Helicopter Pilot Killed In Crash Landing On Manhattan High-Rise

A helicopter crashed on top of a building in Midtown Monday afternoon. It happened around 1:45 p.m., according to the Federal Aviation Administration. Numerous emergency responders rushed to the scene at 787 Seventh Avenue between 51st and 52nd Streets. The pilot of the helicopter was killed. Sources tell CBS2 the pilot radioed before the crash that he was in trouble. Gov. Andrew Cuomo said that a helicopter made a “forced” or “emergency” landing on top of the building. Officials later described the incident as a “hard landing” at a high rate of speed.
Source: The Page – USA Helicopter Pilot Killed In Crash Landing On Manhattan High-Rise

Will Cyber Risk Be 9/11 All Over Again?

Hundreds of New York City firefighters were climbing the stairs in the World Trade Center when it collapsed, taking the lives of 2,700 people in September 2001. Many parts of the story are well known. One part haunts us today with respect to cyber risk. In an April Risk & ® story, editor Dan Reynolds reminded us of the difficulty of helping people understand cyber risk, particularly when mass media simplifies issues and social media spreads unfounded opinions and assumptions. Reynolds points out that the motivation of underwriters is to pay legitimate . Many of the electronic communication platforms create the opposite impression.
Source: The Claims Page – USA Will Cyber Risk Be 9/11 All Over Again?

Cyber head reveals common slip-up

Brokerage giant’s most senior cyber figure offers his insight


Source: Business Online Cyber head reveals common slip-up

Club 4X4 appoints Claims Central as claims services and technology partner

The move supports the underwriter’s recent move to a new head office in the Paramatta CBD


Source: Business Online Club 4X4 appoints Claims Central as claims services and technology partner

New general liability offering launched

The product is backed by 100% Lloyd’s security


Source: Business Online New general liability offering launched

FM Global releases new fire protection and installation guidance

A downloadable technical report can be accessed on the insurer’s website


Source: Business Online FM Global releases new fire protection and installation guidance

Protocols Weren’t Followed Before Tiger Attack

KANSAS CITY, Mo. — Longtime procedures involving the handling of potentially dangerous animals were not followed in April when a Topeka Zoo employee was attacked and injured by a tiger , according to a report released Thursday. The report detailing …
Source: Journal USA Protocols Weren’t Followed Before Tiger Attack

Surety bonds – a brief introductory guide

It’s a growing form of financial credit


Source: Business Online Surety bonds – a brief introductory guide

US Storms In May Will Cost Insurers Billions: Aon

Insurers are on the hook for a multibillion-dollar payout as a result of severe convective storms across much of the United States in May including more than 362 tornadoes — the highest tally for this month since 2015, according to a report Thursday from Aon PLC. No fewer than seven outbreaks of severe convective storms swept across central and eastern parts of the U.S. in May, and the overall impact will be in the billions of dollars, according to Aon PLC’s global catastrophe recap. “Severe convective storms have resulted in at least US$10 billion in U.S. payouts annually since 2008, and we are likely headed towards a 12th consecutive year,” Steve Bowen, director and meteorologist within Aon’s Impact Forecasting team, said in the statement.
Source: The Page – USA US Storms In May Will Cost Insurers Billions: Aon

Opioid Manufacturer Insys Files for Bankruptcy after Kickback Probe

Drugmaker Insys Therapeutics Inc filed for bankruptcy protection on Monday amid mounting expenses driven by a U.S. Justice Department probe into it paid doctors bribes to prescribe a powerful opioid medication. The Chapter 11 bankruptcy filing marked a first …
Source: Claims Journal USA Opioid Manufacturer Insys Files for Bankruptcy after Kickback Probe

Brush Fire Evacuation Closes 2 Southern Calif. Amusement Parks

LOS ANGELES — A brush fire raging along a Southern California riverbed prompted the evacuation of two nearby amusement parks on Sunday, but no homes were threatened and no serious injuries were reported, authorities said. The blaze erupted at about …
Source: Journal USA Brush Fire Evacuation Closes 2 Southern Calif. Amusement Parks

70% Of Workers’ Comp Billing Disputes End Badly For California Payers

A performance report on the first five years of California’s independent bill review program reveals that adjusters’ billing decisions rarely align with how the state workers’ comp system sees things. According to the latest report from the California Dept. of Industrial Relations’ Division of Workers’ Compensation (DWC)¸ more than 70 percent of workers’ comp bills submitted to the state for bill review adjudication are decided in favor of the medical provider disputing the amount remitted by payers. That means that in seven out of 10 cases¸ not only are payers on the hook for additional medical costs¸ they also have to pick up the tab for the review fee.
Source: The Claims Page – USA 70% Of Workers’ Comp Billing Disputes End Badly For California Payers

How Insurers Can Turn Their Salvage Into Social Purpose

If your client has filed a claim after experiencing a major event like a flood or fire¸ it’s likely that contractors have removed salvageable materials that are still usable. For example¸ in the event of a kitchen flood¸ contractors may place a large bin outside and start taking apart the flooring and cabinets that had been damaged. But in this case¸ the flood would have likely damaged flooring and lower cabinets¸ so why throw the upper cabinets in a bin destined for the landfill when they can be repurposed? One large Canadian insurer has taken a unique approach to divert such salvageable materials from landfills. Since 2014¸ The Co-operators has partnered with Habitat for Humanity Canada for the insurer’s ReClaim program¸ which provides Habitat for Humanity ReStores with good quality materials salvage from a home claim.
Source: The Page – USA How Insurers Can Turn Their Salvage Into Social Purpose

Real Or Fake? Finding Workers’ Comp Fraud

Security cameras in a company cafeteria recently captured a brazen attempt to fake a workers’ compensation injury. The video shows that the man dumped a cup of ice onto the floor¸ disposed of the cup and then lay down on the floor as though he slipped on the ice. Prosecutors have charged the man with fraud and theft by deception. In this case¸ the fraud was well-documented. But most employers do not have cameras in their lunch rooms or other areas of their work places. It can be very difficult to prove someone has faked an injury in the workplace without cameras catching the person in the act. But the consequences of undetected workers’ compensation fraud are enormous.
Source: The Page – USA Real Or Fake? Finding Workers’ Comp Fraud

Expertise “essential” to smooth claims process

Specialist firm says staff must know their stuff


Source: Business Online Expertise “essential” to smooth claims process

Innovation and diversity in the insurance industry are not mutually exclusive

Many companies still lack equal representation in the C-suite, and male leaders need to be part of the inclusion conversation


Source: Business Online Innovation and diversity in the insurance industry are not mutually exclusive

Judges revealed for Insurance Business Australia Awards

Panel announced for prestigious industry awards


Source: Business Online Judges revealed for Insurance Business Australia Awards

“Arrogant” driver lies to insurer after crash

The incident was caught by a dashcam and then posted online


Source: Business Online “Arrogant” driver lies to insurer after crash

POP Insurance Holdings in worldwide tech tie-up

The partnership seeks to deliver a better experience to brokers and insurers


Source: Insurance Business Online POP Insurance Holdings in worldwide tech tie-up

Website Lists Coaches Banned from U.S. Olympics

An advocacy group has published a first-of-its-kind comprehensive list of coaches banned from Olympic sports, creating a database of nearly 1,000 people no longer allowed to work in the U.S. Olympic system because of sex-abuse allegations, doping positives and other …
Source: Journal USA Website Lists Coaches Banned from U.S. Olympics