News Archives - Insurance Journal

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15 08, 2023

Typhoon Lan Grounds Flights, Halts Trains as It Crosses Japan

By | August 15th, 2023|Uncategorized|Comments Off on Typhoon Lan Grounds Flights, Halts Trains as It Crosses Japan

Typhoon Lan reached the coast of central Japan early Tuesday, grounding flights and halting trains as residents braced for heavy rain, flooding and landslides. Known locally as Typhoon No. 7, the storm has been traversing the archipelago’s central belt since …

15 08, 2023

El Niño Expected Between September and November: Australian Weather Bureau

By | August 15th, 2023|Uncategorized|Comments Off on El Niño Expected Between September and November: Australian Weather Bureau

Australia’s weather bureau said on Tuesday the El Niño weather event, associated with hotter, drier weather, was likely to hit during the southern hemisphere spring, between September and November. El Niño, characterized by elevated sea surface temperatures in the eastern …

15 08, 2023

What Are China’s ‘Sponge Cities’ and Why Aren’t They Stopping Urban Floods?

By | August 15th, 2023|Uncategorized|Comments Off on What Are China’s ‘Sponge Cities’ and Why Aren’t They Stopping Urban Floods?

China has been hit by devastating floods in recent weeks, inundating cities and causing deaths and infrastructural damage, as well as raising questions about the effectiveness of its 2015 “sponge city” initiative aimed at reducing urban flood risks. The initiative …

15 08, 2023

2023 Summer Heatwaves – Insights on Heat Stress in a Changing Climate: RMS

By | August 15th, 2023|Uncategorized|Comments Off on 2023 Summer Heatwaves – Insights on Heat Stress in a Changing Climate: RMS

Executive summary: Climate change, caused by human activity, is already leading to an increase in the frequency and severity of hot extremes, including heatwaves. While it is difficult to ascribe any given event to climate change, Moody’s RMS says, extreme …

15 08, 2023

Markets/Coverages: Chubb Launches Vehicle Tracking System in UK to Stymie Car Theft

By | August 15th, 2023|Uncategorized|Comments Off on Markets/Coverages: Chubb Launches Vehicle Tracking System in UK to Stymie Car Theft

Chubb has launched a vehicle tracking system in the UK to help protect the insurer’s customers from car theft. With criminals now often targeting high-value vehicles – particularly “keyless” models – Chubb S5 Vehicle Tracker and Chubb S5 Vehicle Tracker …

15 08, 2023

Broken Wheel Causes Derailment of Train Blocking Swiss Tunnel

By | August 15th, 2023|Uncategorized|Comments Off on Broken Wheel Causes Derailment of Train Blocking Swiss Tunnel

The derailment that blocked the Gotthard tunnel in Switzerland last week was caused by a broken wheel on the freight train, according to investigators. The Swiss Accident Investigation Service said its investigators had found pieces of the train’s wheel at …

15 08, 2023

Increased Vehicle Sales, Search for Lower Rates Boost Auto Insurance Shopping

By | August 15th, 2023|Uncategorized|Comments Off on Increased Vehicle Sales, Search for Lower Rates Boost Auto Insurance Shopping

Auto insurance shopping rates rose 12% year-over-year in the second quarter of 2023, according to a new TransUnion report. While vehicle sales played a role in the increase, TransUnion said in a press release that the search for lower insurance …

15 08, 2023

Don’t Forget About Continuing Ed for Transportation Insurance Professionals

By | August 15th, 2023|Uncategorized|Comments Off on Don’t Forget About Continuing Ed for Transportation Insurance Professionals

In the fast-paced and ever-changing world of insurance, staying up-to-date with industry trends, regulations, and best practices is paramount. For insurance professionals serving the transportation industry, this is even more crucial due to the sector’s unique challenges and complexities. That’s …

15 08, 2023

Clorox Takes Down Some IT Systems After ‘Unauthorized Activity’

By | August 15th, 2023|Uncategorized|Comments Off on Clorox Takes Down Some IT Systems After ‘Unauthorized Activity’

Clorox Co. has taken some of its information technology systems offline after identifying “unauthorized activity” in its computer networks that has disrupted some business operations. The incident is expected to continue to affect some parts of the business operations, the …

15 08, 2023

What Sparks US Wildfires: Power Lines, Burning Trash and Lightning

By | August 15th, 2023|Uncategorized|Comments Off on What Sparks US Wildfires: Power Lines, Burning Trash and Lightning

The fast-moving fire that ripped through Maui’s historic town of Lahaina killed more than 90 people, making it the deadliest US wildfire in more than a century. The cause of the blaze is still under investigation, but power equipment in …