Uncategorized
California’s Desert and Mountain Towns Dig Out From Hilary’s Mud
Crews worked to dig roads, buildings and care home residents out of the mud across a wide swath of Southwestern U.S. desert Monday, as the first tropical storm to hit Southern California in 84 years headed north, prompting flood watches … Source: Claims Journal
Read MoreCanadian Firefighters Report Progress Protecting More Structures From Wildfires
Canadian firefighters prevented wildfires from destroying more structures in a scenic region of British Columbia and stepped up their defense of a territorial capital threatened by flames, authorities said Monday as the prospect of rain raised hopes for the effort … Source: Claims Journal
Read MoreRate Hikes Not Bringing Profit to U.S. Auto Insurers: Fitch
Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers, Fitch Ratings reported based on a recent review of midyear results of nine big market players. Profitability challenges in the … Source: Claims Journal
Read MoreMoody’s RMS Estimates $4B to $6B in Economic Losses from Hawaii Wildfires
Moody’s RMS issued estimates on Tuesday showing economic losses from the recent Lahaina Conflagration and Kula wildfires in Hawaii at $4 billion to $6 billion. The loss estimate reflects property damage, contents, and business interruption, across residential, commercial, industrial, automobile, … Source: Claims Journal
Read MoreMaui Fire Victims Pursue Legal Tactic That Led to $13.5 Billion California Settlement
Hawaii property owners are seizing on a legal shortcut used by fire victims in California to secure compensation from Hawaiian Electric Industries Inc. for damages following the fires that ravaged Maui. The strategy, which doesn’t require proving negligence, helped push … Source: Claims Journal
Read MoreSevere Weather Set to Boost U.S. Disaster Funding Needs, FEMA Says
Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. Biden’s roughly $12 billion request would cover the spending year ending … Source: Claims Journal
Read MoreSan Francisco Archdiocese Files for Bankruptcy Citing 500 Sex Abuse Claims
The Roman Catholic Archdiocese of San Francisco has filed a voluntary petition for bankruptcy relief under Chapter 11 of the U.S. Bankruptcy Code. The church said the filing is necessary to manage the more than 500 lawsuits alleging child sexual … Source: Claims Journal
Read MoreDeepfake Imposter Scams Are Driving a New Wave of Fraud
Computer-generated children’s voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate a system protected by face ID. They sound like the stuff of science fiction, but these techniques are already available … Source: Claims Journal
Read MoreUkraine in Talks With Insurers to Start Program to Cover Ships Hauling Grain Exports
Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of the riskiest parts of the Black Sea. The service could start as soon as early September, though a precise framework … Source: Claims Journal
Read MoreMaui Fire Lays Bare Utility Missteps Mirrored Across the Country
When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country. Electric lines would ultimately be blamed for the blaze, … Source: Claims Journal
Read More