Monthly Archives: <span>June 2013</span>

FDA Urges Protection of Medical Devices From Cyber Threats

The U.S. Food and Drug Administration, citing potential cyber threats to medical devices, on Thursday urged medical device makers, hospitals and other medical facilities to upgrade their protections against attacks that could disable the devices or compromise patient privacy. In …

Colorado Wildfire Doubles in Size: AIR Worldwide

Earlier this week, wildfires—exacerbated by unseasonably warm temperatures and windy conditions— broke out in the forested terrain of southern Colorado, according to catastrophe modeling firm AIR Worldwide. In fact, Colorado Springs hit 98° on June 10, setting a record for …

More Than 6,300 Claims Filed After St. Louis Tornadoes

Insurance companies serving the St. Louis area have received more than 6,300 claims from residents with damage from tornadoes that struck the area on May 31, according to the Missouri Department of Insurance. One insurer reported more than 2,200 claims, …

New Research Says Insurance Industry Lacks Gender Diversity

According to market research from Saint Joseph’s University, gender diversity is lacking across all leadership levels within the insurance industry. Primary author Mike Angelina, executive director of Saint Joseph’s Academy of Risk Management and Insurance, is hopeful his findings will …

Hurricanes That Form Early in Gulf Can Be Deadly

Hurricanes that form in the Gulf of Mexico tend to catch gulf residents off guard – often forming in the month of June – and can develop into surprisingly strong storms, says a Texas A&M University at Galveston professor. William …

Insurance to Cover Police Cruisers Damaged by Boston Bombers

Watertown, Mass., police say the town’s insurance company has agreed to cover the cost of replacing three department vehicles peppered with bullet holes and damaged beyond repair by explosions during the shootout with the Boston Marathon bombing suspects. Chief Edward …

Cuba Girds for Climate Change by Reclaiming Coasts

After Cuban scientists studied the effects of climate change on this island’s 3,500 miles (5,630 kilometers) of coastline, their discoveries were so alarming that officials didn’t share the results with the public to avoid causing panic. The scientists projected that …

Tennessee Board Adds New Rules for Compounding Pharmacies

The Tennessee Board of Pharmacy says it has adopted new regulations for compounding pharmacies licensed by the state following recent outbreaks of illnesses associated with tainted medicines created at these specialty pharmacies. The Pharmacy Board said in a news release …

Allianz Estimates Its European Flood Losses at $467M

Allianz SE, Europe’s biggest insurer, said preliminary estimates show its net losses from the flood claims in Germany, Austria and part of Central Europe are 350 million euros ($467 million). The gross impact, before reinsurance, is “probably” above 500 million …

Eleven Weather Disasters Cost More Than $1 Billion in 2012

The U.S. suffered 11 weather and climate disasters last year that caused more than $1 billion in damage each and killed more than 300 people, making 2012 the second-most costly and active year on record, according to the National Climatic …