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Central U.S. States Brace for Possible Severe Storms: Weather Watch
There is a moderate risk — the second highest — of severe thunderstorms across parts of Iowa, Illinois, Wisconsin and Missouri affecting more than 3.8 million people, the US Storm Prediction Center said. “All severe hazards will be possible including … Source: Claims Journal
Read MoreCanada Plans Harsher Laws, Equipment Bans to Fight Car Theft
Canada’s government is banning key-programming machines and other equipment used to steal cars, while implementing harsher penalties to combat a rising number of auto thefts across the country. Minister of Justice Arif Virani unveiled a national plan to combat car … Source: Claims Journal
Read MoreFlorida’s 125% Surge in Property-Insurance Bills Sows Havoc
For Filicia Porter, the insurance bills were the final straw. They’d been climbing steeply for her assisted-living business as Florida was battered with ever more-powerful storms, and eventually, the numbers stopped adding up. So in March, she finally decided to … Source: Claims Journal
Read MoreReport Shows Cyberattacks Over Work Email Most Used; Ransomware Hits Victims Hard
Business email compromise is now the top method of cyberattack, according to a survey from cybersecurity firm Arctic Wolf. Of the 1,000 surveyed senior IT and cybersecurity decisionmakers from organizations in more than 15 countries, 70% said they were targets … Source: Claims Journal
Read MoreChicago Tribune Staffers’ Unequal Pay Lawsuit Claims Race And Sex Discrimination
The Chicago Tribune is being sued by some of its staffers, who say they and other women and Black journalists are being paid less than their white male counterparts. The complaint filed in federal court in Chicago also names Tribune … Source: Claims Journal
Read MoreViewpoint: The Path to Greener Claims, Leaner Costs, and Reduced Repair Expenses
The increasing emphasis on incorporating sustainability initiatives to fight climate change and ensure a greener world for future generations has led many organizations across various industries to reevaluate their practices. These efforts are, in part, attributed to increasing consumer pressure … Source: Claims Journal
Read MoreReport: U.S. Consumers Continue Switching Auto Insurance at Higher Rates
A report on the first quarter of 2024 shows a continued surge in new auto insurance policies, indicating that U.S. consumers are switching providers at higher rates. LexisNexis issued its Insurance Demand Meter report this week. It advises carriers to … Source: Claims Journal
Read MoreGSK Faces Whistleblower Suit From Lab That Found Zantac Risk
GSK Plc is facing a whistleblower lawsuit that could potentially cost it billions of dollars from the laboratory that revealed the presence of a probable carcinogen in Zantac, the heartburn medication that the UK drugmaker invented and turned into a … Source: Claims Journal
Read MoreHouston Windstorm Causes Preliminary Economic Loss of $5-7B: AccuWeather
The destructive windstorm that blew out windows in downtown Houston and left hundreds of thousands of southeast Texas residents without power caused upwards of $5-7 billion in total damage and economic loss, according to preliminary estimates by AccuWeather. Thousands of … Source: Claims Journal
Read MoreCIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024
Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024. According to The Council of Insurance Agents and Brokers’ Q1 Market Survey, the 7.7% average increase in Q1 compared to 7% … Source: Claims Journal
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