Archive for August 2025
Cyber Market Flush With Capacity as Buyers Get More Limit, Low Premium
Cyber insurance remains an area of growth opportunity for property and casualty insurers, particularly in the face of large-scale risk factors. According to a new report, “CYBER: Insights on the current and future state of the US cyber insurance market” … Source: Claims Journal
Read MoreFrom Golf Greens to Sausage Fests: The Wild World of Prize Insurance
Mark Gilmartin grew up around golf, playing in national tournaments from a young age and competing in college. When his amateur golf career didn’t translate into a spot on the professional tour, he turned his love of golf into a … Source: Claims Journal
Read MoreFTC Sues Ticket Reseller for Evading Taylor Swift’s Eras Tour Ticket Limits
The U.S. Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands of tickets to live events including Taylor Swift’s Eras tour and resell them at a markup, according to a complaint filed … Source: Claims Journal
Read MoreHurricane Erin Back to Category 4, on Track to Miss US Coast
Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 … Source: Claims Journal
Read MoreCoastal Communities Restoring Natural Defenses Against Storm Surges, Rising Seas
In San Francisco Bay, salt ponds created more than a century ago are reverting to marshland. Along the New York and New Jersey coasts, beaches ravaged by Superstorm Sandy underwent extensive restoration. In Alabama, a rebuilt spit of land is … Source: Claims Journal
Read MoreYou Can Now Lease an EV for Less Than $100 a Month
A Mercedes EQB starts at $53,000 in the US, but at the moment, the swanky SUV is one of the cheapest cars in the country. In July, Mercedes dealerships were leasing the EQB for $352 a month, including the down … Source: Claims Journal
Read MoreDouble for Trouble: ID Theft Victim Awarded Both Treble and Punitive Damages
A victim of identity theft is entitled to recover both treble damages and punitive damages under Connecticut laws, according to the state’s highest court. The Connecticut Supreme Court found that the dual awards do not violate the common-law rule against … Source: Claims Journal
Read MoreZambia Assures Public Water Is Safe After Mine-Pollution Spill
The Zambian government sought to calm public concerns about pollution levels after a study found that the damage done by a disaster at a Chinese state-owned copper mine in February was much larger than officially reported. “The water is fit … Source: Claims Journal
Read MoreUS Senator Brings Back Idea of Federal Reinsurance Program
Sen. Adam Schiff recently reintroduced his Incorporating National Support for Unprecedented Risks and Emergencies (INSURE) Act to create a federal catastrophic reinsurance program. The insurance industry promptly reintroduced their opposition. “The INSURE Act may sound helpful on paper but would … Source: Claims Journal
Read MoreCourt Clears Trump to Restart CFPB Mass Firings
A divided federal appeals court on Friday cleared U.S. President Donald Trump to resume mass firings at the Consumer Financial Protection Bureau, ruling that a lower court had lacked jurisdiction in temporarily blocking this. However, the U.S. Court of Appeals … Source: Claims Journal
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