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Deadly Tornadoes to Cost Insurers Up to $5B

Insured losses from the swarm of tornadoes and severe convective storms that caused destruction in parts of the United States this month could amount up to $5 billion, industry experts said on Tuesday. Catastrophe modeling firm Karen Clark & Company … Source: Claims Journal

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OSHA Opens Probe Into Amazon Warehouse Fatal Collapse in Illinois

EDWARDSVILLE, Ill.–The U.S. workplace safety watchdog is investigating the circumstances around the collapse during Friday night’s storm of an Amazon.com Inc building in Illinois in which six workers died, an official at the U.S. Department of Labor said on Monday. … Source: Claims Journal

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Mapfre to Make $983.8M Pay-Out Over Colombia Dam

BOGOTA — Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de Medellin (EPM) over issues with the construction of the massive Hidroituango dam. The funds will guarantee that the … Source: Claims Journal

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‘The Internet’s on Fire’ as Techs Race to Fix Software Flaw

BOSTON (AP)–A critical vulnerability in a widely used software tool –one quickly exploited in the online game Minecraft–is rapidly emerging as a major threat to organizations around the world. “The internet’s on fire right now,” said Adam Meyers, senior vice … Source: Claims Journal

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