Thu.Aug 22, 2024

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Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments

Insurance Journal

New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments.

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Are Many Restoration Contracts Unenforceable Because They Lack a Specific Price and Scope of Work?

Property Insurance Coverage Law

Insurance restoration contractors have a lot on their plate. They are not building based on new plans but repairing already-built structures. Many of the damages are hidden, and the party whom everybody is counting on to finance the repair, the insurance company, is often not in a position to approve or promise any reconstruction project … The post Are Many Restoration Contracts Unenforceable Because They Lack a Specific Price and Scope of Work?

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Unseasonal Winter Heat Across Australia Raises Wildfire Risks

Insurance Journal

Australia is facing elevated wildfire risks months ahead of the summer fire season, as an unusually warm winter scorches parts of the continent and threatens to set temperature records.

Risk 290
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Does a sagging floor constitute a “collapse”? Court finds ambiguity in “collapse.”

The Property Insurance Law Observer

In Life Skills, Inc. v. Harleysville Insurance Company , 2024 WL 3792261 (D. Mass. 2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. Background The plaintiff-insured provided residential and day habilitation services in a property covered by a commercial package insurance policy issued by the defendant-insurer.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Cyber Risk: West Virginia OIC Plans to Dispose of Older Workers’ Comp Files

Insurance Journal

The West Virginia insurance commissioner’s office has adopted a new policy: It will soon begin destroying workers’ compensation claim files that are 10 years old or older.

More Trending

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Amazon Is Boss of Subcontracted Drivers, Labor Board Prosecutors Say

Insurance Journal

Amazon.com Inc. was legally the boss of a group of subcontracted delivery drivers, US labor board prosecutors have concluded, rejecting the company’s claims that workers in its sprawling delivery network aren’t its employees.

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Unprecedented railway strike in Canada begins

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Unprecedented railway strike in Canada begins appeared first on Insurance Marine News.

Marine 105
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Safety Regulator Closes Probe into GM’s Cruise Robotaxis

Insurance Journal

The National Highway Traffic Safety Administration said it was closing its preliminary investigation into the hard braking and immobilization issues in 1,194 autonomous ride-hailing vehicles operated by General Motors’ Cruise unit.

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Indian High Court orders sale of seized vessel: report

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Indian High Court orders sale of seized vessel: report appeared first on Insurance Marine News.

Marine 105
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Take the Hassle Out of Claims Management

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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Collapsed Rail Bridge Gets Controlled Demolition After Severe Flooding

Insurance Journal

NORTH SIOUX CITY, S.D.

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Crew rescued from Sounion tanker in Red Sea

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crew rescued from Sounion tanker in Red Sea appeared first on Insurance Marine News.

Marine 105
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Markets/Coverages: Hanover Enhances Work Safe Program; Berkley Adds AttorneyShield to EPL Portfolio; Encore Fiduciary Moves Into Management Liability

Insurance Journal

The Hanover Enhances Its Holistic Work Safe Program The Hanover. Insurance Group has expanded its Hanover Work Safe, a group of services promising a personalized approach to worker safety and claims handling.

Liability 264
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More than 700kg of cocaine discovered in a week at Rotterdam

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post More than 700kg of cocaine discovered in a week at Rotterdam appeared first on Insurance Marine News.

Marine 102
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Propane Blast Levels Pennsylvania Home, Kills Woman and Injures Man

Insurance Journal

An explosion that leveled a home in northeastern Pennsylvania, killing a woman and leaving a man seriously injured, was apparently caused by a propane leak, state police said. The blast in Jefferson Township, near Scranton, was reported around 2 p.m.

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A retirement checklist for small business owners.

Frankenmuth Insurance

Planning for retirement is a complex task for anyone, but it’s even trickier for business owners. In addition to the usual questions, like “How much do I need?” and “Do I have enough saved?,” entrepreneurs also need to decide what they’ll do with their businesses after they retire. To help you plan, ask yourself these two questions, then follow our retirement checklist for business owners.

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Vanderbilt Plans $520 Million Palm Beach Campus, Tapping into Migration of Wealth

Insurance Journal

Vanderbilt University is asking local Florida officials to approve its proposal to build a $520 million campus in the wealthy Palm Beach area, tapping into a growing region transformed by new outposts of financial firms.

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Blog Post: Launch of LexisNexis Protégé for Lexis+ AI Stirs Up Buzz at ILTACON 2024

LexisNexis

The 2024 edition of ILTACON , the premier educational and networking event for the legal technology sector, wrapped up in Nashville on August 15 th and attendees returned to their offices around the world with fresh insights into successful strategies for today’s transforming legal industry. During the 4.5-day conference, one announcement had industry experts and influencers excited about the personalized future of generative AI for the legal industry.

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Scrap Metal Dealer Pleads Guilty in Multistate Catalytic Converter Theft Conspiracy

Insurance Journal

A scrap metal dealer with a Virginia shop pled guilty this week to theft and tax charges related to his participation in a multi-state catalytic converter theft conspiracy.

Theft 264
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Women in Coal Mining

CDC: Workers Compensation

When thinking of mining, many picture male coal miners. This is because most miners are men, and many depictions of coal miners are of men wearing hardhats and dusty reflective coveralls. Women have been working in various capacities above ground in coal mining since coal was first commercially used in the U.S. in the early 1700s. However, it wasn’t until 1974 that women were formally recognized and included in the underground coal mining workforce.

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U.S. Transport Safety Board Opens Investigation Into Tesla Crash in California

Insurance Journal

The U.S. National Transportation Safety Board has opened an investigation into a crash and fire involving a Tesla electric semi-truck on a California highway, the agency said late Wednesday.

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Colonial Penn Life Insurance Review Plus Sample Rates!

Simply Insurance

Our Colonial Penn life insurance review explains how their life insurance product works, explains who they are, and goes over their financial stability.

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AM Best Revises Outlook for Missouri Farm Bureau Group

Insurance Journal

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of Farm Bureau Town and Country Insurance Company of …

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Protecting Data and Privacy for Remote Workers: Cybersecurity Tips and Best Practices

Mark Jackson Insurance Agency

Computer in a home office by Ken Tomita The shift towards remote work has introduced numerous benefits for businesses worldwide, including increased flexibility and reduced overhead costs. However, this shift also presents new challenges in data security and privacy. As remote work becomes more prevalent, protecting sensitive information against cyber threats is paramount.

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The Hilb Group Expands Central Region Presence With Texas Acquisition

Insurance Journal

The Hilb Group announced that it has acquired a Texas-based property and casualty agency, adding to the company’s expanding presence in the Central region of operations. The company did not name the acquired agency.

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Marine round-up : 23rd August 2024

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 23rd August 2024 appeared first on Insurance Marine News.

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Insurance Technology: Aon Tool Analyzes and Quantifies Potential D&O Losses

Insurance Journal

Corporate risk managers looking to gauge the likelihood that their directors and officers will be sued and how much that might cost have a new digital tool to help them.

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Are container ship fires on the rise again?

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Are container ship fires on the rise again? appeared first on Insurance Marine News.

Marine 52
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Why the Canadian Freight Rail Halt Will Roil North American Supply Chains

Insurance Journal

Canada’s two main freight rail companies locked out around 10,000 of their Canadian unionized workers early on Thursday, starting an unprecedented simultaneous work stoppage that will grind almost all railway freight movement in the country to a halt.

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First officer licence suspended

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post First officer licence suspended appeared first on Insurance Marine News.

Marine 52
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Crew Evacuated From Houthi-Stricken Oil Tanker in Red Sea

Insurance Journal

The crew of a ship that suffered several attacks in the Red Sea has been evacuated with naval support.

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Grenada triggers ‘hurricane clause’ to suspend bond payments

Elmore

First-ever debt pause linked to natural disaster could spur wider adoption The post Grenada triggers ‘hurricane clause’ to suspend bond payments appeared first on Elmore Insurance Brokers.

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Remnants of Hurricane Ernesto Trigger Wind and Rain Warnings in Scotland

Insurance Journal

Yellow weather warnings are in place for Scotland on Thursday, as the remnants of Hurricane Ernesto bring strong winds and heavy rain.

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