World’s Hot Spots for Cargo Theft..........read more
Cargo theft rates in Europe increased 24 percent on average last year from
2011, and were on the rise in Asia as well, while rates in North, Central and
South Americas remained consistent with prior years.
The greatest risk of cargo theft today exists in Brazil, Mexico and South
Africa, according to the 2013 Global Theft Assessment by FreightWatch
International, a global logistics security services company. The firm said its
report is based on data from industry and law enforcement agencies.
For the past decade, more than 10,000 cargo theft incidents have been
reported in Brazil. In 2012, nearly 6,800 incidents were reported in São Paulo
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Boston Terror Attack 'Bound to Have Impact' on Event Cancellation Coverage:
The bombing at the Boston Marathon—the first successful, high-profile terrorist
attack in the U.S. since 9/11—could impact the terrorism insurance marketplace,
specifically event cancellation coverage.
Gordon Woo, catastrophist specializing in the mathematical aspects of
catastrophe insurance risk modeling for Risk Management Solutions, tells
PC360 the bombing is “bound to have an impact on event cancellation.”
10 Deadliest Driving Distractions
Distracted driving endangers not only those behind the wheel but also their passengers, fellow road occupants and pedestrians. In fact, drivers using hand-held devices are four times more likely to get into crashes serious enough to injure themselves, a statistic that has led to them being banned in 11 states.
As a recent report from Erie Insurance shows, the consequences of distracted driving can also be tragic. Teen drivers are more likely than any other age group to be involved in a fatal crash where distraction was cited. To reinforce good driving behaviors during April (which has been designated National Distracted Driving Awareness Month) and beyond,
Erie enumerates the 10 deadliest distractions and how to avoid them. Although texting while driving (TWD) poses an enormous crash risk, with young adults listed as the most notorious offenders, it surprisingly did not claim the top spot on the insurer’s list.
see the top 10 read more...............
Arson and Innocent Co-Insureds: Homeowners Coverage Analysis