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Underground Climate Change: Property Insurance Coverage for an Emerging Risk
Heat emanating from basements, train tunnels, sewers and other underground systems in major metropolises in the U.S. and Europe is heating the ground between city surfaces and the bedrock. The temperature increase reaches as high as 27° Fahrenheit in some … Source: Claims Journal
Read MoreInsurers Fret Over Militant Attacks, AI Hacks and Big Claims at Paris Olympics
Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions of dollars in claims. Insurers faced losses after the 2020 Tokyo Olympics were postponed for a year due to the … Source: Claims Journal
Read MoreMedical Price Index Shows Increases in Workers’ Comp and Auto Injury Services Costs
Physician charges per unit increased by 11% nationally for worker’s compensation from the first quarter of 2020 through the first quarter of 2023, a new report shows. Enlyte’s latest Quarterly Medical Price Index Report delves into first- and third-party auto … Source: Claims Journal
Read MoreNCCI Identifies ‘Big 3′ Workers’ Comp Issues to Watch
Employers will face three major workplace safety challenges in the coming years, but all can be mitigated through evolving safety solutions, workers’ compensation professionals say. The report, Challenges for Today’s Worker–The Big Three: Physical Space, Mental Health and Environmental Impact, … Source: Claims Journal
Read MoreBanks Face Record Number of U.K. Lawsuits as Economy Stumbles
Banks in the UK are embroiled in the highest number of lawsuits in a decade in a trend that shows no sign of slowing down. Almost three new cases involving financial services firms were filed every day on average at … Source: Claims Journal
Read MoreHurricane Beryl Leaves Thousands in Texas Without Power
More than 1.5 million homes and businesses in Texas lost power after Hurricane Beryl made landfall in the state, bringing howling winds and driving rain that knocked out electric lines. The storm made landfall shortly before 4 a.m. local time … Source: Claims Journal
Read MoreThe Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits
Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson & Johnson’s Baby Powder – and she’s pursuing a lawsuit her daughter started a decade ago, alleging the company’s talc … Source: Claims Journal
Read MoreBoeing to Plead Guilty to Fraud for Violating Deal Over 737 Max Crashes
Boeing Co. agreed to plead guilty to criminal conspiracy to defraud the US after the Justice Department concluded the planemaker failed to adhere to an earlier settlement stemming from two fatal crashes of its 737 Max jetliner. Under the agreement … Source: Claims Journal
Read MoreThe Key Role of Workplace Safety Education in Small Business Insurance
It’s no surprise that a recent survey we conducted shows 25% of small businesses don’t feel secure in their understanding of workers’ compensation coverage and regulations. With many still feeling the talent shortage impact from the pandemic, they don’t often … Source: Claims Journal
Read MoreGEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours
Insurer GEICO has agreed to pay $6 million to settle claims by auto damage claims adjusters who allege the insurer failed to pay them for all hours they worked “off-the-clock.” The settlement affects 806 adjusters countrywide who worked for GEICO … Source: Claims Journal
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