This week's top articles and stories from the most popular insurance claims resource on the web today.
Koning & Associates
Report: US Has The Highest Average Cost For Data Breaches
Friday, July 31st 2020
More than 8.5 billion records were compromised in data breaches in the span of one year ending April 2020, and the average cost of a mega-sized data breach was $3.86 million, a new report by IBM has found.
Flood Damage Can Erode Companies' Long-Term Value
Chubb CEO On Insuring In A Pandemic: 'It Is Unlike Any Other Catastrophe'
The Herculean Task Required To Reduce Liability Claims Involving Autonomous Vehicles
Dukes Dukes Keating & Faneca
Is Lemonade Or Tesla The Biggest Insurance Disruptor?
Thursday, July 30th 2020
I've never been a big fan of the term disruption. I believe that in the InsurTech world, a majority of the startups are partnering with incumbents to enable industry transformation. They are catalysts for change, to be sure.
Coverage Implied? COVID-19 Lawsuit Hinges On Policy Renewal Language
CAT Modeler Projects Hurricane Hanna Insured Losses Near $350M
Federal Panel To Weigh Consolidation Of Pandemic Coverage Suits
How Ergonomics Plays A Crucial Role In Cannabis Worker Safety
Wednesday, July 29th 2020
Ergonomics and the associated employer requirements to maintain safe workplaces, especially in industries where repetitive motion injuries are common, are at the forefront of modern claim prevention. However, the legal cannabis industry could be especially vulnerable.
4 Reasons Pollution Claims Are Rising In Frequency And Severity
Train Derailment Causes Fire And Partial Bridge Collapse Near Tempe
Property Insurance Issues Raised In The Wake Of Recent Racial Injustice Rioting
Three Auto Claim Examples That Prove Telematics Is A Must
Tuesday, July 28th 2020
If you're not convinced about the value of telematics in the auto insurance space, you might be swayed after reading what Phil Ost, head of personal lines at Zurich Insurance Company, had to say during a virtual fireside chat at Connected Claims USA 2020.
$800K In Fire Damage, Maryland Home A Total Loss
Defective Plumbing: Water Damage Isn't Just A Weather Thing
Two MO Universities File Class Action Against Insurer Over Pandemic Losses
Hurricane Hanna Aftermath: Storm Surge, Flooding Causes Widespread Damage Along South Texas Coast
Monday, July 27th 2020
As expected, Hurricane Hanna made landfall at around 5 p.m. Saturday just south of Baffin Bay as a Category 1 storm. What was not expected was the size of its storm surge and the devastation it would leave behind.
Altar'd State Files $28 Million Lawsuit Against Insurer; BII Pandemic Claims Were Not Investigated
Utah Home And Vehicles Burn, $700K Estimated Damage
3 Dead After Small Plane Crashes In Utah Backyard
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