human error News

Human Error a Factor in 2016 Suburban Detroit Sinkhole, Officials Say

Officials say a sinkhole north of Detroit that damaged homes and cost $75 million to fix was caused by human error that allowed the quick release of waste and water into a sewer line. Macomb Public Works Commissioner Candice Miller …

Top 3 Causes of Global Liability Claims = 60% of Value: Allianz Report

Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty (AGCS). Collectively, these top three causes of loss for businesses account …

Effective Cybersecurity Strategy Rests on People, Not Just Technology

While many organizations continue to focus on the technology aspect of cyber defense, which is crucial, they often do so at the expense of people risks, which represent the largest source of data breach claims. New claims data analysis from …

Friday Afternoon Scam Cost Hedge Fund $1.2 Million – and CFO’s Job

The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday. The caller said he was from Coutts, the London-based hedge fund’s bank, and warned there …

Reports: Wisconsin Train Derailment Caused by Human Error

A two-train collision and derailment last July in southeastern Wisconsin was caused by human error when the rear of a freight train was unintentionally backed onto another rail line, according to reports submitted to federal transportation officials. Incident reports released …

TT Club Finds Majority of Supply Chain Claims Caused by Human Error

An analysis from London-based TT Club, which provides insurance and related risk management services for the international transport and logistics industry, has revealed human error to be the main cause of supply chain claims. TT Club said its research is …

Allianz Analyzes Marine Risks – 100 Years after Titanic Disaster

Specialist marine insurer Allianz Global Corporate & Specialty (AGCS) has taken an in depth look at the current state of marine insurance 100 years after the sinking of the Titanic. That legendary disaster led to improved safety requirements for ocean …