Archive for September 2017

More than half of U.S. businesses (53 percent) have experienced a cyber attack in the past year, according to a survey of business executives released today by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re. … Source: Claims Journal

The Michigan Supreme Court has agreed to look at the case of a 10-year-old girl who burned her foot on hot coals a day after a Lake Michigan beach bonfire. The century-old Watervale Inn in Benzie County could be liable … Source: Claims Journal

Stronger hurricanes, hotter heat waves, more frequent wildfires and more severe public-health issues are all adding to the costs of climate change, which will reach almost $1 billion a day in the U.S. within a decade, according to a report … Source: Claims Journal

Hurricane Irma will generate up to 70,000 claims and approximately $1.23 billion of insured losses to Citizens Property Insurance Corporation over the next 18 to 24 months, according to initial estimates presented to Citizens Board of Governors on Wednesday. Chris … Source: Claims Journal

Southern California firefighters saved nearly 2,000 homes from a powerful wildfire that burned up to the edges of suburban canyon neighborhoods. Crews hosed down blazing trees within a few feet of homes and one residence was damaged shifting winds sent … Source: Claims Journal

AIG Announces Changes to its Organizational Structure American International Group, Inc. announced it’s plan to make changes to its organizational structure. The company will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter … Source: Claims Journal

The Equifax breach is reminding small business owners that they may be vulnerable to cybercriminals. Companies that provide security and other technology services to small businesses say they’ve had an increase in calls from customers since Equifax revealed that the … Source: Claims Journal

Vendor problems remains top cause of wedding-related claims, according to the Travelers Companies, Inc. The insurer marked its 10th anniversary of offering wedding insurance by highlighting a decade’s worth of wedding costs and claims trends. Matrimonial Money Trends Over a … Source: Claims Journal

A review of eight CarMax Inc. locations by safety advocates found more than one-in-four vehicles reviewed had unrepaired safety recalls, including some with airbag inflators linked to deadly malfunctions. A total of 461 vehicles contained at least one outstanding safety … Source: Claims Journal

On paper at least, the Mexico City school appeared to be structurally sound and built to withstand a major earthquake. But it collapsed, killing 26 people, most of them children. And now authorities are looking into whether an apartment reportedly … Source: Claims Journal