Monthly Archives: <span>April 2024</span>

NY Area Rattled by 4.8 Magnitude Quake, Followed by Aftershock

The New York area’s strongest earthquake in 140 years rattled northern New Jersey on Friday morning, shaking office buildings in Manhattan and snarling travel. The preliminary 4.8-magnitude temblor was the strongest in the New York area since 1884, according to …

Severe Weather Spawns Tornado, Damage and One Death in South, Midwest

Thousands of homes and businesses were without power this week as severe weather roared through several states, causing at least one death and spawning possible tornadoes. Parts of Ohio, Pennsylvania, Kentucky, Mississippi, Alabama, Tennessee, West Virginia, Virginia and Georgia were …

Baltimore Shipping Set to Resume by End of April With Full Capacity by End of May

The U.S. Army Corps of Engineers said Thursday it expects to open a new channel to the Port of Baltimore by the end of April, freeing up commercial shipping blocked by a collapsed bridge, and then restore port access to …

Another Report Forecasts 2024 Atlantic Basin Hurricane Season to Be ‘Extremely Active’

A 2024 Atlantic hurricane season forecast calls for 23 named storms, 11 hurricanes and five major hurricanes. This is the 41st year Colorado State University’s tropical meteorology project has made forecasts of the upcoming season’s Atlantic basin hurricane activity. Accuweather …

Viewpoint: 3 Trends Shaping the Future of Claims Management

In recent years, we’ve seen worsening climate catastrophes, escalating civil unrest, rising interest rates and the introduction of game-changing technological advancement. While these big-picture changes require critical planning, many professionals in the property and casualty field are frequently working in …

Poll: A Third of Rideshare Drivers Have Had A Crash On the Job

One-third of ride-share drivers surveyed in a new study reported being involved in a crash while working. Using a cellphone, driving while tired or driving on unfamiliar roads increased the likelihood of a crash, according to the study by University …

Residential and Commercial HVAC Claims Saw Increased Risk in 2023

Carriers risked more potential exposure on residential and commercial HVAC claims in 2023 than t the previous year. The average accuracy increased by more than $2,000 for each claim, according to the new HVACi 2023 Annual Claims Report. Increased parts …

How Do Insurers Define Systemic Cyber Risk?

Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be one of its gray areas. “As you go through different owners of risk …

FEMA Assistance Tops $20M for San Diego County

The Federal Emergency Management Agency and the Small Business Administration today have distributed more $20 million in disaster recovery assistance for survivors in San Diego County. It is part of an effort by FEMA and the California Governor’s Office of …

Spring Storm Threatening New England With 18 Inches of Snow

A late-season storm rolling out of the US Midwest threatens to dump more than a foot of wet, heavy snow on northern New York and New England starting Wednesday night, with parts of New Hampshire and Maine at risk of …