Claims News Recap
April 29th - May 3rd, 2019
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Friday, May 3rd, 2019
What is expected to be India’s strongest tropical cyclone to make landfall in 20 years is barreling toward 100 million people on the country’s east coast, prompting officials to begin emergency evacuations. On Thursday, Tropical Cyclone Fani had strengthened significantly in the Bay of Bengal, with maximum sustained winds of 250 kilometers per hour (155 mph) and gusts of up to 305 kilometers per hour (190 mph), according to the Joint Typhoon Warning Center....
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Thursday, May 2nd, 2019
A recent analysis of 2018 cyber claims data paints a worrying picture for leaders of organizations both large and small. NAS Insurance’s 2019 Cyber Claims Digest reported that cyber claims among its non-healthcare policyholders grew by a staggering 38%. Cybercrime claims, across both the healthcare and non-healthcare segments, were up 68% over 2017, led by financial fraud, which saw a 79% rise....
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Wednesday, May 1st, 2019
The distracted driving report by Zendrive, a traffic-data startup, makes it clearer and clearer each year that millions of Americans can’t stop themselves from talking, texting and livestreaming—yes, even using FaceTime—while driving. The results have been increasingly unsettling, showing that drivers in the U.S. are becoming more likely to use their smartphones more often....
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Tuesday, April 30th, 2019
Imagine pausing at a stop sign as you drive to work. Suddenly, you are jolted forward as you hear a loud crash. A distracted driver has rear-ended you. You are uninjured, but the back of your car is a mess of crushed metal and broken plastic. Instead of panicking, you pull out your smartphone to access your insurer’s claims app....
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Monday, April 29th, 2019
High winds contributed in part to most catastrophes in Canada over the past few decades, prompting the need for a new national standard on wind resilience, the Institute for Catastrophic Loss Reduction (ICLR) said Thursday. A report released by ICLR and the Standards Council of Canada is recommending the development of a new national standard of Canada on wind resilience to mitigate residential and small building property damage from natural disasters....
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