Monthly Archives: <span>August 2019</span>

New InsurTech Offering Brings Free Home Maintenance Visits with Price of Policy

Many insurance carriers offer their customers discounts on smart home products that protect homes from fire, water and theft. Some even contribute free devices to policyholders who are willing to take on do-it-yourself installation projects. A partnership announced Tuesday between …

J&J Shares Rise as Oklahoma Opioid Award Less Than Expected

Johnson & Johnson shares rose as much as 5.4% after an Oklahoma judge ordered the company to pay far less than some investors expected in the first trial by a state seeking compensation for the public-health crisis spawned by opioid …

Alaska Wildfire Destroys 51 Homes, 3 Businesses

ANCHORAGE, Alaska — A wildfire burning north of Anchorage, Alaska, has destroyed 51 homes and three businesses, officials said Friday. Another 84 buildings between the communities of Willow and Talkeetna, about 70 miles north of the state’s largest city, also …

Lightning Strike at Tour Championship Causes 6 Injuries

ATLANTA — Six people were injured Saturday when lightning struck a 60-foot pine at the Tour Championship where they were taking cover from rain and showered them with debris, Atlanta police said. The third round of the season-ending PGA Tour …

Storm Dorian Barrels West, Barbados Gets Ready for Impact

BRIDGETOWN, Barbado — Tropical Storm Dorian gathered speed on Monday as it barreled west towards Barbados, where people began preparing for the onset of heavy wind and rain, and officials advised the public to stay indoors. The small tropical cyclone …

Mailbox Stores’ New E-Commerce Plan Fights ‘Porch Pirates’

An association of independent mailbox-store owners is forming a national network for receiving e-commerce packages, seeking to add a layer of security for consumers while capitalizing on the surge of online shopping. Retail Shipping Associates plans to announce an effort …

Amazon Joins Walmart in Blaming Tesla Solar Panels for Fires

Walmart Inc. isn’t the only corporation that has seen its Tesla Inc. solar panels catch fire. On Friday, Amazon.com Inc. said a June 2018 blaze on the roof of one of its warehouses in Redlands, California, involved a solar system …

Boeing 737 Max’s Certification Flight Likely to Occur in October

The Federal Aviation Administration is likely to conduct its certification flight for Boeing Co.’s 737 Max in October, a key milestone toward returning the grounded jetliner to the skies, said people briefed on the matter. That timing would be broadly …

Subrogation Counsel, Data Breaches, And Cybersecurity

What do you really know about the strengths and weakness of the cybersecurity measures taken by the subrogation counsel and recovery vendors you engage to assist with subrogation recoveries? This past April, Yahoo entered into a $117.5 million settlement in …

Court Says Policy’s Vandalism Exclusion Doesn’t Bar Coverage for Arson

Setting fire to a house is much more than an act of vandalism and if insurers want to exclude such damage from coverage they had best use the term “arson” in policy exclusions, the U.S. 6th Circuit Court of Appeals …