Owner, Insurer In Court Over Collapsed Bristol Hotel
After a construction project along Volunteer Parkway in Bristol partially collapsed in late 2020, the project’s owner and insuring agency are at odds due to a disputed payout that could total in the millions of dollars.
July 27, 2022
Excess & Surplus Lines
Liability
Tennessee
Ready To Take The Plunge?
Are you a lifelong learner looking for a claims professional designation? Do you need professional development engagement? Are you ready to take the next step in your claims career?
July 7, 2022
Education & Training
Excess & Surplus Lines
Liability
Property
Workers' Compensation
Hackers Offer Data On 1B Chinese After Alleged Leak
Hackers claim to have obtained a trove of data on 1 billion Chinese from a Shanghai police database in a leak that, if confirmed, could be one of the largest data breaches in history.
July 6, 2022
Excess & Surplus Lines
Liability
NTSB Investigates Missouri Amtrak Crash; Locals Warned Of Dangerous Crossing
Several cars of an Amtrak train traveling from Los Angeles to Chicago derailed Monday afternoon after it struck a dump truck at a crossing in northern Missouri, Amtrak announced. More than 200 people were on board the train at the time of the crash, which was first reported about 12:43 p.m. near Mendon, Missouri, according to the Missouri State Highway Patrol.
June 28, 2022
Excess & Surplus Lines
Liability
Subrogation
Workers' Compensation
Missouri
See You In San Diego: CLM’s 2022 Construction Conference
We’re heading back west for CLM’s 2022 Construction Conference, and there is a lot to talk about. This year’s location -- San Diego’s Coronado Island -- promises a one-of-a-kind experience that’s equal parts serenity and excitement.
June 27, 2022
Education & Training
Excess & Surplus Lines
Insurance Industry
Planes Stranded In Russia Could Lead To Industry Losses Topping 9/11
The aggregate value of planes stuck on Russian territory following the nation’s invasion of Ukraine could even surpass the claims stemming from 9/11, according to a new note from WTW.
June 21, 2022
Excess & Surplus Lines
NTSB, FAA Investigating Another Hawaiian Tour Helicopter Crash
The National Transportation Safety Board and Federal Aviation Administration are investigating a tour helicopter crash on a remote Hawaii Island lava field that sent the pilot and five passengers to the hospital on Wednesday.
June 9, 2022
Excess & Surplus Lines
Liability
Hawaii
Oregon Will Have A Much Harder Time Filing A Claim On Its Wildfire Insurance Policy
For nearly 50 years, the state has purchased catastrophic wildfire insurance coverage from Lloyd’s of London. It’s the only state with such a policy, and the Oregon Department of Forestry says in the last decade alone, Oregon has filed twice as much in claims as the cost of the premiums.
June 8, 2022
Excess & Surplus Lines
Back In Class: CLM’s Claims College Is Right Around The Corner
School may be out for summer, but CLM’s Claims College is right around the corner. Taking place Sept. 7-10, 2022 in Baltimore, Claims College can help you meet your professional goals while helping you establish great connections and relationships within your cohort.
June 2, 2022
Education & Training
Excess & Surplus Lines
Liability
Litigation
Property
Shortages, Inflation Contribute To Rise In Cargo Theft
Cargo theft costs are rising in the U.S. as higher-value goods such as vehicles and electronics are targeted, and as inflation pushes up the cost of goods.
May 31, 2022
Excess & Surplus Lines
Liability
Merck Awarded $1.4 B For NotPetya After 5 Years Of Legal Battle
NotPetya malware first cropped up on computers worldwide in June 2017, setting the stage for today’s ransomware attacks and ultimately causing $10 billion in damages globally.
May 19, 2022
Excess & Surplus Lines
Litigation
Caught In The Crosshairs: Insurers Deny Russian-Seized Aircraft Claims
Aircraft lessors are filing claims for payouts, but insurers don’t agree that coverage extends that far. When Russia invaded Ukraine, it threw a number of markets into turmoil, and in the case of the aircraft market, it has also led to a tremendous insurance battle.
May 5, 2022
Excess & Surplus Lines
The Cost Of Data Breaches In A Remote-Work World
A recent study by IBM and the Ponemon Institute quantifies the rising cost of data breaches as workers moved to remote environments during the coronavirus pandemic. According to the report, an average data breach in 2021 cost $4.24 million – up from $3.86 million in 2020. However, where remote work was a factor in causing the breach, the cost increased by $1.07 million.
April 27, 2022
Excess & Surplus Lines
Fraud
Liability
Technology
Indiana Court Of Appeals Upholds Privity Requirement For Property Damage Claims Against Contractors
In United States Automatic Sprinkler Corp. v. Erie Ins. Exch., et al., No. 21A-CT-580, 2022 Ind. App. LEXIS 87 (Automatic Sprinkler), the Court of Appeals of Indiana (Court of Appeals) considered whether there is a privity requirement for property damage claims against contractors. The court imposed a privity requirement.
April 25, 2022
Excess & Surplus Lines
Subrogation
Indiana
North Korean Hacker Group Stole Millions In Cryptocurrency From Gamers
The United States has linked North Korean hackers to the theft of hundreds of millions of dollars’ worth of cryptocurrency tied to the popular online game Axie Infinity, the U.S. Treasury Department said on Thursday.
April 18, 2022
Excess & Surplus Lines
Fraud
