They’ve been cropping up since 2020: COVID business interruption claims. Forced shutdowns due to a rising pandemic gave way to organizations looking for compensation for monies lost. But, as we all know, business interruption coverage will only trigger if a physical loss has occurred.
  November 10, 2022   Risk & Insurance Litigation Property Texas

Your experiences in virtual reality could soon get much more lifelike. Palmer Luckey, sometimes credited with creating modern virtual reality, claims to have built a VR headset that will kill the user if they die in the game they’re playing.
  November 10, 2022   Lifewire Education & Training Technology

Seven beachside homes in Wilbur-by-the-Sea collapsed into the Atlantic Ocean on Thursday after Nicole struck Florida as a hurricane and ripped across the state, devouring a large chunk of the coastline along Central Florida beaches.
  November 10, 2022   WKMG Property Florida

An insurer involved in settlement negotiations can’t ask a claimant for leniency on time limits, but then demand the claimant adhere to strict limitation periods for serving a statement of claim, an Alberta court has ruled.
  November 10, 2022   Canadian Underwriter Litigation

Machine Learning as been one of the most prolific areas when it comes to high-impact use cases for the insurance industry. And within insurance, claims management offers one of the most promising areas to apply this technology due to the large amount of data available to train algorithms and the consistency of principles applied in the claims assessment process
  November 9, 2022   PropertyCasualty360 Technology

When I remodeled a house years ago, I decided that the most expensive words known to man were, "While we’re at it...." Then a co-author and I spent two years having a team of researchers look at 2,500 corporate disasters and realized the most expensive words are actually, "We have to do something...."
  November 9, 2022   Insurance Thought Leadership Risk Management

Mondelez International has settled its lawsuit against Zurich American Insurance Company, which it brought because the insurer refused to cover the snack giant’s $100-million-plus cleanup bill following the 2017 NotPetya outbreak.
  November 9, 2022   The Register Litigation Property

Preserving an accident scene is the first priority following a loss. Until recently, forensic engineers had to follow painstaking procedures to perform a complete inspection.
  November 8, 2022   CLM Magazine Auto

Kathryn Schweitzer worked recently in the yard in front of her small, yellow house in a North Port neighborhood where mildewing furniture, drywall and other personal belongings line the streets, the remains of destruction left behind by Hurricane Ian.
Schweitzer tries to shrug off the $8,000 she’s paid so far "just to get the walls back" in her flood-damaged home, because "if you can’t cry, you get to laugh."
  November 8, 2022   Herald-Tribune Catastrophe Fraud Property Florida

When a cybersecurity-related incident occurs, an insured should not automatically assume a standard commercial general liability (CGL) policy issued by an insurer will cover their losses, as CGL policies generally afford coverage to an insured for losses resulting from bodily injury and property damage.
  November 8, 2022   JD Supra Liability Litigation

In the weeks before the deadline to file insurance lawsuits related to Hurricane Laura, a Houston-based law firm filed over 1,400 cases at the Lake Charles federal courthouse.
  November 8, 2022   The New Orleans Advocate Litigation Property Louisiana

Floridians whose properties were destroyed or damaged by Hurricane Ian are expected to file between $53 billion and $74 billion in insurance claims. The federal government will disburse billions more in disaster assistance through tax relief, subsidies and direct grants.
  November 7, 2022   Insurance Thought Leadership Catastrophe Technology

New videos show scenes of devastation in the aftermath of powerful tornadoes that touched down in Texas, Oklahoma and Arkansas on Friday. At least eight tornadoes were confirmed by survey teams from the National Weather Service, and two of those have been rated an EF-3 with winds near 160 mph.
  November 7, 2022   FOX Weather Auto Property Arkansas Oklahoma Texas

Winter is coming. Denver, Colorado recorded its first snowfall of the season yesterday, and frosty hell broke loose on the city’s major thoroughfares. The sudden arrival of icy and wet roads means only one thing.
  November 7, 2022   Jalopnik Auto Colorado

Northern California officials are looking into if the bright ball of light seen in the sky Friday night is a meteorite that landed on and destroyed a Nevada County home.
Witnesses came from all over the region following the path of the bright ball in the sky to see where it landed and that path might have led to Dustin Procita’s home.
  November 7, 2022   KCRA Property California

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