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Allaying Consumer Concern Over Cyber Risk

Consumers continue to report concern during online transactions and social media use but don’t always maintain safeguards to protect themselves, according to Prashant Pai, vice president of cyber offerings strategy at Verisk Analytics. In a recent interview with Claims Journal, …

Florida Hotel Valet Gave $300,000 Ferrari to Wrong Person

The owner of a $300,000 Ferrari is suing Marriott International, saying a hotel valet gave his keys to a young man who was trying to impress a woman he just met. The Tampa Bay Times reports that 73-year-old attorney James …

People News: Auto-Owners, IBHS, Kemper

Jeff Harrold, current chairman & chief executive officer announced his retirement from Auto-Owners Insurance and its affiliates effective December 31, 2017. He does so after serving more than 40 years for the company. Jeffrey (Jeff) S. Tagsold has been elected …

Mississippi Insurance Commissioner Seeks More Power Over Wind Pool

Mississippi’s insurance commissioner is pushing a bill to strip a tax subsidy and authority from the state’s insurer of last resort for hurricane-prone coastal residents. Commissioner Mike Chaney says the Mississippi Windstorm Underwriting Association, known as the “wind pool,” spends …

Sex Harassment Cases Require Thorough Investigations, Rarely Go to Trial

Recent attention surrounding sexual harassment claims in the entertainment industry highlight the exposure. Though cases rarely go to trial, a thorough investigation can aid in limiting damages, according to two insurance defense lawyers. In employment practices liability insurance (EPLI) claims, …

New York, Mumbai Basements Seen as Uninsurable by Next Decade

Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe’s largest insurers said. “If you go much further to 2020, 2030, we can …

New Hampshire Considers Lowering Drinking Age to 20

As much as New Hampshire wants to attract more young people, lowering the drinking age is no way to do it, a public safety official said Tuesday. Christopher Casko, an attorney for the Department of Safety, testified against a bill …

Oklahoma High Court: Oil Firm Can Be Sued When Worker is Injured, Killed

The Oklahoma Supreme Court ruled Tuesday that oil and natural gas companies can be sued when a worker is killed or injured on the job. The state’s highest court struck down a state workers’ compensation law that exempted oil and …

Rain Gutters Blamed for Many Home Drainage Problems

The person who coined the phrase “saving for a rainy day” must have been a property owner with home drainage problems. The financial costs of poor drainage can be substantial, and the human health costs significant too. Prevention is important, …

Alaska Earthquake Reveals Complexity of Tsunami Warnings

The powerful earthquake that struck beneath the Gulf of Alaska early Tuesday generated a tsunami, but before gauges could show that it was very small, warnings went out to a vast swath of the state and British Columbia, while a …

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