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Study Probes States Where Poor Road Design Endangers Drivers Most
A study of more than 100 fatal accidents in the U.S. every year where inadequate road design is a related factor shows Arkansas is the worst state for poor road design followed by Alaska and North Dakota. The study analyzed … Source: Claims Journal
Read MoreStartup AiDash Raises $50M for Tech Using AI, Satellites to Spot Wildfire Risk
A California startup using artificial intelligence (AI) and satellites to spot fire and weather risks on power lines, AiDash, reported on Tuesday it had raised $50 million in new funding, reflecting Silicon Valley efforts to create products that help energy … Source: Claims Journal
Read MoreCalifornia May Face Major Flooding from Jan. 30: Weather Watch
The odds are rising that California and the West will be struck by a plume of moisture known as an atmospheric river from Jan. 30 to Feb. 3, the US Climate Prediction Center said in a social media post. The … Source: Claims Journal
Read MoreSouthwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty
The 5th U.S. Circuit Court of Appeals ruled last week that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer failure. An appeals court panel disagreed with … Source: Claims Journal
Read MoreVans, Dickies Owner VF Corp: Data of 35.5M Consumers Stolen in Recent Cyberattack
Apparel and footwear company VF Corp. disclosed last week that the personal data of about 35.5 million consumers were stolen as part of a December 2023 cyberattack. According to a Jan. 18 filing with the U.S. Securities and Exchange Commission, … Source: Claims Journal
Read MoreChaos in The Red Sea is Starting to Bite into Companies’ Profits
With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply-chain strains show up in companies’ earnings reports. Several firms are already warning of the impact. Electric-vehicle maker … Source: Claims Journal
Read MoreHow Legal Finance Adds Value to Judgment Preservation Insurance
Successful litigants holding trial-court judgments have traditionally found themselves positioned similarly to mountaineers atop Mount Everest: After a long, brutal and costly ascent to the summit, they are only halfway home, as their opponents vow to appeal and take their … Source: Claims Journal
Read MoreSedgwick Names George Global Chief Brand Officer
Sedgwick named Kimberly George its global chief brand officer. George will serve as a member of the company’s marketing and communications leadership team and a global ambassador for the Sedgwick brand. With 22 years of tenure at Sedgwick, George has … Source: Claims Journal
Read MoreFlorida to Borrow Billions to Backstop Insurers After Hurricanes
Florida is planning to borrow as much as $3.8 billion to infuse a state fund that reimburses property insurers for losses when homes are damaged or destroyed by hurricanes. The Florida State Board of Administration Finance Corporation expects to sell … Source: Claims Journal
Read MoreClass Actions Filed Over Builders Mutual, Progressive’s Own Data Breaches
Progressive Casualty Insurance and North Carolina-based Builders Mutual Insurance Co. have been served with class-action lawsuits over data breaches on their own computer systems in 2022, cyber attacks that may have exposed the personal data of more than 411,000 people. … Source: Claims Journal
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