
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 â€" 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

Ukraine Conflict Industry Loss Could Exceed $20B
The insurance and reinsurance industry loss from the conflict in Ukraine could exceed US $20 billion, according to Verisk-owned specialist claims and loss data unit PCS.
April 18, 2022
Catastrophe
Excess & Surplus Lines
Insurance Industry
Marine
Property

131 Insurers Sue ERCOT Over Winter Storm Uri
Winter Storm Uri rolled into Texas like nothing the state had ever seen before. Unprepared for such a freeze, the power grid shutdown.
April 18, 2022
Catastrophe
Excess & Surplus Lines
Litigation
Property
Texas

Lloyd’s Aims to Cancel Insurance Policies of Sanctioned Russian Businesses
Lloyd's of London has announced that it is working with the government of the United Kingdom for the implementation of sanctions against Russian firms due to the war in Ukraine, including cancelling their insurance policies.
April 1, 2022
Excess & Surplus Lines
Insurance Industry
Marine



