10 trends impacting the insurance industry

Technology and millennials continue to impact the insurance industry
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10 trends impacting the insurance industry was originally posted by ClaimsMate.com Insurance Information Resources

Are these emerging risks on your radar?

Experts predict cyber risk and reputational damage will increase
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Are these emerging risks on your radar? was originally posted by ClaimsMate.com Insurance Information Resources

Are these emerging risks on your radar?

Experts predict cyber risk and reputational damage will increase
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Are these emerging risks on your radar? was originally posted by ClaimsMate.com Insurance Information Resources

Design failures and professional risks

Every risk requires due diligence to mitigate the consequences of a catastrophic failure
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Design failures and professional risks was originally posted by ClaimsMate.com Insurance Information Resources

Design failures and professional risks

Every risk requires due diligence to mitigate the consequences of a catastrophic failure
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Design failures and professional risks was originally posted by ClaimsMate.com Insurance Information Resources

Editor's Note: Do you know an outstanding claims professional?

Submit your entries to recognize exceptional claims pros
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Editor's Note: Do you know an outstanding claims professional? was originally posted by ClaimsMate.com Insurance Information Resources

Eyes in the sky

More than 7 million drones will be flying by 2020, costing insurers $6.8 billion
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Eyes in the sky was originally posted by ClaimsMate.com Insurance Information Resources

Eyes in the sky

More than 7 million drones will be flying by 2020, costing insurers $6.8 billion
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Eyes in the sky was originally posted by ClaimsMate.com Insurance Information Resources

Hail damage to HVAC condenser coils

Spring weather patterns can wreak havoc on HVAC condensers
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Hail damage to HVAC condenser coils was originally posted by ClaimsMate.com Insurance Information Resources

Hail damage to HVAC condenser coils

Spring weather patterns can wreak havoc on HVAC condensers
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Hail damage to HVAC condenser coils was originally posted by ClaimsMate.com Insurance Information Resources

Insurance 2.0 is a game changer

Technology and innovation could prevent or eliminate many insurance risks
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Insurance 2.0 is a game changer was originally posted by ClaimsMate.com Insurance Information Resources

Insurance 2.0 is a game changer

Technology and innovation could prevent or eliminate many insurance risks
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Insurance 2.0 is a game changer was originally posted by ClaimsMate.com Insurance Information Resources

Model behavior

Models can be used to determine risk for everything from catastrophes to flu outbreaks
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Model behavior was originally posted by ClaimsMate.com Insurance Information Resources

Model behavior

Models can be used to determine risk for everything from catastrophes to flu outbreaks
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Model behavior was originally posted by ClaimsMate.com Insurance Information Resources

New tool evaluates climate risk for insurers

Actuaries are providing insurers with some new ways to look at weather risks
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New tool evaluates climate risk for insurers was originally posted by ClaimsMate.com Insurance Information Resources

New tool evaluates climate risk for insurers

Actuaries are providing insurers with some new ways to look at weather risks
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New tool evaluates climate risk for insurers was originally posted by ClaimsMate.com Insurance Information Resources

The ethics of ingenuity

Over the last five decades, major changes in the way property, casualty and marine claims are investigated have undergone many developments. Telephone adjusting arrived in the 1960s, once courts permitted telephone statements taken with permission to be admitted as evidence.
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The ethics of ingenuity was originally posted by ClaimsMate.com Insurance Information Resources

West Virginia House Passes Bill to Aid Opioid Addiction Treatment Facilities

The number of beds available at state-run substance abuse treatment facilities would increase in drug-ravaged West Virginia under a bill passed Wednesday by the House. The bill passed on a 99-0 vote. It now moves to the state Senate. West …
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West Virginia House Passes Bill to Aid Opioid Addiction Treatment Facilities was originally posted by ClaimsMate.com Insurance Information Resources

Florida Continues Aggressive Efforts to Stop Zika

Florida officials say they’re continuing aggressive efforts to stop the spread of the Zika virus. Gov. Rick Scott met Monday with Miami-Dade County officials to discuss Zika preparedness ahead of Florida’s rainy season, when mosquitoes are most prevalent. Officials said …
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Florida Continues Aggressive Efforts to Stop Zika was originally posted by ClaimsMate.com Insurance Information Resources

USGS Lowers Seismic Hazard Forecast for Oklahoma in 2017

Oklahoma experienced fewer earthquakes last year compared with 2015 and a recent study of human-induced earthquakes predicts another year of reduced seismicity for the state in 2017. The U.S. Geological Survey warns, however, that that Oklahoma and southern Kansas, along …
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USGS Lowers Seismic Hazard Forecast for Oklahoma in 2017 was originally posted by ClaimsMate.com Insurance Information Resources

Minnesota Better Prepared for Bird Flu, Poultry Producers Say

Minnesota is better prepared for a potential bird flu return after a devastating 2015 epidemic, according to poultry producers and experts. Poultry farmers are waiting as the early spring opens water on lakes and rivers, leading to the migration of …
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Minnesota Better Prepared for Bird Flu, Poultry Producers Say was originally posted by ClaimsMate.com Insurance Information Resources

Michigan Senate OKs $5M Loan for Sinkhole; Allots Federal Aid for Flint

The Michigan Senate has approved a $5 million interest-free state loan to help repair a large sinkhole in suburban Detroit, narrowly rejecting a call to stick with a House plan that would instead give Macomb County a $3 million infrastructure …
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Michigan Senate OKs $5M Loan for Sinkhole; Allots Federal Aid for Flint was originally posted by ClaimsMate.com Insurance Information Resources

11 Suits Over 2010 Flood Tossed by Texarkana Judge

A Texarkana judge has dismissed 11 civil lawsuits connected to the historic 2010 flood at Albert Pike campgrounds in Ouachita National Forest in Arkansas that took the lives of 20 men, women and children. The 11 lawsuits, which were consolidated …
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11 Suits Over 2010 Flood Tossed by Texarkana Judge was originally posted by ClaimsMate.com Insurance Information Resources

Homeowners Association at Sinking High-Rise in San Francisco Sue Developer

A homeowners association representing property owners at a downtown San Francisco high-rise has sued the developers on for failing to tell residents the condominium tower was sinking at an unexpected rate. The Millennium Tower homeowners association’s lawsuit is the latest …
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Homeowners Association at Sinking High-Rise in San Francisco Sue Developer was originally posted by ClaimsMate.com Insurance Information Resources

New Mexico Gets $50M Tobacco Settlement Payment

New Mexico this year will receive the largest tobacco settlement payment it has ever received from the industry. The state attorney general’s office made the $50 million announcement this week, saying the payment includes an additional $14.5 million as a …
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New Mexico Gets $50M Tobacco Settlement Payment was originally posted by ClaimsMate.com Insurance Information Resources

LP Insurance Services in Nevada Adds Holland as Shareholder

Reno, Nev.-based LP Insurance Services Inc. has named Tim Holland as its newest shareholder. Holland will continue as an employee benefits sales executive with LP Insurance. He has been in that role since 2011. LP Insurance Services Inc. is a …
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LP Insurance Services in Nevada Adds Holland as Shareholder was originally posted by ClaimsMate.com Insurance Information Resources

Ryan Specialty Group Agrees to Acquire Assets of New York-Based LoVullo

Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire substantially all of the assets of LoVullo Associates Inc. (LoVullo), a wholesale insurance brokerage and binding authority operation based in Depew, N.Y. LoVullo will become part of RT …
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Ryan Specialty Group Agrees to Acquire Assets of New York-Based LoVullo was originally posted by ClaimsMate.com Insurance Information Resources

Marsh & McLennan Promotes Walsh in New York

Marsh & McLennan Companies Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, has appointed Keith Walsh as chief financial officer of the Company’s Risk and Insurance Services (RIS) segment, which includes …
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Marsh & McLennan Promotes Walsh in New York was originally posted by ClaimsMate.com Insurance Information Resources

Everest Insurance Expands Inland Marine Team with 3 New Hires

Everest Insurance has expanded its Inland Marine team with the hiring of Tom Warner, Mike Lewis and Timothy Janeway. Tom Warner has joined Everest Insurance as vice president Inland Marine for the Southeast region. Warner joins Everest from the Beazley Group, where …
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Everest Insurance Expands Inland Marine Team with 3 New Hires was originally posted by ClaimsMate.com Insurance Information Resources

Governors Report Pedestrian Fatalities Continue to Increase

The number of persons on foot killed on U.S. roadways last year increased an estimated 11 percent compared to 2015, according to the Governors Highway Safety Association (GHSA). This represents the steepest year-to-year increase since record-keeping began, both in terms of number …
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Governors Report Pedestrian Fatalities Continue to Increase was originally posted by ClaimsMate.com Insurance Information Resources

Republican Senator Wants Trump to Drop Systemic Risk Case Against MetLife

A Republican member of the Senate Banking Committee said on Thursday that he was “frustrated” that the Trump administration had not yet dropped the government’s case against Metlife Inc., an insurer challenging its “too big to fail” designation. Senator Pat …
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Republican Senator Wants Trump to Drop Systemic Risk Case Against MetLife was originally posted by ClaimsMate.com Insurance Information Resources

Madoff Deals in Locked Safe a Focus of UK Lawsuit Seeking Damages of $66M

Principal Financial Group Inc. accused the managers of Liongate Capital Management LLP of hiding investments with Bernie Madoff while negotiating to sell half of their London hedge fund to Principal. Founders Randall Dillard and Jeff Holland, and Head of Research …
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Madoff Deals in Locked Safe a Focus of UK Lawsuit Seeking Damages of $66M was originally posted by ClaimsMate.com Insurance Information Resources

Allianz Insurance Launches Live Video Streaming Platform for Property Claims

Allianz Insurance, the U.K.-based subsidiary of Allianz SE, has launched a video streaming platform called Allianz Site View, which is designed to enhance its claims proposition by enabling customers to send images, video clips or conduct live video interactions with …
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Allianz Insurance Launches Live Video Streaming Platform for Property Claims was originally posted by ClaimsMate.com Insurance Information Resources

Bermuda Re/Insurers Start to Feel Pressures of Challenging Market: A.M. Best

Bermuda market re/insurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve development. These negative trends are becoming increasingly evident for Bermuda insurers and …
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Bermuda Re/Insurers Start to Feel Pressures of Challenging Market: A.M. Best was originally posted by ClaimsMate.com Insurance Information Resources

2 retired N.C. insurance agents convicted of fraud

It took seven years, but the N.C. Insurance Department finally convicted two retired insurance agents of fraud, in a case worth $11 million.
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2 retired N.C. insurance agents convicted of fraud was originally posted by ClaimsMate.com Insurance Information Resources

Top 100 U.S. cities with the highest risk of home fires, ranked by The Hartford [infographic]

The Hartford has released its ranking of the top 100 U.S. cities with the highest home fire risk, as ranked by the insurer’s Home Fire Index.
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Top 100 U.S. cities with the highest risk of home fires, ranked by The Hartford [infographic] was originally posted by ClaimsMate.com Insurance Information Resources

Qatar Insurance Subsidiary Reaffirms London Commitment with New HQ

A Qatar Insurance Co. SAQ unit has signed a lease for a new headquarters close to the Lloyd’s of London insurance market, which is more than twice the size of the company’s existing premises. Antares Underwriting Services Ltd., acquired by …
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Qatar Insurance Subsidiary Reaffirms London Commitment with New HQ was originally posted by ClaimsMate.com Insurance Information Resources

Fosun ‘Seeking Investors’ for Minority Stake in Reinsurance Unit, Peak Re

Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of a possible initial public offering, according to people familiar with the matter. The sale of shares in Peak Reinsurance Co. could …
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Fosun ‘Seeking Investors’ for Minority Stake in Reinsurance Unit, Peak Re was originally posted by ClaimsMate.com Insurance Information Resources

Endurance, With SOMPO as New Owner, Gets A.M. Best Ratings Upgrade

Endurance Specialty Holdings Ltd. got a financial ratings upgrade from A.M. Best and is no longer under review, based on positives the ratings agency sees after it was acquired by Japan’s SOMPO Holdings Inc. for $6.3 billion. A.M. Best upgraded …
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Endurance, With SOMPO as New Owner, Gets A.M. Best Ratings Upgrade was originally posted by ClaimsMate.com Insurance Information Resources

Artificial Intelligence, IoT Startups Gaining in Global Insurtech Funding

Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured into them globally is going into artificial intelligence and internet of things startups, new research finds. The research from Accenture, …
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Artificial Intelligence, IoT Startups Gaining in Global Insurtech Funding was originally posted by ClaimsMate.com Insurance Information Resources

Top 6 insurable incidents small business owners faced in 2016

Many small businesses experienced insurable events in 2016, but didn’t file claims for them. Here are the top 6 insurable incidents and the coverages clients can get for them.
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Top 6 insurable incidents small business owners faced in 2016 was originally posted by ClaimsMate.com Insurance Information Resources

Alliant Handed Victory over Aon in Third ‘Poaching’ Suit

A jury in Fresno, Calif. has ruled against Aon Corp. in yet another poaching lawsuit that involves the U.K. brokerage and rival Alliant Insurance Services. The jury rejected every claim by Aon levied against Newport Beach, Calif.-based Alliant and 10 …
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Alliant Handed Victory over Aon in Third ‘Poaching’ Suit was originally posted by ClaimsMate.com Insurance Information Resources

What Could be Hotter than Phoenix? The Answer Might Just Be Phoenix

Can you imagine an even hotter, drier Phoenix? Certainly not if you’ve been to the sun-drenched Arizona capitol in the summer. Such an inconceivable scenario is being proposed by the LA Times. “Today, Phoenix is a horizon of asphalt, air …
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What Could be Hotter than Phoenix? The Answer Might Just Be Phoenix was originally posted by ClaimsMate.com Insurance Information Resources

3 Storm Chasers Die in West Texas Crash

Storms that bore down on Southern Plains states brought powerful winds that upended a tractor-trailer on an Oklahoma interstate, killing the driver, while three storm chasers died in a collision as they raced toward a tornado-warned storm in West Texas, …
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3 Storm Chasers Die in West Texas Crash was originally posted by ClaimsMate.com Insurance Information Resources

Texas Businesses Divided on High-Priority Insurance Bill

This article originally appeared in the Texas Tribune. Weeks after major business interests blasted legislation that would make it harder for property owners to sue insurance companies over weather-related damages, other high-profile business interests are lining up in support of …
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Texas Businesses Divided on High-Priority Insurance Bill was originally posted by ClaimsMate.com Insurance Information Resources

RLI Promotes McLaughlin to VP, Chief Claim Counsel; Casey to Retire

Peoria, Ill.-based specialty insurer RLI Corp. is promoting Betsy McLaughlin to vice president, chief claim counsel, effective April 1. McLaughlin is assuming the responsibilities of Brian J. Casey, retires on March 31. Casey will continue to serve in an advisory …
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RLI Promotes McLaughlin to VP, Chief Claim Counsel; Casey to Retire was originally posted by ClaimsMate.com Insurance Information Resources

Lack of Markings Caused 2016 Fatal California Bus Crash, Report Shows

Federal investigators say inadequate highway markings caused a fatal Greyhound bus crash in California last year that killed two people and injured 13 others, including the driver. The National Transportation Safety Board said in a report Tuesday that the lack …
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Lack of Markings Caused 2016 Fatal California Bus Crash, Report Shows was originally posted by ClaimsMate.com Insurance Information Resources

The Similarities Between 2 Deadly Oakland Fires Are Striking

The similarities between two deadly Oakland, Calif. fires that occurred nearly four months apart are striking: Each involved a dangerously dilapidated building with an absentee landlord and renters desperate for affordable housing in the expensive San Francisco Bay Area. The …
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The Similarities Between 2 Deadly Oakland Fires Are Striking was originally posted by ClaimsMate.com Insurance Information Resources

The Hartford Names Tooker as Head of Middle Market Segment

The Hartford has named A. Morris “Mo” Tooker, currently chief underwriting officer, as head of its Middle Market segment. Tooker remains chief underwriting officer for the company’s property/casualty businesses and continues to report to Doug Elliot, president of The Hartford. …
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The Hartford Names Tooker as Head of Middle Market Segment was originally posted by ClaimsMate.com Insurance Information Resources

California City Was Warned About Flood But Failed To Act, Officials Say

Water officials say authorities in San Jose, Calif.  received several warnings that flooding was imminent but failed to evacuate thousands of residents who were trapped in their homes after a creek broke its banks. John Varela, board chairman of the …
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California City Was Warned About Flood But Failed To Act, Officials Say was originally posted by ClaimsMate.com Insurance Information Resources

XL Catlin Adds Marlane to Its Environmental Business in California

XL Catlin’s environmental insurance business has appointed Denali Marlane as its Western regional underwriting manager in San Francisco. Marlane will manage XL Catlin’s environmental underwriting operations. She comes from AIG, where she most recently was a claims sales leader. XL …
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XL Catlin Adds Marlane to Its Environmental Business in California was originally posted by ClaimsMate.com Insurance Information Resources

MassMutual Southern and Northern New England Merge with CFG

MassMutual Southern New England in Warwick, R.I., and MassMutual Northern New England in Bedford, N.H., have merged with Commonwealth Financial Group (CFG), a Boston, Mass.-based comprehensive financial planning firm. CFG, a general agency of Massachusetts Mutual Life Insurance Company, was …
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MassMutual Southern and Northern New England Merge with CFG was originally posted by ClaimsMate.com Insurance Information Resources

Exxon Dealt a Blow as Texas Judge Sends Climate Suit to New York

Exxon Mobil Corp.’s attempt to derail a multistate fraud probe into whether the company fully disclosed to investors the financial risks of climate change was dealt a major blow after a Texas judge moved the case from its home turf …
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Exxon Dealt a Blow as Texas Judge Sends Climate Suit to New York was originally posted by ClaimsMate.com Insurance Information Resources

XL Catlin Taps SCOR’s Ennadifi as Senior U/W, Structured Risk Solutions

XL Catlin’s insurance operations announced the appointment of Isa Ennadifi as senior underwriter, Structured Risk Solutions (SRS). She is based in London. The SRS team is a global underwriting unit that provides XL Catlin’s clients with customized solutions for large …
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XL Catlin Taps SCOR’s Ennadifi as Senior U/W, Structured Risk Solutions was originally posted by ClaimsMate.com Insurance Information Resources

Heist of $81M from Bangladesh Bank Blamed on ‘State-Sponsored Attack’

The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was “state-sponsored,” an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday. Lamont Siller, the …
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Heist of $81M from Bangladesh Bank Blamed on ‘State-Sponsored Attack’ was originally posted by ClaimsMate.com Insurance Information Resources

Bedbugs Lead Animal Insurance Claims by Businesses

Bedbugs in hotel rooms and aggressive peacocks are some of the creatures behind an uptick in animal-related insurance claims filed by U.S. businesses, according to a study published on Thursday by insurer Allianz SE . U.S. claims involving bedbugs increased 50 percent …
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Bedbugs Lead Animal Insurance Claims by Businesses was originally posted by ClaimsMate.com Insurance Information Resources

AIG Enhances Motor Fleet Claims Service, Harnessing Cloud-Based Technology

AIG UK announced it has entered into a partnership with VUEcloud Ltd., a UK software technology provider to the commercial motor industry, to provide an enhanced claims service to motor fleet customers by harnessing cloud-based technology. The new service, powered …
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AIG Enhances Motor Fleet Claims Service, Harnessing Cloud-Based Technology  was originally posted by ClaimsMate.com Insurance Information Resources

Superyacht Specialist Yachtpod to Underwrite on Castel’s MGA Platform

Yachtpod Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies Ltd.’s MGA formation platform to offer dedicated superyacht insurance on a worldwide basis. Yachtpod specializes in providing a “one-stop” shop for superyacht owners, captains and managers …
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Superyacht Specialist Yachtpod to Underwrite on Castel’s MGA Platform was originally posted by ClaimsMate.com Insurance Information Resources

Insurance agents need specific notice when homeowners' property use changes

A New York court has ruled that an insured’s 'passing comment' to his insurance agent that he might rent out his home when he moved to Ohio was insufficient to put the insurer on notice of a change in the property’s use.
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Insurance agents need specific notice when homeowners' property use changes was originally posted by ClaimsMate.com Insurance Information Resources

N.Y. state to P&C insurance companies: Submit disaster response & recovery plans

N.Y. state issues deadline to P&C insurers to submit disaster response and recovery plans and business continuity plans and to respond to online questionnaires.
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N.Y. state to P&C insurance companies: Submit disaster response & recovery plans was originally posted by ClaimsMate.com Insurance Information Resources

N.Y. state to P&C insurance companies: Submit disaster response & recovery plans

N.Y. state issues deadline to P&C insurers to submit disaster response and recovery plans and business continuity plans and to respond to online questionnaires.
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N.Y. state to P&C insurance companies: Submit disaster response & recovery plans was originally posted by ClaimsMate.com Insurance Information Resources

Brussels Hopes to Lure Other Finance Firms After Its Success with Lloyd’s

Brussels expects to lure other financial players after convincing Lloyd’s of London, the world’s largest specialty insurance market, to make the city its post-Brexit European hub. While Lloyd’s choice on Thursday surprised some, lower rental prices and its proximity to …
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Brussels Hopes to Lure Other Finance Firms After Its Success with Lloyd’s was originally posted by ClaimsMate.com Insurance Information Resources

Lloyd’s Reports £2.1B ($2.6B) Profit for 2016, Unchanged from 2015

Lloyd’s reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion), level with 2015, despite a worsening of the market’s combined ratio at 97.9 percent, compared with 90.0 percent in 2015. Return on capital was 8.1 percent in 2016 compared with …
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Lloyd’s Reports £2.1B ($2.6B) Profit for 2016, Unchanged from 2015 was originally posted by ClaimsMate.com Insurance Information Resources

Bird Flu Found in Georgia Farm Chicken Flock

About 18,000 chickens were destroyed at a northwest Georgia poultry farm after tests confirmed avian influenza in the flock, the first time the disease has been detected in commercial birds in the state, authorities said Monday. The infected chickens were …
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Bird Flu Found in Georgia Farm Chicken Flock was originally posted by ClaimsMate.com Insurance Information Resources

Judge to Hear Objection to Trump University’s $25 Million Settlement

A U.S. judge will hear arguments on Thursday over whether to grant final approval to a $25 million settlement of fraud lawsuits against President Donald Trump over his Trump University real estate investment seminars, with at least one former student …
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Judge to Hear Objection to Trump University’s $25 Million Settlement was originally posted by ClaimsMate.com Insurance Information Resources

Citizens Tells Florida Agents: We Need Your Help Fighting AOB Abuse

As the Florida property market fights what has so far been a losing battle against attorneys and unlicensed contractor firms over water loss claims and assignment of benefits (AOB), Citizens Property Insurance Corp., Florida’s property insurer of last resort, has …
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Citizens Tells Florida Agents: We Need Your Help Fighting AOB Abuse was originally posted by ClaimsMate.com Insurance Information Resources

Terror risk from small domestic drones has U.S officials worried

The potential for terrorists to pack small consumer drones with explosives or to use them as weapons has become a 'tangible reality' in the U.S.
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Terror risk from small domestic drones has U.S officials worried was originally posted by ClaimsMate.com Insurance Information Resources

Terror risk from small domestic drones has U.S officials worried

The potential for terrorists to pack small consumer drones with explosives or to use them as weapons has become a 'tangible reality' in the U.S.
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Terror risk from small domestic drones has U.S officials worried was originally posted by ClaimsMate.com Insurance Information Resources

Citizens Posts Net Loss of $27M for 2016; Says Water Losses, AOB Abuse to Blame

Citizens Property Insurance Corp. will post a net loss for 2016, its first loss in more than a decade, as water loss claims, assignment of benefit (AOB) abuse and litigation costs increasingly impact the company’s bottom line, according to a …
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Citizens Posts Net Loss of $27M for 2016; Says Water Losses, AOB Abuse to Blame was originally posted by ClaimsMate.com Insurance Information Resources

Cyclone Debbie leaves 'war zone' after hitting Aussie state

A huge clean-up operation is under way in the Australian state of Queensland after a powerful cyclone swept through the region, tearing roofs off buildings and downing trees.
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Cyclone Debbie leaves 'war zone' after hitting Aussie state was originally posted by ClaimsMate.com Insurance Information Resources

Cyclone Debbie leaves 'war zone' after hitting Aussie state

A huge clean-up operation is under way in the Australian state of Queensland after a powerful cyclone swept through the region, tearing roofs off buildings and downing trees.
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Cyclone Debbie leaves 'war zone' after hitting Aussie state was originally posted by ClaimsMate.com Insurance Information Resources

A.M Best Assigns Rating to ICC Holdings; Affirms Illinois Casualty Ratings

A.M. Best has assigned a long-term issuer credit rating (Long-Term ICR) of “bb” to ICC Holdings Inc. (ICC Holdings) in Rock Island, Ill., a recently formed publicly traded holding company for the demutualization of Illinois Casualty Co. (Illinois Casualty), also based in Rock Island. …
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A.M Best Assigns Rating to ICC Holdings; Affirms Illinois Casualty Ratings was originally posted by ClaimsMate.com Insurance Information Resources

Proposed Wisconsin Bill Targets Adults Who Host Underage Drinkers

Adults who let teenagers drink in their homes would be breaking the law under a proposal two Republican Wisconsin lawmakers are circulating. The bill would address what Rep. Andre Jacque and Sen. Van Wanggaard call the “social host” loophole in …
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Proposed Wisconsin Bill Targets Adults Who Host Underage Drinkers was originally posted by ClaimsMate.com Insurance Information Resources

Little Rock, Arkansas, Now Offers DWI Sobriety Court Option

Little Rock, Ark., has started a sobriety court program that treats certain people charged with driving while intoxicated. The yearlong intensive program allows “hardcore DWI offenders” to choose that option instead of serving jail time, heavy fines and community service …
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Little Rock, Arkansas, Now Offers DWI Sobriety Court Option was originally posted by ClaimsMate.com Insurance Information Resources

RightSure Purchases Chaparral Insurance in Arizona

RightSure Insurance Group has acquired Prescott Valley, Ariz.-based Chaparral Insurance Agency. This represents RightSure’s 12th book of business acquisition. With this acquisition, Chaparral customers will have access to RightSure’s call center and its team. Tucson, Ariz.-based RightSure is an independent …
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RightSure Purchases Chaparral Insurance in Arizona was originally posted by ClaimsMate.com Insurance Information Resources

Markel International’s Trade Credit Team Opens for Business in Canada

Markel International, the specialist insurer and subsidiary of Markel Corp., is aiming to develop its trade credit and political risk business in Canada. Business will be underwritten by Markel Canada on Lloyd’s Syndicate 3000 paper. Markel Canada, established in 1966, …
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Markel International’s Trade Credit Team Opens for Business in Canada was originally posted by ClaimsMate.com Insurance Information Resources

Acappella Syndicate Promotes Quinn and Bellamy in Reinsurance Division

Acappella Syndicate 2014 is very pleased to announce the promotion of Jim Quinn to the new role of head of the Reinsurance Division and Matthew Bellamy to the role of head of Property Reinsurance. Both promotions are with immediate effect. …
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Acappella Syndicate Promotes Quinn and Bellamy in Reinsurance Division was originally posted by ClaimsMate.com Insurance Information Resources

Pennsylvania Construction Worker Crushed by Safe Deposit Box

Authorities in suburban Philadelphia, Penn., say a construction worker was crushed to death by a safety deposit box. Cheltenham Township police say the incident happened at an old Wells Fargo in the Cheltenham Mall around 1 p.m. Monday. Officials say …
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Pennsylvania Construction Worker Crushed by Safe Deposit Box was originally posted by ClaimsMate.com Insurance Information Resources

Cyclone Debbie Rips Across Australian State, Leaving ‘War Zone’; AIR Comments

A huge clean-up operation is under way in the Australian state of Queensland after a powerful cyclone swept through the region, tearing roofs off buildings, downing trees and forcing tourists to bunker down at luxury island resorts. The Whitsunday Islands …
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Cyclone Debbie Rips Across Australian State, Leaving ‘War Zone’; AIR Comments was originally posted by ClaimsMate.com Insurance Information Resources

New York DFS Superintendent Directs Insurers to Submit Disaster Plans

All insurance companies licensed to conduct business in New York State must submit updated disaster response and recovery plans and responses to online questionnaires to the Department of Financial Services (DFS) by June 16, 2017, Financial Services Superintendent Maria T. …
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New York DFS Superintendent Directs Insurers to Submit Disaster Plans was originally posted by ClaimsMate.com Insurance Information Resources

Brown Thayer Shedd Insurance Agency Hires Garrity in Connecticut

Brown Thayer Shedd Insurance Agency (BTS Darien) has hired Ryan P. Garrity as senior vice president of its Darien, Conn., location. In this role, Garrity joins BTS Darien President Edward D. “Tim” Brown in co-managing day-to-day operations for the agency while …
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Brown Thayer Shedd Insurance Agency Hires Garrity in Connecticut was originally posted by ClaimsMate.com Insurance Information Resources

Anbang Insurance, Kushner End Manhattan Talks as Lawmakers Cite Conflicts

China’s Anbang Insurance Group Co. and a company co-owned by the family of President Donald Trump’s son-in-law Jared Kushner have ended talks to redevelop a Manhattan office tower, a deal that had drawn scrutiny from lawmakers citing ethics concerns. “Kushner …
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Anbang Insurance, Kushner End Manhattan Talks as Lawmakers Cite Conflicts was originally posted by ClaimsMate.com Insurance Information Resources

RMC Group to Open 2 London Offices, Affirming Commitment to UK Market

Naples, Fla.-based RMC Group, a consortium of insurance and actuarial consulting firms, has announced it plans to expand its international operations by opening two new offices in the United Kingdom. “Establishing a permanent presence in Europe is another exciting step …
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RMC Group to Open 2 London Offices, Affirming Commitment to UK Market was originally posted by ClaimsMate.com Insurance Information Resources

Wells Fargo Settles Sham Account Claims for $110 Million

Wells Fargo & Co. said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank’s chief executive his job. The bank …
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Wells Fargo Settles Sham Account Claims for $110 Million was originally posted by ClaimsMate.com Insurance Information Resources

Bearing failures cause large losses

Bearing failures in machinery can cause significant claims.
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Bearing failures cause large losses was originally posted by ClaimsMate.com Insurance Information Resources

Bearing failures cause large losses

Bearing failures in machinery can cause significant claims.
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Bearing failures cause large losses was originally posted by ClaimsMate.com Insurance Information Resources

What coverage applies to alleged thefts by employees?

When a theft occurs in a business, and an employee is suspected, when is insurance coverage available?
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What coverage applies to alleged thefts by employees? was originally posted by ClaimsMate.com Insurance Information Resources

Drone Maker DJI Offers Operator ID Framework

The world’s largest maker of unmanned aircraft systems (UAS), China’s DJI, has proposed an electronic identification framework for UAS that would allow authorities in the United States to identify drone owners when necessary while also respecting their privacy. Last year, the …
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Drone Maker DJI Offers Operator ID Framework was originally posted by ClaimsMate.com Insurance Information Resources

Republicans Ask Treasury to End ‘Too Big To Fail’ Process for Non-Banks

Key Senate Republicans urged the Trump administration to rethink the process for labeling firms whose failure could threaten the financial system, arguing it has led to substantial regulatory costs. The Financial Stability Oversight Council, a panel of regulators with authority …
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Republicans Ask Treasury to End ‘Too Big To Fail’ Process for Non-Banks was originally posted by ClaimsMate.com Insurance Information Resources

Trump Wants Business Ideas to Spur Government Innovation

President Donald Trump is establishing a new White House office run by his son-in-law that will seek to overhaul government functions using ideas from the business sector. Trump announced the White House Office of American Innovation in a memo Monday. …
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Trump Wants Business Ideas to Spur Government Innovation was originally posted by ClaimsMate.com Insurance Information Resources

Trump Agriculture Chief Nominee Perdue Vows to Fight for Farmers, Trade, Crop Insurance

Agriculture Secretary nominee Sonny Perdue recently sought to reassure farm-state senators in both parties who are fearful about the impact of President Donald Trump’s proposed deep cuts to farm programs, promising to promote agricultural trade and create jobs in the …
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Trump Agriculture Chief Nominee Perdue Vows to Fight for Farmers, Trade, Crop Insurance was originally posted by ClaimsMate.com Insurance Information Resources

Court Blocks U.S. Suits by Jewish Families Against Palestinian Authority

A federal appeals court says the families of Jewish worshippers who were killed or wounded during a 2011 attack in the West Bank can’t sue the Palestinian Authority for damages in U.S. courts. The decision last Friday upheld a lower …
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Court Blocks U.S. Suits by Jewish Families Against Palestinian Authority was originally posted by ClaimsMate.com Insurance Information Resources

Norman-Spencer Agency Starts Nonprofit Division; Will Donate 50% of Profits

Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has launched a new nonprofit division. This division offers three programs — Food Distribution & Thrift Stores, Foundations & Grant Making, and Housing & Shelters. Coverage lines being provided by …
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Norman-Spencer Agency Starts Nonprofit Division; Will Donate 50% of Profits was originally posted by ClaimsMate.com Insurance Information Resources

Mississippi Long-Term Recovery Agency Back to Work in Tornado-Ravaged Areas

The long-term recovery agency in Hattiesburg, Miss., R3SM, is still getting some of its people in place, but officials with the organization say it is ready to take on the huge job of leading three of the four counties hit …
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Mississippi Long-Term Recovery Agency Back to Work in Tornado-Ravaged Areas was originally posted by ClaimsMate.com Insurance Information Resources

25 U.S. cities with the highest risk of home fires

Structure fires caused a total of $10.3 billion in damage in 2015 — with the majority of the losses sustained by residential properties ($7.2 billion).
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25 U.S. cities with the highest risk of home fires was originally posted by ClaimsMate.com Insurance Information Resources

Florida Court to Hear Lawsuit Against Employer, Wife of Nightclub Shooter

A lawsuit brought by victims of the Orlando nightclub massacre against the gunman’s employer and wife was withdrawn from federal court and filed in state court in South Florida on Monday. Attorneys for 61 Pulse victims and family members of …
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Florida Court to Hear Lawsuit Against Employer, Wife of Nightclub Shooter was originally posted by ClaimsMate.com Insurance Information Resources

U.S. drone registrations reach 770,000 with no end in sight, says FAA administrator

As the number of registrations for drones continues to climb rapidly, industry and government have to work together to ensure safety and security.
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U.S. drone registrations reach 770,000 with no end in sight, says FAA administrator was originally posted by ClaimsMate.com Insurance Information Resources

Allstate Ranks Collin, Smith as Texas’ Stormiest Counties

Storms in Texas affected more Allstate insured homes in Collin County than any other part of the state over the past five years, while Smith County saw the highest frequency of lightning, the company says. Allstate Insurance tallied the top 25 Texas counties affected by severe …
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Allstate Ranks Collin, Smith as Texas’ Stormiest Counties was originally posted by ClaimsMate.com Insurance Information Resources

1,700 Pounds of Catfish Recalled From Mississippi Processing Facility

A Mississippi catfish processor is recalling 1,700 pounds of fish after the U.S. Department of Agriculture found that it contained chemicals banned in fish farming. The Food Safety and Inspection Service said Friday that a Thursday inspection found the fish …
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1,700 Pounds of Catfish Recalled From Mississippi Processing Facility was originally posted by ClaimsMate.com Insurance Information Resources

Liberty Mutual Launches New Builder’s Risk Product

Liberty Mutual has launched Premier Protector – Builder’s Risk for large contractors and property owners – and the brokers who serve them – that is designed to help eliminate uncertainties and inconsistencies in coverage. According to Daniel Feige, division underwriting …
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Liberty Mutual Launches New Builder’s Risk Product was originally posted by ClaimsMate.com Insurance Information Resources

Jury: Cleveland Indians not Responsible for Fan’s Injuries from Foul Ball

An Ohio jury says the Cleveland Indians aren’t responsible for injuries to a New York man hit by a foul ball and blinded in one eye at a baseball game in July 2012. Cleveland.com reports the decision a Cleveland-area county …
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Jury: Cleveland Indians not Responsible for Fan’s Injuries from Foul Ball was originally posted by ClaimsMate.com Insurance Information Resources

Alliant Adds Arguelles to Employee Benefits Group in New Orleans

Sajeo Arguelles has joined Alliant Insurance Services’s employee benefits group as vice president in its New Orleans office. Arguelles will work with clients throughout the Southeast to design and deliver benefits solutions that reduce cost, increase coverage, and maximize value. …
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Alliant Adds Arguelles to Employee Benefits Group in New Orleans was originally posted by ClaimsMate.com Insurance Information Resources

Slapnicka Joins Holmes Murphy Team in Cedar Rapids, Iowa

West Des Moines, Iowa-based independent insurance brokerage Holmes Murphy has added Justin Slapnicka in its Cedar Rapids location. Slapnicka has a background in the construction and safety industry. In his new role as loss control consultant, Slapnicka will be responsible …
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Slapnicka Joins Holmes Murphy Team in Cedar Rapids, Iowa was originally posted by ClaimsMate.com Insurance Information Resources

Risk Strategies Co. Acquires Dallas-Based Terrell Insurance Services

Boston-based Risk Strategies Co. has acquired Terrell Insurance Services, an independent insurance agency headquartered in Dallas. Terms of the deal were not disclosed. Founded in 2012 by President and Principal Charles T. Terrell Jr., Terrell Insurance offers tailored insurance and …
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Risk Strategies Co. Acquires Dallas-Based Terrell Insurance Services was originally posted by ClaimsMate.com Insurance Information Resources

Pipeline Owner: North Dakota Crude Spill Larger than First Estimated

A crude oil spill in western North Dakota in December is now believed to be about three times bigger than originally estimated, pipeline owner True Companies said, making it the largest crude leak to affect water in the state in …
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Pipeline Owner: North Dakota Crude Spill Larger than First Estimated was originally posted by ClaimsMate.com Insurance Information Resources

Colorado State Patrol Crack Down to Increase Driver Safety in Rural Areas

The Colorado State Patrol is cracking down on drivers in the state’s rural areas who are caught behind the wheel without a seat belt. The Denver Post reported the increased enforcement in rural Colorado started Monday and ends Saturday. Colorado Department …
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Colorado State Patrol Crack Down to Increase Driver Safety in Rural Areas was originally posted by ClaimsMate.com Insurance Information Resources