Insurance Journal’s Top 10 Cyber Risk Stories of 2019
Blog | 0 comments | by Grace Mera
Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report released in October.
Notre Dame Fire Reveals Global Safety Lapse Over Dangers of Lead Dust
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PARIS (AP) — It took a blaze that nearly destroyed Paris’ most famous cathedral to reveal a gap in global safety regulations for lead, a toxic building material found across many historic cities.
A day after burglars made off with priceless jewels from a German museum, pressure is growing on police to find the culprits. One big reason:
Juul disregarded early evidence it was hooking teens
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(Reuters) — The San Francisco startup that invented the groundbreaking Juul e-cigarette had a central goal during its development: captivating users with the first hit.
Industry Applauds House Panel Backing of Terrorism Reinsurance Renewal
Blog | 0 comments | by Grace Mera
Insurance carriers and agents are applauding a House committee vote advancing a bipartisan measure to renew the federal terrorism reinsurance program.
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Tokio Marine Holdings Inc. has agreed to buy U.S. high net worth insurer Privilege Underwriters Inc. and its specialty insurance subsidiaries, known as Pure Group, for $3.1 billion (approximately JPY 325.5B).
Passengers sue United claiming kickbacks doubled the cost of travel insurance
Blog | 0 comments | by Grace Mera
Travelers have jumped on board a class action complaint aimed at United Airlines over claims that the company pockets an illegal kickback from third-party insurers featured on its website.
How to file an insurance claim after a natural disaster.
Blog | 0 comments | by Grace Mera
DEALING WITH THE IMPACT of a natural disaster such as a hurricane, fire or earthquake can be stress-inducing and traumatic. And though policyholders tend to expect insurance companies to seamlessly fix any natural disaster-related destruction once a claim is filed, that’s not always the case. In fact, consumers often make filing mistakes that cost them thousands of dollars. Without carefully reading the fine print, you may be underinsured or need to pay for coverage out of pocket.
Technology is the identity thief’s best tool
Blog | 0 comments | by Grace Mera
Every year, millions of American consumers — nearly 7% of the population — are victims of scams and fraud. In 2017, the number of fraud victims in the US reached 16.7 million, with $16.8 billion lost.
14 ways new vehicle software is saving lives in 2019
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by Elana Ashanti Jefferson Published in Propertycasualty360.com
- Rear automatic braking applies a vehicle’s brakes to prevent a rear collision when backing up. (Shutterstock)
- Backup cameras provide drivers with a clear view directly behind their vehicle. (Bloomberg)
- Rear cross traffic alerts warn drivers of a potential rear collision that may be outside the view of their backup camera. Here, Hong Bae, director of advanced drive assistance systems (ADAS) and self-driving at Faraday Future, speaks during the 2017 Consumer Electronics Show (CES). (Bloomberg)
- Traffic jam assist automatically accelerates and brakes a vehicle along with the flow of traffic, and keeps the vehicle between lane markings — even on curves. (Shutterstock)
- Highway pilot maintains a vehicle’s lane position and a determined following distance from the vehicle in front by automatically accelerating and braking as needed.
30% of Disaster Claims Settled After Desk Audit Using Munich Re Remote Tool, Images
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Read about the use of technology to quickly assess property damage after a natural catastrophe.
https://www.insurancejournal.com/news/national/2019/07/01/531051.htm
Even as Floods Worsen With Climate Change, Fewer People Insure Against Disaster
Blog | 0 comments | by Grace Mera
Do you need flood insurance? Read the attached article and find out why Flood insurance is so important.
https://www.nytimes.com/2019/06/08/climate/climate-flood-insurance.html?searchResultPosition=2