parts …
Via: Claims Journal
One-third of ride-share drivers surveyed in a new study reported being involved in a crash while working. Using a cellphone, driving while tired or driving on unfamiliar roads increased the likelihood of a crash, according to the study by University …
Via: Claims Journal
In recent years, we’ve seen worsening climate catastrophes, escalating civil unrest, rising interest rates and the introduction of game-changing technological advancement. While these big-picture changes require critical planning, many professionals in the property and casualty field are frequently working in …
Via: Claims Journal
A 2024 Atlantic hurricane season forecast calls for 23 named storms, 11 hurricanes and five major hurricanes, This is the 41st year Colorado State University’s tropical meteorology project has made forecasts of the upcoming season’s Atlantic basin hurricane activity. Accuweather …
Via: Claims Journal
A late-season storm rolling out of the US Midwest threatens to dump more than a foot of wet, heavy snow on northern New York and New England starting Wednesday night, with parts of New Hampshire and Maine at risk of …
Via: Claims Journal
Axa SA is planning a campaign to help prevent cyberattacks targeting France in the run-up to the Paris Olympics next summer. The insurer will share key measures with French corporate clients to improve the protection of their information systems, the …
Via: Claims Journal
A survey of passenger car and commercial drivers finds that distracted driving is still a significant safety issue, according to a recent survey by insurance carrier, Nationwide. The new latest driving behaviors survey revealed additional risky behaviors impacting all drivers …
Via: Claims Journal
Sanofi SA said it has agreed to settle approximately 4,000 lawsuits accusing the French drugmaker of selling its Zantac heartburn medicine without warning patients that it could cause cancer. The pact, the first major resolution of cases related to the …
Via: Claims Journal
The Oregon Division of Financial Regulation reached a settlement agreement in principle with a cryptocurrency asset platform for violating state securities regulations. The group of affiliated companies known as Abra – Plutus Financial Holdings Inc., Plutus Financial Inc., Plutus Lending …
Via: Claims Journal