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On April 3, 2015, over a dissenting opinion, the state Court of Appeal in Los Angeles held in Ong v. Fire Ins. Exchange that a vacancy vandalism coverage exclusion was not triggered by a transient who, to get warm, set … The post Uncontrolled Squatter’s Warming Kitchen Fire May Not Be Vandalism Under Vacancy Exclusion…

American International Group recently announced that it has acquired a minority stake in K2 Intelligence, an investigative consultancy. The companies have agreed to co-develop products and services that support AIG’s efforts to help clients mitigate and manage their cyber risk, … The post AIG Invests in K2 Intelligence to Strengthen Cyber Mitigation Capabilities appeared first…

RMS, the a global catastrophe risk management firm, estimates that insured property losses from Windstorm Niklas will fall between 750 million and 1.5 billion euro. Losses in Germany will account for around three quarters of the total loss. The loss … The post RMS Estimates Insured Losses From Windstorm Niklas Could Hit $1.5B Euro appeared…

Overdose deaths involving prescription opioid painkillers in New York State increased from 2003 through 2012, according to a Morbidity and Mortality Weekly Report released by CDC this month. Vital statistics and Medicaid claims reveal that opioid overdose death rates were … The post Painkiller Deaths Increased in New York State Between 2003 and 2012 appeared…

An unattended cooking fire sparked a fire that had threatened hundreds of homes near a Southern California dam, fire officials said Sunday. The fire was reported shortly after 6 p.m. Saturday, triggering the nighttime evacuation of about 300 homes in … The post Cooking Fire Started California Wildfire appeared first on Claims Journal. Source: Claims…

An annual study released yesterday by Plymouth Rock Assurance in conjunction with Distracted Driving Awareness Month shows the highest percentage of New Jersey drivers surveyed in the poll’s three-year history admitting to texting while driving. While a rising percentage of … The post Study Reveals Texting While Driving Increasing on New Jersey Roads appeared first…

U.S insured property values as of 2014 exceed $90 trillion, but the bulk of that is increasingly concentrated in vulnerable coastal areas. With that in mind, new risk metrics could better help monitor exposures, Karen Clark & Co. concluded in … The post U.S. Coastal Regions Hold Bulk of Insured Property Values appeared first on…

U.S. companies including insurers and aerospace manufacturers urged federal aviation regulators on Tuesday to speed up the use of drones in disaster response and relief operations in the United States. A report sponsored by the groups and released by the … The post Insurers Urge FAA to Speed Use of Drones for Disaster Response appeared…

A Washington man who was caught on video racing BMX bikes while claiming he was too injured to work pled guilty last week to stealing more than $14,000 in disability benefits. Tony T. Perry Sr., pleaded guilty to two counts … The post Washington BMX Racer to Pay $14K in Restitution for Workers’ Comp Fraud…

Blue Bell Creameries Inc., working to contain the spread of listeria after three people died from the bacterial disease, expanded a product recall to include everything it makes. Following an earlier recall of some ice cream, listeria has been found … The post Blue Bell to Recall All Products After More Listeria Found appeared first…