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Albuquerque Still No. 1 for Vehicle Thefts

Despite a 28% reduction in auto thefts over a two-year period, the Albuquerque, New Mexico area still had the nation’s highest vehicle theft rate in 2018, the National Insurance Crime Bureau said a report released today. The Anchorage, Alaska metropolitan … Source: Claims Journal

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Carfax, Topa and UCAR Make Announcements

Carfax Releases Total Loss Valuation Tool Carfax has released a total loss valuation service that is available through its web portal, CarfaxForClaims.com. The new product helps adjusters considering total-loss claims determine a vehicle’s unique pre-accident value using Carfax’s “History-Based Value, … Source: Claims Journal

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Arizona Fire Highlights Hazards for Energy Storage

PHOENIX — Arizona’s largest electric company installed massive batteries near neighborhoods with a large number of solar panels, hoping to capture some of the energy from the afternoon sun to use after dark. Arizona Public Service has been an early … Source: Claims Journal

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Unit at Philadelphia Refinery Completely Destroyed in Fire

The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc’s oil refinery has been completely destroyed, which will hamper the supply of gasoline from the U.S. East Coast’s largest refinery, sources familiar with the matter … Source: Claims Journal

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Facebook Must Face Lawsuit Over 29 Million-User

Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege. The company’s disclosure in September that hackers exploited several software … Source: Claims Journal

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Cyber Insurers Need Loss Data to Properly Underwrite Risks

While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. “It’s really scary to underwrite something when you just don’t know … Source: Claims Journal

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