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