News Archives - Claims Journal

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31 08, 2023

Connecticut Adds Cancer Presumption to Firefighters’ Workers’ Compensation

By | August 31st, 2023|Uncategorized|Comments Off on Connecticut Adds Cancer Presumption to Firefighters’ Workers’ Compensation

A new Connecticut law making it easier for firefighters who develop cancer to receive workers’ compensation benefits will go into effect on October 1, 2023. Approved as part of the state budget bill, this law creates a presumption during the …

29 08, 2023

3M Agrees to Pay $6 Billion in Earplug Lawsuit Settlement

By | August 29th, 2023|Uncategorized|Comments Off on 3M Agrees to Pay $6 Billion in Earplug Lawsuit Settlement

3M said on Tuesday it had agreed to pay $6 billion to settle nearly 260,000 lawsuits accusing it of selling defective combat earplugs that caused hearing loss in hundreds of thousands of current and former U.S. military service members. “This …

25 08, 2023

How Satellites Are Helping Farmers Adapt to Climate Crisis

By | August 25th, 2023|Uncategorized|Comments Off on How Satellites Are Helping Farmers Adapt to Climate Crisis

When to harvest is one of the most crucial decisions a winemaker can make. Too early, and the result is bitter. Too late, and it’s overly sweet. It’s a delicate balance—one that’s increasingly being upended by the climate crisis. In …

25 08, 2023

Conditions Are Challenging, Claims Are Elevated, but Reinsurers’ Profits Return: Reports

By | August 25th, 2023|Uncategorized|Comments Off on Conditions Are Challenging, Claims Are Elevated, but Reinsurers’ Profits Return: Reports

Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022, according to an AM Best report. “Reinsurers generally have realigned their risk profiles and are in a strong position to …

25 08, 2023

Insured Losses From Natural Catastrophes Set to Top $100 Billion for 3rd Year in a Row

By | August 25th, 2023|Uncategorized|Comments Off on Insured Losses From Natural Catastrophes Set to Top $100 Billion for 3rd Year in a Row

Claims for weather-related incidents are set to exceed $100 billion for the third year in a row, as floods, hail and wildfires linked to climate change become more frequent. Munich Re has put the total global insured costs of natural-catastrophe …

25 08, 2023

County of Maui Sues Hawaiian Electric for Negligence Leading to Wildfires

By | August 25th, 2023|Uncategorized|Comments Off on County of Maui Sues Hawaiian Electric for Negligence Leading to Wildfires

The county of Maui, Hawaii, on Thursday sued Hawaiian Electric HE.N accusing the power company of acting negligently by failing to shut down its equipment despite warnings hurricane winds could knock power lines down, sparking wildfires. The county said downed …

25 08, 2023

Shareholders Sue Hawaiian Electric Over Maui Wildfires

By | August 25th, 2023|Uncategorized|Comments Off on Shareholders Sue Hawaiian Electric Over Maui Wildfires

Shareholders of Hawaiian Electric HE.N on Thursday filed a lawsuit against the utility provider in a San Francisco federal court, alleging the company’s failure to disclose important information about its wildfire prevention and safety protocols. Hawaiian’s protocols and procedures were …

22 08, 2023

Ukraine in Talks With Insurers to Start Program to Cover Ships Hauling Grain Exports

By | August 22nd, 2023|Uncategorized|Comments Off on Ukraine in Talks With Insurers to Start Program to Cover Ships Hauling Grain Exports

Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of the riskiest parts of the Black Sea. The service could start as soon as early September, though a precise framework …

22 08, 2023

Deepfake Imposter Scams Are Driving a New Wave of Fraud

By | August 22nd, 2023|Uncategorized|Comments Off on Deepfake Imposter Scams Are Driving a New Wave of Fraud

Computer-generated children’s voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate a system protected by face ID. They sound like the stuff of science fiction, but these techniques are already available …

21 08, 2023

Southwest Girds for ‘Catastrophic’ Flooding in Hilary’s Wake

By | August 21st, 2023|Uncategorized|Comments Off on Southwest Girds for ‘Catastrophic’ Flooding in Hilary’s Wake

The Southwest US is bracing for dangerous flooding in the wake of Hurricane Hilary as remnants of the storm batter Southern California and parts of Nevada. Across the region, “the ongoing and historic amount of rainfall is expected to cause …