Trump defends response to `historic' damage in Puerto Rico [photos]

The president said Puerto Rico, which already was a $74 billion mountain of debt and a shrinking economy, will need a costly recovery.
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Trump defends response to `historic' damage in Puerto Rico [photos] was originally posted by ClaimsMate.com Insurance Information Resources

Trump defends response to `historic' damage in Puerto Rico [photos]

The president said Puerto Rico, which already was a $74 billion mountain of debt and a shrinking economy, will need a costly recovery.
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Trump defends response to `historic' damage in Puerto Rico [photos] was originally posted by ClaimsMate.com Insurance Information Resources

Senate Democrats Delete House-Backed Private Flood Insurance Policy Measure

Not long after the House passed legislation that included a provision to allow private flood insurance policies to satisfy flood coverage requirements, the Senate sidetracked the flood policy measure. The flood insurance policy provision (known as Ross-Castor) was inserted in …
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Senate Democrats Delete House-Backed Private Flood Insurance Policy Measure was originally posted by ClaimsMate.com Insurance Information Resources

N.Y. Appellate Court Affirms Summary Judgement in $58M Insurance Dispute

The Appellate Division of the New York Supreme Court, First Department, has affirmed an earlier Supreme Court decision to grant summary judgement to TransCanada Energy USA and its subsidiaries, TC Ravenswood Services Corp. and TC Ravenswood, recognizing insurance coverage for …
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N.Y. Appellate Court Affirms Summary Judgement in $58M Insurance Dispute was originally posted by ClaimsMate.com Insurance Information Resources

Fake Uber Driver in Illinois Accused Of Picking Up and Raping Women

Additional charges have been filed against a suburban Chicago man accused of posing as an Uber driver who picked up women outside bars and raping them. Musaab Afandi of Glenview appeared at a bond hearing Wednesday after DNA testing linked …
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Fake Uber Driver in Illinois Accused Of Picking Up and Raping Women was originally posted by ClaimsMate.com Insurance Information Resources

Chicago Fililng Lawsuit in Massive Equifax Data Breach

The city of Chicago is suing the credit reporting company Equifax over a data breach that exposed personal information of about 143 million people. Mayor Rahm Emanuel’s office says the lawsuit accuses Equifax of violating Chicago’s consumer fraud ordinance and …
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Chicago Fililng Lawsuit in Massive Equifax Data Breach was originally posted by ClaimsMate.com Insurance Information Resources

Canada’s Intact Financial Completes OneBeacon Acquisition; Vows to Grow Specialty Insurer

Intact Financial Corp. said it has completed its acquisition of U.S. specialty insurer OneBeacon Insurance Group from Bermuda-based White Mountains Insurance Group. The purchase price was C$2.3 billion (US$1.7 billion). Toronto-based IFC said the deal makes it a leading provider …
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Canada’s Intact Financial Completes OneBeacon Acquisition; Vows to Grow Specialty Insurer was originally posted by ClaimsMate.com Insurance Information Resources

Database in Nevada Aims to Accurately Depict Opioid Crisis

Officials say a new state database will help paint a better picture of the opioid crisis in Nevada, as existing data shows opioid-related deaths dropped in 2016 even though hospitalizations and prescription rates rose. The Las Vegas Review-Journal reported that …
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Database in Nevada Aims to Accurately Depict Opioid Crisis was originally posted by ClaimsMate.com Insurance Information Resources

Suspects in Deadly California Warehouse Fire Plead Not Guilty

Two men have pleaded not guilty in connection with a fire that killed 36 people in an illegally converted Northern California warehouse. Derick Almena and Max Harris entered pleas Wednesday to 36 counts of involuntary manslaughter each. Prosecutors say the …
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Suspects in Deadly California Warehouse Fire Plead Not Guilty was originally posted by ClaimsMate.com Insurance Information Resources

Generali in Germany Launches Next Phase of Restructuring Program

Generali Deutschland has launched the next phase of its program to reorganize in Germany, which is one of Generali’s core markets. The program is designed to strengthen and streamline operations, while building the Generali Deutschland brand, said the company in …
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Generali in Germany Launches Next Phase of Restructuring Program was originally posted by ClaimsMate.com Insurance Information Resources

Insurance-linked securities and cyber risk

The development of cyber insurance solutions presents a range of challenges, including specific challenges for those seeking to offer ILS solutions.
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Insurance-linked securities and cyber risk was originally posted by ClaimsMate.com Insurance Information Resources

SCC Names White as New Virginia Commissioner of Insurance

The State Corporation Commission (SCC) in Virginia has appointed Scott A. White to serve as Virginia’s 14th Commissioner of Insurance in the 111-year history of the SCC’s regulation of the insurance industry. White assumes the post on Jan. 1, 2018, …
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SCC Names White as New Virginia Commissioner of Insurance was originally posted by ClaimsMate.com Insurance Information Resources

Boston Insurance Brokerage Opens Virginia Office, Promotes Driscoll

Boston Insurance Brokerage (BIB), a Boston, Mass.-based provider of commercial and high value personal insurance solutions, has announced the firm’s sales and support expansion by opening a regional office in Richmond, Va. Opening an office in Virginia will allow BIB …
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Boston Insurance Brokerage Opens Virginia Office, Promotes Driscoll was originally posted by ClaimsMate.com Insurance Information Resources

Beazley to Manage Data Breaches for Generali Brazil’s Cyber Insurance Clients

Beazley, a specialist in data breach response insurance, has partnered with Generali Brazil to manage data breaches for Generali’s corporate and commercial cyber insurance customers. Beazley will coordinate the breach response for policyholders, including IT experts, legal services, identity monitoring, …
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Beazley to Manage Data Breaches for Generali Brazil’s Cyber Insurance Clients was originally posted by ClaimsMate.com Insurance Information Resources

Massachusetts’ XS Brokers Hires Buccinna to New York Office

XS Brokers, a Quincy, Mass.-headquartered independent insurance brokerage, has hired Peter Buccinna to head a new local office for the firm in East Chatham, N.Y. The hiring of Buccinna as assistant vice president and business development manager is a result …
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Massachusetts’ XS Brokers Hires Buccinna to New York Office was originally posted by ClaimsMate.com Insurance Information Resources

FBI widens insurance fraud probe of South Florida attorneys

Police sources said more arrests are coming as part of a multiagency investigation into alleged insurance fraud by personal injury attorneys.
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FBI widens insurance fraud probe of South Florida attorneys was originally posted by ClaimsMate.com Insurance Information Resources

Economic Costs of Mexico’s Earthquake Could Surpass $2B

President Enrique Pena Nieto said Wednesday [Sept. 27] that preliminary accounting of the damage caused by the two big earthquakes that hit Mexico this month could cost upward of $2 billion (38.1 billion pesos). Pena Nieto stressed that damage assessments …
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Economic Costs of Mexico’s Earthquake Could Surpass $2B was originally posted by ClaimsMate.com Insurance Information Resources

Uber, Aon partner to bring driver injury protection insurance to California

Aon, OneBeacon Insurance Group and Uber are collaborating to bring an injury protection insurance program to Uber drivers.
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Uber, Aon partner to bring driver injury protection insurance to California was originally posted by ClaimsMate.com Insurance Information Resources

Uber, Aon partner to bring driver injury protection insurance to California

Aon, OneBeacon Insurance Group and Uber are collaborating to bring an injury protection insurance program to Uber drivers.
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Uber, Aon partner to bring driver injury protection insurance to California was originally posted by ClaimsMate.com Insurance Information Resources

RMS Estimates Hurricane Maria’s Insured Losses Will Range Between $15B and $30B

RMS, the Newark, Calif.-based risk modeling and analytics firm, estimated that the insured loss from Hurricane Maria will be between US$15 billion and US$30 billion. This estimate represents the insured losses associated with wind, storm surge and inland flood damage …
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RMS Estimates Hurricane Maria’s Insured Losses Will Range Between $15B and $30B was originally posted by ClaimsMate.com Insurance Information Resources

1987 Whittier Narrows Earthquake Anniversary A Reminder to Californians

The 30th anniversary of the 1987 magnitude 5.9 Whittier Narrows earthquake is Sunday, and the head of the California Earthquake Authority is using that to remind Californians to buy earthquake insurance. The quake was reported to have caused $358 million …
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1987 Whittier Narrows Earthquake Anniversary A Reminder to Californians was originally posted by ClaimsMate.com Insurance Information Resources

Chubb Enters Bancassurance Distribution Agreement with Singapore’s DBS Bank

Chubb Ltd. announced it has entered into a 15-year distribution agreement with DBS Bank, the largest banking group in Southeast Asia. Under the terms of the agreement, Chubb will distribute general insurance products on an exclusive or preferred basis through …
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Chubb Enters Bancassurance Distribution Agreement with Singapore’s DBS Bank was originally posted by ClaimsMate.com Insurance Information Resources

A.M. Best Assigns A- Rating to Oklahoma’s Trisura Specialty Insurance

A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Trisura Specialty Insurance Co. (Trisura Specialty), based in Oklahoma City. The ratings outlook is stable. Trisura Specialty is a newly …
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A.M. Best Assigns A- Rating to Oklahoma’s Trisura Specialty Insurance was originally posted by ClaimsMate.com Insurance Information Resources

Texas A&M Professor Thinks Web Tool Can Help Coastal Texans Assess Flood Risk

When Sam Brody and his wife were shopping for a new home in Houston six months ago, they had very different priorities. Brody, a researcher who analyzes ways to minimize the impact of natural disasters, was focused on the fact …
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Texas A&M Professor Thinks Web Tool Can Help Coastal Texans Assess Flood Risk was originally posted by ClaimsMate.com Insurance Information Resources

Houston Mayor, Texas Governor Battle Over Harvey Costs

A clash over Houston’s mounting expenses from Hurricane Harvey escalated on Sept. 25 when Gov. Greg Abbott accused the mayor of holding the state “hostage” by pushing a local tax increase unless an emergency Texas piggybank of nearly $10 billion …
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Houston Mayor, Texas Governor Battle Over Harvey Costs was originally posted by ClaimsMate.com Insurance Information Resources

Half of U.S. Businesses Report Being Hacked

More than half of U.S. businesses (53 percent) have experienced a cyber attack in the past year, according to a survey of business executives. The nationwide survey, released by The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of …
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Half of U.S. Businesses Report Being Hacked was originally posted by ClaimsMate.com Insurance Information Resources

Equifax Vows Improved Consumer Access to Credit Records

Equifax Inc. promised to make it easier for consumers to control access to their credit records in the wake of the company’s massive breach after the top U.S. consumer financial watchdog called on the industry to introduce such a system. …
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Equifax Vows Improved Consumer Access to Credit Records was originally posted by ClaimsMate.com Insurance Information Resources

Explosion at Georgia Chemical Plant Leaves 1 Dead

A man has died after an explosion at a chemical plant in Georgia. The Augusta Chronicle reports Richmond County Coroner Mark Bowen identified Wednesday’s victim as 29-year-old Steven Gonsalves, of Beech Island. Bowen says Gonsalves’ body will be sent to …
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Explosion at Georgia Chemical Plant Leaves 1 Dead was originally posted by ClaimsMate.com Insurance Information Resources

Georgia Insured Losses from Hurricane Irma Exceed $300M, And Growing

The Georgia Office of the Commissioner of Insurance estimates that insured losses in the state from Hurricane Irma have now exceeded $300 million, with more than 50,000 property related insurance claims reported. “Our preliminary estimate today is $336 million in …
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Georgia Insured Losses from Hurricane Irma Exceed $300M, And Growing was originally posted by ClaimsMate.com Insurance Information Resources

Study Says Climate Change Could Lead to Rougher Roads

Expect some rough roads ahead. Literally, if a new study is any indication of how U.S. roads as they are currently being built might fare in a warmer world. A study by professors at Arizona State University shows that global …
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Study Says Climate Change Could Lead to Rougher Roads was originally posted by ClaimsMate.com Insurance Information Resources

House Passes Bill to Assure Private Policies Satisfy Flood Insurance Requirement

The House of Representatives voted 264-155 today to pass bipartisan legislation that encourages the sale of private flood insurance in place of policies from the federal government in high risk areas where flood insurance is required. The bill would give …
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House Passes Bill to Assure Private Policies Satisfy Flood Insurance Requirement was originally posted by ClaimsMate.com Insurance Information Resources

Firefighters Douse Hot Spots in California Blaze

Fire crews with support from a fleet of aircraft have continued to douse hot spots of a wildfire that burned up to canyon homes in Southern California. Orange County Fire Capt. Steve Concialdi says there are no more open flames …
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Firefighters Douse Hot Spots in California Blaze was originally posted by ClaimsMate.com Insurance Information Resources

San Francisco Becomes the First City to Sue in Equifax Breach

San Francisco has filed a lawsuit against Equifax, becoming the first city in the country to sue the credit reporting company over a massive data breach that exposed the personal information of about 143 million Americans. The city’s lawsuit in …
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San Francisco Becomes the First City to Sue in Equifax Breach was originally posted by ClaimsMate.com Insurance Information Resources

USI Insurance Services Acquires Pennsylvania’s David M. Banet & Associates

USI Insurance Services (USI) has acquired David M. Banet & Associates Inc. (Banet), an Exton, Penn.-based leader in benefits consulting and administration, human capital management and insurance brokerage and consulting services. Banet will combine with Emerson Reid, USI’s employee benefits …
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USI Insurance Services Acquires Pennsylvania’s David M. Banet & Associates was originally posted by ClaimsMate.com Insurance Information Resources

SEFCU Insurance to Transfer Commercial Practice to New York’s Rose & Kiernan

SEFCU Insurance Agency, a wholly owned subsidiary of SEFCU with offices in Schenectady, Cobleskill, Cooperstown, and Schoharie, N.Y., will transfer its commercial property and casualty and benefits practices to Rose & Kiernan Inc., an insurance brokerage firm headquartered in East …
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SEFCU Insurance to Transfer Commercial Practice to New York’s Rose & Kiernan was originally posted by ClaimsMate.com Insurance Information Resources

Alliant’s Boston Office Hires Bean as Senior Vice President

The Boston office of Alliant has hired Phil Bean as senior vice president within the company’s Alliant America’s division. In this role, Bean will provide targeted risk management and insurance solutions to clients throughout the Northeast as Alliant continues to …
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Alliant’s Boston Office Hires Bean as Senior Vice President was originally posted by ClaimsMate.com Insurance Information Resources

Kmart Accused of Copyright Infringement Over Halloween Banana Costume

Kmart Corp. has been sued by a New Jersey company that accused the retailer of ripping off its full-body banana costume design for its “Totally Ghoul” banana men’s Halloween costumes. Rasta Imposta is seeking unspecified damages from Kmart and its …
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Kmart Accused of Copyright Infringement Over Halloween Banana Costume was originally posted by ClaimsMate.com Insurance Information Resources

Chubb: Hurricanes Harvey, Irma Losses to Top $1 Billion

Chubb Ltd. has estimated it will see more than $1 billion in third-quarter losses stemming from hurricanes Harvey and Irma, a substantial hit for the insurer and reinsurer. The loss estimate is preliminary. Further details will likely be known when …
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Chubb: Hurricanes Harvey, Irma Losses to Top $1 Billion was originally posted by ClaimsMate.com Insurance Information Resources

Lloyd’s Expects $4.5 Billion Hit from Hurricanes Harvey, Irma

Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability. Although losses from natural catastrophes have been low in recent years, including in …
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Lloyd’s Expects $4.5 Billion Hit from Hurricanes Harvey, Irma was originally posted by ClaimsMate.com Insurance Information Resources

Self-insured risk financing: Is it right for your company?

When considering insurance and risk transfer options, many companies choose to be self-insured. Here are some options for how to do it.
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Self-insured risk financing: Is it right for your company? was originally posted by ClaimsMate.com Insurance Information Resources

Despite Rise in Catastrophe Losses, Home Insurance Loss Costs Decline

In 2016, Colorado and Texas homeowners suffered the greatest percentage of catastrophic losses due to extreme weather and other perils, according to a study of home insurance trends. The six-year LexisNexis Risk Solutions study indicates that despite the rise of …
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Despite Rise in Catastrophe Losses, Home Insurance Loss Costs Decline was originally posted by ClaimsMate.com Insurance Information Resources

What’s the impact on insurance costs from deferred real estate capital spending?

Real estate owners may find that deferring capital expenditures and maintenance will have significant repercussions on their insurance claims and costs.
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What’s the impact on insurance costs from deferred real estate capital spending? was originally posted by ClaimsMate.com Insurance Information Resources

What’s the impact on insurance costs from deferred real estate capital spending?

Real estate owners may find that deferring capital expenditures and maintenance will have significant repercussions on their insurance claims and costs.
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What’s the impact on insurance costs from deferred real estate capital spending? was originally posted by ClaimsMate.com Insurance Information Resources

PERILS Raises Insured Loss Estimate for Cyclone Debbie to A$1.7B (US$1.34B)

The property insurance market’s loss for tropical cyclone Debbie has risen to A$1.7 billion (US$1.34 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This is the and third loss estimate PERILS has issued for …
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PERILS Raises Insured Loss Estimate for Cyclone Debbie to A$1.7B (US$1.34B) was originally posted by ClaimsMate.com Insurance Information Resources

Insurers, environmentalists are natural allies in climate change battle

Many 'civilians' may assume insurers aren't taking a leading role when it comes to raising climate change awareness. But that's simply not the case.
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Insurers, environmentalists are natural allies in climate change battle was originally posted by ClaimsMate.com Insurance Information Resources

Insurers, environmentalists are natural allies in climate change battle

Many 'civilians' may assume insurers aren't taking a leading role when it comes to raising climate change awareness. But that's simply not the case.
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Insurers, environmentalists are natural allies in climate change battle was originally posted by ClaimsMate.com Insurance Information Resources

Update: Lloyd’s of London Reports 16% Drop in H1 2017 Profit to $1.6B

Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability. Although losses from natural catastrophes have been low in recent years, including in …
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Update: Lloyd’s of London Reports 16% Drop in H1 2017 Profit to $1.6B was originally posted by ClaimsMate.com Insurance Information Resources

Global Reinsurers to Bear ‘Significant Share’ of Hurricane Maria Claims: A.M. Best

Ratings agency A.M. Best said it expects a significant share of the loss from Hurricane Maria to pass on to the global reinsurers evenly. The agency said it expects the loss would remain within the overall risk tolerance of most …
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Global Reinsurers to Bear ‘Significant Share’ of Hurricane Maria Claims: A.M. Best was originally posted by ClaimsMate.com Insurance Information Resources

Texas Homeowners Say They Weren’t Warned about Flooding Risks

More than 20 years before Hurricane Harvey, officials in suburban Houston were aware that a heavy storm could cause a reservoir to overflow and inundate nearby homes with water. So they issued a warning to potential home buyers. But they …
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Texas Homeowners Say They Weren’t Warned about Flooding Risks was originally posted by ClaimsMate.com Insurance Information Resources

Florida to Deploy Anti-Fraud Strike Teams to Areas Hard-Hit by Irma

Anti-fraud strike teams comprised of investigators working for the Department of Financial Services’ Division of Investigative and Forensic Services will soon be deployed across the state in an effort to to protect Floridians from post-storm fraud, according to a statement …
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Florida to Deploy Anti-Fraud Strike Teams to Areas Hard-Hit by Irma was originally posted by ClaimsMate.com Insurance Information Resources

Motorists Insurance Group’s Kaufman Receives Griffith Insurance Education Foundation Award

Dave Kaufman, CEO of Motorists Insurance Group in Columbus, Ohio, was presented with the 2017 Griffith Insurance Education Foundation Lifetime Achievement Award on Sept. 25 for his commitment to insurance education. Jim Kennedy, retired president and CEO of Ohio Mutual …
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Motorists Insurance Group’s Kaufman Receives Griffith Insurance Education Foundation Award was originally posted by ClaimsMate.com Insurance Information Resources

Arkansas Officials Seek to Limit Liability in Duggar Privacy Lawsuit

Arkansas officials are seeking immunity from being sued for releasing decade-old information about a sexual abuse investigation involving Josh Duggar and four of his sisters. Jill Duggar Dillard, Jessa Duggar Seewald, Jinger Duggar Vuolo and Joy Duggar filed a lawsuit …
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Arkansas Officials Seek to Limit Liability in Duggar Privacy Lawsuit was originally posted by ClaimsMate.com Insurance Information Resources

Willis Towers Watson Launches New Active Shooter Program for Senior Living Facilities

Willis Towers Watson has introduced an Active Shooter/Armed Intruder Readiness Program for senior living communities. The Active Shooter/Armed Intruder Readiness Program is designed to help senior living communities plan for, respond to and recover from active shooter events. Organizations can …
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Willis Towers Watson Launches New Active Shooter Program for Senior Living Facilities was originally posted by ClaimsMate.com Insurance Information Resources

Lawsuit Claims J&J Knew of Asbestos in Talcum Powder in ’70s

Johnson & Johnson trained its employees to reassure anyone concerned about whether the company’s talcum powder contained asbestos that the cancer-causing substance “has never been found and it never will” in its iconic baby powder, according to an undated memo …
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Lawsuit Claims J&J Knew of Asbestos in Talcum Powder in ’70s was originally posted by ClaimsMate.com Insurance Information Resources

Citizens Estimates $1.23B In Insured Losses from Hurricane Irma

Hurricane Irma will generate up to 70,000 claims and approximately $1.23 billion of insured losses to Citizens Property Insurance Corporation over the next 18 to 24 months, according to initial estimates presented to Citizens Board of Governors on Wednesday. Chris …
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Citizens Estimates $1.23B In Insured Losses from Hurricane Irma was originally posted by ClaimsMate.com Insurance Information Resources

Florida Keys Expected to Reopen to Visitors Oct. 1

Florida Keys officials say the island chain hit hard by Hurricane Irma will reopen to tourists Oct. 1. Officials made their announcement Monday, more than two weeks after the Category 4 storm made landfall in the Florida Keys. The storm …
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Florida Keys Expected to Reopen to Visitors Oct. 1 was originally posted by ClaimsMate.com Insurance Information Resources

Does Your Home Insurance Cover Animal Damage?

So, does homeowners insurance cover animal damage to your home? The answer is: It’s complicated. There are a seemingly endless list of “ifs” and “buts” at first look, but overall there are guiding factors. Check y...

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Does Your Home Insurance Cover Animal Damage? was originally posted by ClaimsMate.com Insurance Information Resources

Nearly 17K Flood Claims Filed So Far in Florida From Irma

Nearly 17,000 flood insurance claims connected with Hurricane Irma have been filed, and more are expected in the coming weeks. The Sun-Sentinel reports that of 16,786 flood claims filed through Thursday, 3,969 were filed in Monroe County. FEMA data shows …
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Nearly 17K Flood Claims Filed So Far in Florida From Irma was originally posted by ClaimsMate.com Insurance Information Resources

Police Say Drunk Driver Caused Power Outages at Schools in Georgia County

Power was knocked out to two college campuses and a high school in DeKalb County when a mini-van flipped and hit a utility pole. WSB-TV reports that the Monday morning crash happened in front of Georgia Piedmont Technical College. Police …
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Police Say Drunk Driver Caused Power Outages at Schools in Georgia County was originally posted by ClaimsMate.com Insurance Information Resources

Louisiana Cities Experienced Economic Ups and Downs in 2016

Louisiana’s eight metropolitan areas included two of the nation’s fastest growing economies and two of its fastest shrinking ones in 2016. Lake Charles’ economy grew 8.1 percent, the fastest in the nation according to numbers released in September by the …
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Louisiana Cities Experienced Economic Ups and Downs in 2016 was originally posted by ClaimsMate.com Insurance Information Resources

$1.3M From Archdiocese in Washington to Settle Sex Abuse Case

The Seattle Archdiocese in Washington has paid $1.3 million to settle a sex-abuse lawsuit involving a former member of a religious order who taught in its schools. A man sued the archdiocese in 2015, alleging the church knew Edward Courtney …
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$1.3M From Archdiocese in Washington to Settle Sex Abuse Case was originally posted by ClaimsMate.com Insurance Information Resources

Las Vegas Pot Testing Lab’s License Suspended by State

Officials confirmed a Las Vegas marijuana testing laboratory has been suspended. The Las Vegas Review-Journal reported that Department of Taxation spokeswoman Stephanie Klapstein says the department on Aug. 24 suspended the license of G3 Labs LLC. Klapstein says the Nevada …
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Las Vegas Pot Testing Lab’s License Suspended by State was originally posted by ClaimsMate.com Insurance Information Resources

Coffee Bought by Californians Could Bear Cancer Warning Labels

A future cup of coffee in California could give you jitters before you even take a sip. A nonprofit group wants coffee manufacturers, distributors and retailers to post ominous warnings about a cancer-causing chemical stewing in every brew and has …
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Coffee Bought by Californians Could Bear Cancer Warning Labels was originally posted by ClaimsMate.com Insurance Information Resources

Firefighters Save Numerous Homes From Southern California Canyon Blaze

Firefighters working in steep canyons on Tuesday got help from retardant-dropping aircraft flying around-the-clock as they saved homes from a smoky blaze that surged through suburban canyons in Southern California and sent hundreds scrambling for safety. One structure burned, but …
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Firefighters Save Numerous Homes From Southern California Canyon Blaze was originally posted by ClaimsMate.com Insurance Information Resources

Startupbootcamp Launches InsurTech Accelerator in Hartford

Startupbootcamp, a London-based insurance accelerator that focuses on identifying globally-located disruptive and collaborative insurance and technology innovations, has announced the launch of its new InsurTech Accelerator in Hartford, Conn., designed specifically to rapidly scale insurance-focused technology startups. The InsurTech Accelerator, …
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Startupbootcamp Launches InsurTech Accelerator in Hartford was originally posted by ClaimsMate.com Insurance Information Resources

City of Hartford’s Rating Sinks Deeper Into Junk; Agencies Cite Possible Default

Hartford, Connecticut’s cash-strapped capital city, suffered a fresh round of credit rating downgrades deeper into junk territory by two Wall Street credit agencies on Tuesday, a day after the city’s bond insurers said they were open to debt restructuring. The …
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City of Hartford’s Rating Sinks Deeper Into Junk; Agencies Cite Possible Default was originally posted by ClaimsMate.com Insurance Information Resources

Japan Court Rules Tepco, not Government, Must Pay $3.4M to Ex-Fukushima Residents

A Japanese court ruled Friday [Sept. 22] that a utility, not the government, should pay compensation to dozens of former residents of Fukushima for losses to their livelihood caused by reactor meltdowns at a nuclear plant after a massive earthquake …
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Japan Court Rules Tepco, not Government, Must Pay $3.4M to Ex-Fukushima Residents was originally posted by ClaimsMate.com Insurance Information Resources

Business execs not prepared for regulation and compliance risks, study shows

What risks are most worrisome for company executives and how can chief risk officers and others in a company best mitigate any potential harm?
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Business execs not prepared for regulation and compliance risks, study shows was originally posted by ClaimsMate.com Insurance Information Resources

Catastrophe global re/insurance losses will exceed $100 billion in 2017, Fitch says

Losses on this scale, which at the upper end would be the highest on record in a single year, could weaken capital at some reinsurers and increase the risk of rating downgrades.
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Catastrophe global re/insurance losses will exceed $100 billion in 2017, Fitch says was originally posted by ClaimsMate.com Insurance Information Resources

Catastrophe global re/insurance losses will exceed $100 billion in 2017, Fitch says

Losses on this scale, which at the upper end would be the highest on record in a single year, could weaken capital at some reinsurers and increase the risk of rating downgrades.
[Read More ...]

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Catastrophe global re/insurance losses will exceed $100 billion in 2017, Fitch says was originally posted by ClaimsMate.com Insurance Information Resources

The trouble with property damage claims caused by rain

Sometimes, bad things happen to good home electronics. But who should pay?
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The trouble with property damage claims caused by rain was originally posted by ClaimsMate.com Insurance Information Resources

The trouble with property damage claims caused by rain

Sometimes, bad things happen to good home electronics. But who should pay?
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The trouble with property damage claims caused by rain was originally posted by ClaimsMate.com Insurance Information Resources

Mexico Calculates Economic Cost of Quake; Insurance Covers Small Part of Losses

Mexican government officials are still tallying up the economic losses of the magnitude 7.1 earthquake that caused widespread damage in the capital, but for the manager of a downtown restaurant it is already all too clear. Sitting in the entrance …
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Mexico Calculates Economic Cost of Quake; Insurance Covers Small Part of Losses was originally posted by ClaimsMate.com Insurance Information Resources

Irma and Maria leave a wake of heartbreak and devastation

An insider’s view of the hurricane damage in Puerto Rico.
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Irma and Maria leave a wake of heartbreak and devastation was originally posted by ClaimsMate.com Insurance Information Resources

Irma and Maria leave a wake of heartbreak and devastation

An insider’s view of the hurricane damage in Puerto Rico.
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Irma and Maria leave a wake of heartbreak and devastation was originally posted by ClaimsMate.com Insurance Information Resources

Mounting Catastrophe Claims Could Weaken Re/Insurers’ Capital Reserves: Fitch

Ratings downgrades for global insurers and reinsurers are becoming more probable as they face more than $100 billion in 2017 catastrophe losses, a figure that threatens to weaken their capital reserves, Fitch Ratings Inc. said in a report on Tuesday. …
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Mounting Catastrophe Claims Could Weaken Re/Insurers’ Capital Reserves: Fitch was originally posted by ClaimsMate.com Insurance Information Resources

Missouri’s Route 66 Insurance Adds Mitchell as Producer

Route 66 Insurance in Cuba, Mo., has hired Abigail Mitchell as an insurance producer. In this position, Mitchell will work with existing accounts, generate leads, and develop new business. She will be responsible for maintaining customer satisfaction, as well as …
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Missouri’s Route 66 Insurance Adds Mitchell as Producer was originally posted by ClaimsMate.com Insurance Information Resources

Brady, Chapman, Holland & Associates Adds Kimmel in Houston

Houston-based independent insurance agency Brady, Chapman, Holland & Associates Inc. has added Kevin Kimmel as commercial lines account executive. Kimmel has more than 12 years of experience working in commercial insurance including account management, marketing, and sales roles. Source: Brady, …
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Brady, Chapman, Holland & Associates Adds Kimmel in Houston was originally posted by ClaimsMate.com Insurance Information Resources

Case of Hot Coals at Century-Old Inn Going to Michigan Supreme Court

The Michigan Supreme Court is looking at the case of the hot coals. A 10-year-old girl burned her foot on hot coals that couldn’t be seen under sand, a day after a Lake Michigan bonfire. The state appeals court said …
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Case of Hot Coals at Century-Old Inn Going to Michigan Supreme Court was originally posted by ClaimsMate.com Insurance Information Resources

Robo Adviser Helps Drive Record Boost in AIG Investment Business

American International Group Inc., the 98-year-old insurer and retirement planner, is finding being tech-savvy pays off. Consumers are pumping cash into a unit that oversees $244 billion in client assets after it invested in digital platforms to make the process …
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Robo Adviser Helps Drive Record Boost in AIG Investment Business was originally posted by ClaimsMate.com Insurance Information Resources

Florida Extends Continuing Education Deadline for Insurance Professionals

To help accelerate Hurricane Irma recovery efforts across Florida, CFO Jimmy Patronis announced an extension of continuing education deadlines for licensed insurance professionals in Florida. Continuing education deadlines are set by the licensee’s birthday month, and any licensee with a …
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Florida Extends Continuing Education Deadline for Insurance Professionals was originally posted by ClaimsMate.com Insurance Information Resources

FCCI Insurance Group Appoints Welch to Board of Directors

FCCI Insurance Group announced that James Michael Welch (Mike) will join its Board of Directors, effective Oct.1. Welch has been associated with FCCI as an agent for more than 30 years and was chosen for the role based on his …
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FCCI Insurance Group Appoints Welch to Board of Directors was originally posted by ClaimsMate.com Insurance Information Resources

NAMIC Names Illinois’ Sen. Haine a State Legislator of the Year for 2017

The National Association of Mutual Insurance Companies has named Illinois state Sen. Bill Haine as one of two State Legislators of the Year for 2017. Arkansas state Sen. Jason Rapert also was honored with the award. Haine is the assistant …
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NAMIC Names Illinois’ Sen. Haine a State Legislator of the Year for 2017 was originally posted by ClaimsMate.com Insurance Information Resources

Day 6 in storm-ravaged, blacked-out Puerto Rico: 'This is chaos'

The destruction that Maria exacted on Puerto Rico’s fragile electricity system when it slammed ashore as a Category 4 storm is unprecedented — not just for the island but for all of the U.S.
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Day 6 in storm-ravaged, blacked-out Puerto Rico: 'This is chaos' was originally posted by ClaimsMate.com Insurance Information Resources

Arkansas’ Sen. Rapert Named a NAMIC State Legislator of the Year for 2017

The National Association of Mutual Insurance Companies has named Arkansas state Sen. Jason Rapert as one of two State Legislators of the Year for 2017. Illinois state Sen. Bill Haine also was honored with the award. Rapert currently serves as …
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Arkansas’ Sen. Rapert Named a NAMIC State Legislator of the Year for 2017 was originally posted by ClaimsMate.com Insurance Information Resources

Despite Low Unemployment Rates, Many Oklahoma Residents Without a Job

Many Oklahoma residents are out of the workforce despite the state’s low unemployment rates. The Tulsa World reports that about 25 percent of state residents between ages 25 and 54 don’t have a job. Shelley Cadamy is the executive director …
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Despite Low Unemployment Rates, Many Oklahoma Residents Without a Job was originally posted by ClaimsMate.com Insurance Information Resources

FEMA Statement on Texas Toxic Sites Clarified by EPA

The Environmental Protection Agency said on Sept. 24 it has recovered 517 containers filled with unidentified, potentially hazardous material found floating in or washed up along Texas waterways after the devastating floods from Hurricane Harvey receded. The agency’s statement sought …
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FEMA Statement on Texas Toxic Sites Clarified by EPA was originally posted by ClaimsMate.com Insurance Information Resources

UK SMEs Face BI Coverage Gaps After Terrorist Events: Pool Re Report

Many terrorism insurance policies are triggered when there is physical damage to a property. As a result, commercial insurance buyers may find that they are unprotected against business interruption losses if there is minimal or no damage to their properties …
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UK SMEs Face BI Coverage Gaps After Terrorist Events: Pool Re Report was originally posted by ClaimsMate.com Insurance Information Resources

Ironshore’s New Iron-Excess MGA Is Based on Iron-Starr Excess Agency Model

Using a Bermuda joint venture between Ironshore and C.V. Starr & Co. as a model, Ironshore announced the launch of Iron-Excess on Monday. Ironshore, a Liberty Mutual company, describes Iron-Excess as an expansion of the Iron-Starr Excess underwriting agency business …
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Ironshore’s New Iron-Excess MGA Is Based on Iron-Starr Excess Agency Model was originally posted by ClaimsMate.com Insurance Information Resources

Fire in Utah City Isn’t Expected to Drive up Insurance Rates

Insurance rates aren’t expected to go up in Ogden neighborhood where a wildfire destroyed three homes and caused the evacuations of hundreds. But authorities are warning the residents to be on high alert for landslides because the land is now …
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Fire in Utah City Isn’t Expected to Drive up Insurance Rates was originally posted by ClaimsMate.com Insurance Information Resources

Damage From Rare Utah Tornado Still Being Felt a Year Later

Damage from a rare tornado that ripped through a Utah county a year ago still lingers in the homes and minds of people who live in its path. The twister gutted 12 homes and damaged dozens more in Weber County, …
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Damage From Rare Utah Tornado Still Being Felt a Year Later was originally posted by ClaimsMate.com Insurance Information Resources

Ex-Water Corporation Boss in New Jersey Gets 8 Years for $1M Fraud

The former head of a not-for-profit corporation formed to oversee the water services for Newark, N.J., was sentenced on Friday to more than eight years in prison for accepting nearly $1 million in kickbacks. Linda Watkins Brashear pleaded guilty in …
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Ex-Water Corporation Boss in New Jersey Gets 8 Years for $1M Fraud was originally posted by ClaimsMate.com Insurance Information Resources

Suit against insurance broker over Superstorm Sandy losses can continue says N.Y. court

Commercial property owners are suing their insurance broker for negligence after Superstorm Sandy. Do they have a valid claim?
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Suit against insurance broker over Superstorm Sandy losses can continue says N.Y. court was originally posted by ClaimsMate.com Insurance Information Resources

Suit against insurance broker over Superstorm Sandy losses can continue says N.Y. court

Commercial property owners are suing their insurance broker for negligence after Superstorm Sandy. Do they have a valid claim?
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Suit against insurance broker over Superstorm Sandy losses can continue says N.Y. court was originally posted by ClaimsMate.com Insurance Information Resources

Assured Guaranty to Offer Hartford Refinancing Plan to Avoid Bankruptcy

Securities insurer Assured Guaranty Ltd. said on Monday it would grant Hartford, the capital of Connecticut, a municipal bond that offers financial support, a move that could help the city avoid filing for bankruptcy. Hartford would likely seek to file …
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Assured Guaranty to Offer Hartford Refinancing Plan to Avoid Bankruptcy was originally posted by ClaimsMate.com Insurance Information Resources

Massachusetts’ AG Healey Announces Data Breach Bill Following Equifax Hack

After bringing the nation’s first enforcement action against Equifax for its failure to protect the personal information of nearly three million Massachusetts residents, Attorney General Maura Healey announced updated legislation that will better protect consumers from data breaches. The new …
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Massachusetts’ AG Healey Announces Data Breach Bill Following Equifax Hack was originally posted by ClaimsMate.com Insurance Information Resources

Uber CEO Apologizes to Londoners for Taxi App’s Mistakes

Uber’s new boss Dara Khosrowshahi apologized to Londoners for the taxi app’s mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets. …
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Uber CEO Apologizes to Londoners for Taxi App’s Mistakes was originally posted by ClaimsMate.com Insurance Information Resources

Pioneer Underwriters & Lloyd’s MGA Asta Get Initial Nod to Set Up Lloyd’s Syndicate

Pioneer Underwriters and Asta, the third party managing agent at Lloyd’s, announced they have received “in principle” approval from Lloyd’s to establish a syndicate. Pioneer commenced underwriting in 2011 and has built a hybrid underwriting operation in the Lloyd’s market, …
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Pioneer Underwriters & Lloyd’s MGA Asta Get Initial Nod to Set Up Lloyd’s Syndicate was originally posted by ClaimsMate.com Insurance Information Resources

Airbnb and insurance coverage: Is it up in the air?

It's unlikely that we will have clear answers on Airbnb insurance coverage questions in the immediate future.
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Airbnb and insurance coverage: Is it up in the air? was originally posted by ClaimsMate.com Insurance Information Resources

Airbnb and insurance coverage: Is it up in the air?

It's unlikely that we will have clear answers on Airbnb insurance coverage questions in the immediate future.
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Airbnb and insurance coverage: Is it up in the air? was originally posted by ClaimsMate.com Insurance Information Resources

6 things to know about making storm-related insurance claims

A good insurance agent or broker can and will help with the mechanics of providing notice of a claim.
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6 things to know about making storm-related insurance claims was originally posted by ClaimsMate.com Insurance Information Resources

Lloyd’s Appoints SCOR’s Mitchell-Wallace as Head of Risk Aggregation

Lloyd’s, the specialist insurance and reinsurance market, announced Dr. Kirsten Mitchell-Wallace has been appointed as the head of Risk Aggregation. The role reports to Jon Hancock, the director of Performance Management, and is responsible for leading the strategy and day …
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Lloyd’s Appoints SCOR’s Mitchell-Wallace as Head of Risk Aggregation was originally posted by ClaimsMate.com Insurance Information Resources

AXIS Capital to Complete Acquisition of Novae Group in October

AXIS Capital Holdings Ltd. said it will complete its acquisition of London-based Novae Group plc in two phases, beginning with the acquisition of Novae shares, which is expected on Oct. 2, 2017. This will be followed by management control and …
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AXIS Capital to Complete Acquisition of Novae Group in October was originally posted by ClaimsMate.com Insurance Information Resources

10 People Arrested in Florida for $500K Accident Solicitation Scheme

Five Florida attorneys and five of their accomplices are accused in a patient-brokering scheme that brought in more than a half-million dollars in profits. Broward Sheriff’s officials said in a news release that the arrests were made Sept. 6 following …
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10 People Arrested in Florida for $500K Accident Solicitation Scheme was originally posted by ClaimsMate.com Insurance Information Resources

Seeman Holtz Continues Florida Expansion With Acquisitions of 3 Agencies

Seeman Holtz Property & Casualty, Inc. has acquired three different agencies in Florida as part of its geographic expansion and continued growth throughout the United States. The three Florida agencies most recently acquired include: Mark Ellis Insurance, headquartered in Tamarac, …
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Seeman Holtz Continues Florida Expansion With Acquisitions of 3 Agencies was originally posted by ClaimsMate.com Insurance Information Resources