As cyber risks evolve, businesses are growing complacent, Zurich report says

Results from ’s annual Advisen Cyber Survey were presented and analyzed at this year’s Cyber Insights Conference in .

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Recovery Efforts Continue 5 Years After Superstorm Sandy

On Oct. 29¸ 2012¸ devastated coastal areas of and ¸ causing billions of dollars in damage¸ and killed dozens of people in the U.S. and . Here’s a look at where things stand with the region’s recovery five years later: reported $36.8 billion in damage¸ and New York $32.8 billion. While most of that money has been spent on recovery¸ some funds continue to be spent five years later¸ including aid for damaged homes. The Federal Emergency Agency says it has paid out $13.5 billion in public assistance funds in New York¸ and $1.9 billion in New Jersey. Aid to individuals and households has been $1 billion in New York and $422 million in New Jersey.

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New York Creates Testing Corridor for Drones

Envisioning a day when millions of will buzz around delivering packages, watching crops or inspecting pipelines, a coalition is creating an airspace corridor in upstate where traffic systems will be developed and unmanned aircraft can undergo …

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DFS Finalizes Regulation to Strengthen New York No-Fault Insurance Law

A new regulation issued by the State Department of Financial Services () aims to curb costs and abuses of New York’s no-fault insurance law while leveling the playing field for New York insurers, according to a press …

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Wearable Tech¸ Predictive Analytics And Workplace Safety

Wearable technology has advanced from simply storing data to helping prevent or reduce workplace accidents¸ and can provide employers and insurers with invaluable information¸ industry analysts said Thursday. However¸ that information must be properly stored¸ processed and protected¸ they added. The panelists at ’s 2017 Innovation Summit in made their comments during a session about the risks and benefits of wearable technology¸ noting that wearable devices can be used to increase safety¸ provide health information¸ improve working conditions and boost productivity.

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Sweeping cybersecurity regulations unlikely in Congress: Rep. Himes

Both Himes and an agent called for international cybesecurity norms during a conference in .

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Maria slams ashore in Puerto Rico as a Category 4 hurricane

Top winds reached 155 miles per hour as Maria made landfall near Yabucoa at around 6:15 a.m. time.

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Tropical Storm Jose could threaten New York next week, NHC says

Jose’s path could put it near and by Wednesday morning, though it may weaken to a tropical storm again by then.

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Conflicting policy provisions lead to coverage for fire at insured’s home

A trial court in has ruled that because a homeowner’s insurance policy contained conflicting provisions, Allstate had to cover the damages suffered when the home was destroyed by fire.

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Irma Fades While Jose Eyes $19 Trillion in Property

Don’t underestimate Jose. The meteorological gods seem to be working against the hurricane as Irma’s successor lumbers over the . But it’s so far out – more than 960 miles from – that it’s too soon to …

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Adjuster Scoping Techniques Can Be Motivated By Rewards During Catastrophes

Over 82¸000 victims of have so far filed claims with the National Flood Insurance Program (NFIP)¸ reports say. The number does not include any Irma victims. More problematic than the number of claims is that several of the adjusters assigned to assess the homes of claimants have very little training¸ if any¸ and work in a system that rewards them for carrying out as many inspections as possible – leading some to rush their assessments. reported that after Sandy hit and in 2012¸ approximately 15% of policyholders complained about being short-changed; something similar could happen following Hurricane Harvey and Irma.

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Three Construction Cranes Collapsed In Miami During Storm

Cranes at three high rises under construction collapsed in the face of heavy winds as ripped through the area on Sunday¸ days after authorities warned about dangers to cranes from the approaching storm. No injuries were reported in any of the three collapses¸ and investigations would begin after the storm cleared¸ officials said. Soon after one of the cranes collapsed¸ the chief executive of the company developing the building told Reuters he was attending the U.S. Open tennis tournament in when the accident occurred and had just learned about it.

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New York launches proactive cybersecurity rules for insurers

’s newly-enacted cybersecurity rules — billed as first in the nation — set minimum standards based on assessments.

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JLT Specialty announces senior VP

New hire will lead global services team and be based in

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New York State Worker Who Claimed Workers’ Comp Caught Kayaking

authorities say a state psychiatric center employee who received nearly $3,000 in workers’ compensation benefits for work-related injury claims was caught kayaking in . The Inspector General’s Office says the 30-year-old man applied for benefits in 2016, …

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Officials Bar Annual New York Lake Party 1 Year After Death

Authorities closed off a popular bay on an Adirondack lake to boaters Monday, scuttling an annual alcohol-fueled party from being held there a year after a fatal boat followed the event last summer. , executive director …

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New York Eyes ‘Textalyzer’ as Tool to Bust Drivers Using Phones

Police in state may soon have a high-tech way of catching texting drivers: a device known as a “textalyzer” that allows an officer to quickly check if a phone has been in use before a . . …

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New York Collision Association Warns Of Insurer Violations Related To Photo Estimating

A collision repair trade group has cautioned the Department of Financial Services that some insurers are violating law in their zeal for photo estimating. “(The State Auto Collision Technician’s Association) is very alarmed at what can only be described as a flagrant disregard of regulations by certain insurers around field inspections¸” Executive Director Ed Kizenberger wrote principal insurance examiner Elizabeth Anderson on July 10. NYSACTA’s sister Long Island Auto Body Repairman’s Association group has urged members to submit complaints to the (and email the details to ) and encourage customers to do so as well.

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New York launches online insurance agent license renewal

Insurance agents and brokers in whose state licenses have expired can now apply for re-licensing online rather than go through the old paper system.

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Airlines Lawsuit: Loose Beverage Cart Caused Traumatic Brain Injury

An American Airlines passenger says that he suffered “chronic traumatic brain injury” after allegedly being struck in the head by a runaway beverage cart. Making matters worse¸ claims the traveler¸ the cabin crew was not prepared to deal with the situation. According to a lawsuit [] filed in federal court in this week¸ the man and his wife were on a flight from Bradley International Airport in Connecticut to Charlotte Douglass Airport in . He was sitting on the aisle¸ with his wife in the row ahead of him. During takeoff¸ the lawsuit claims¸ “an unsecured¸ fully stocked beverage cart¸ weighing approximately 300 lbs.¸ situated at the front of the plane¸ flew down the aisle.”

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