Posts by Y@DminG

The Oklahoma Supreme Court on Tuesday struck down part of the state’s workers’ compensation law, saying the provisions deprived workers of their due process rights and created a subclass of workers. The 7-2 decision invalidates a portion of the law, … Source: Claims Journal

Extraverted older adults and conscientious, curious teens may be more likely to engage in risky driving behavior, while agreeable teens are less likely to drive distracted, according to new research from the University of Alabama at Birmingham. In the study … Source: Claims Journal

A Greek ship owner was arrested by London police as he left court after testifying in a $77 million lawsuit against the insurers of a ship that was allegedly damaged by pirates off the coast of Yemen. Police officers told … Source: Claims Journal

Shipping losses continue their long-term downward trend with 85 total losses reported worldwide in 2015, according to the Allianz Global Corporate & Specialty (AGCS) fourth annual Safety and Shipping Review 2016, which analyzes reported shipping losses of over 100 gross … Source: Claims Journal

Most risk professionals believe that forecasting risk will not get any easier in the next three years, with cyberattacks and regulation topping the list of areas from which emerging risks will likely arise, according to a new report published jointly … Source: Claims Journal

Motorcycle thefts increased 6 percent in 2015, according to a new report by the National Insurance Crime Bureau (NICB). A total of 45,555 motorcycles were reported stolen in 2015 compared with 42,856 reported stolen in 2014. Motorcycle thefts have been … Source: Claims Journal

Do your privacy policies give a clear, conspicuous and accurate statement of the company’s practices? The major federal privacy statute applicable to insurers is Gramm-Leach-Bliley, 15 U.S.C. § 6801 et seq., which applies to all financial services companies. A number … Source: Claims Journal

Toyota Motor Corp. said it will collaborate with the University of Michigan on a research base near the school’s Ann Arbor campus to focus on autonomous vehicles, the third center under a $1 billion investment by the automaker. Gill Pratt, … Source: Claims Journal

Internet-connected and driverless cars could be targets for hackers – potentially including terrorists and hostile nations – so the automotive industry must ensure vehicles have built-in cybersecurity protection, a top U.S. Justice Department official said. “There is no Internet-connected system … Source: Claims Journal

Any business that uses vehicles in their operations needs to make auto safety a corporate priority, according to a newly released report by Chubb. The report examines new and longstanding risk exposures facing companies that use vehicles for business operations. … Source: Claims Journal