Posts by Y@DminG

AIR Worldwide Releases Updated Wildfire Model for the United States Catastrophe risk modeling firm AIR Worldwide (AIR) released an updated Wildfire Model for the United States. The model is designed to provide a comprehensive view of the risk of wildfire … Source: Claims Journal

Giant cranes loading and unloading gargantuan barges. Oil tankers, supply vessels and pipelines serving a vital energy industry. Flood control structures. Chemical plants. Cruise ships. Drinking water sources. All computer-reliant and tied in some way to the internet. All of … Source: Claims Journal

A new survey from the Insurance Research Council (IRC) finds that while phone calls remain the most common method consumers use to manage their auto insurance, many consumers are eager to use digital methods to accomplish the same tasks. Sixty-nine … Source: Claims Journal

A study from the California Workers’ Compensation Institute shows the likelihood that indemnity was paid on a workers’ comp claim increased with the number of concurrent prescriptions the injured worker was on. Concurrent use of multiple medications to treat one … Source: Claims Journal

Workers’ compensation insurance is a safety net for employees who are injured on the job, as well as for their employers. It pays for lost wages, medical expenses and other expenses and benefits incurred by an injured worker. Sometimes, however, … Source: Claims Journal

Results of a new behavioral study into what influences the decision to recall a defective product found that medical device firm managers may rely on their physician-customers to screen out detectable defects, in lieu of issuing a recall. The study … Source: Claims Journal

In the course of a week, two major property/casualty acquisitions were announced. The Hartford announced it intended to acquire Navigators and Safeco announced it would acquire the personal auto and personal property book of business from QBE North America. The … Source: Claims Journal

A woman who often walked her dog near a golf course lagoon across the street from her vacation home was killed Monday by an alligator that dragged her into the greenish water at a private resort on the South Carolina … Source: Claims Journal

Indonesia’s disaster agency says earthquakes that killed more than 500 people on the island of Lombok in the past month and caused half a billion dollars in damage don’t rise to the level of a national emergency. The agency’s response … Source: Claims Journal

As temperatures rise in the U.S. West, so do the flames. The years with the most acres burned by wildfires have some of the hottest temperatures, an Associated Press analysis of fire and weather data found. As human-caused climate change … Source: Claims Journal