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Quake Near Oklahoma Oil Hub Causes Substantial Damage

A magnitude 5.0 earthquake centered near one of the world’s key oil hubs brought down building facades and shattered windows in a central Oklahoma city, rendering century-old buildings unsafe and raising concerns about key infrastructure. As the sun rose Monday, … Source: Claims Journal

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Tech Innovation Noted as Top Growth Prospect for Reinsurers

Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a just released survey by Guy Carpenter & Company, LLC, global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies. … Source: Claims Journal

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Accenture: One-Third of Corporate Cyber Attacks Succeed

About one-third of targeted attempts to breach corporations’ cyber defenses succeed but three-quarters of executives remain unaccountably confident in their security strategies, Accenture Plc. reported Wednesday in a survey of 2,000 security officers representing large enterprises worldwide. The “alarmingly high” … Source: Claims Journal

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Sharing Economy, New Technology Pose New Questions for Insurers

Emerging risks associated with the sharing economy and new technology pose new challenges for insurers, according to members of the International Association of Claim Professionals (IACP) who sat down with Claims Journal for an exclusive interview. Marc Karnell, global head … Source: Claims Journal

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Since 1969 Nebraska Firm’s Fire Brigade Protects Plant

When fire breaks out in the forge shop of Kearney, Neb.-based Eaton Corp. manufacturing plant, its fire brigade is quick to respond. “We have over 800 pieces of equipment in our facility, so technically there’s 800 opportunities for a fire, … Source: Claims Journal

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Houston Police Report Spike in Pedestrian Deaths

The number of pedestrians in Houston, Texas, who have been struck and killed by cars has spiked this year – already 31 percent higher than the total for all of 2015 – according to police. At least 71 pedestrians have … Source: Claims Journal

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