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Surge in Sinkholes Nationwide Tied to Deteriorating Infrastructure

Dora Linda Nishihara was driving in San Antonio one dark evening in early December when she suddenly disappeared from sight. Later, her car, with her body inside, was found at the bottom of a 12-foot-deep water-filled sinkhole that had swallowed …

Verisk: Faulty Application Info Can Erode Auto Insurers’ Bottom Line

Erroneous policy information from customers and agents, whether by accident or intent, can distort actual risk and take a heavy toll on auto insurers’ underwriting results. Research conducted by Verisk Analytics for three large insurers found deteriorating application integrity contributed …

Biometrics Could Make Passwords a Thing of the Past

Headlines about mass data breaches have become ominously routine, and yet password convenience still trumps security for most people. That’s why, year after year, the world’s most popular log-on remains “123456,” a password so obvious it accounted for 17 percent …

Fears of Hacking Increase Demand for Cyber Insurance

For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free marketing for what could be a $10 billion opportunity. …

Mock Car Crash Teaches Teens Dramatic Lesson on Driving Safety

Hayden Walker opened his eyes to see the inside of the zipper on a body bag. “It was terrifying. It very much felt real,” said Walker, a senior at Tri-Valley High School in Downs. Walker and four of his peers …

New Indiana Law Gives $10M to Better Railroad Intersections

Indiana’s most dangerous rail crossings could soon receive safety upgrades thanks to a new law which provides $10 million to improve crash-prone rail intersections. The (Northwest) Indiana Times reports the infrastructure funding legislation enacted last week by Gov. Eric Holcomb …

Hawaii Day Care Liability Bill Awaits Governor’s Signature

A bill requiring Hawaii child care providers to obtain liability insurance has passed its final reading in the House. The bill is awaiting Gov. David Ige’s signature to go into effect, Hawaii News Now reported Sunday. The bill would increase …

Florida Legislature Can’t Agree on Medical Marijuana

Rules to enact Florida’s medical marijuana amendment went up in smoke on Friday after the Legislature failed to pass a bill. The House and Senate agreed on most key parts of a bill putting rules in place for Amendment 2. …

Millennial Says Individual Development Plans, Pay Incentives Nurture Younger Staff

The insurance and risk management fields are professions with legions of rapidly-retiring older employees, and they struggle to hire and keep promising new, and younger ones. How to accomplish this? Customized training is one way to do this, a millennial …

North Carolina Bill Limiting Farm Nuisance Damages Vetoed

Gov. Roy Cooper vetoed legislation Friday that would have limited monetary damages in civil lawsuits filed by neighbors of hog and poultry farm operations when judges determine the stench from animal waste is a nuisance. Cooper said the measure, which …

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