Insured Losses from California Wildfires Now at $3.3 Billion

The largest California insurers have so far reported more than $3.3 billion in insured losses from the October wildfire siege, now considered the most destructive fires in state history. Insurance Commissioner Dave Jones on Tuesday updated insured loss claims data …
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Insured Losses from California Wildfires Now at $3.3 Billion was originally posted by ClaimsMate.com Insurance Information Resources

AIG Names MetLife’s Townsend as CEO, International General Insurance

American International Group (AIG) announced that Chris Townsend will join the company as chief executive officer, International General Insurance. In this newly created role, Townsend will lead the international operations of AIG’s General Insurance business, with responsibility for executing its …
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AIG Names MetLife’s Townsend as CEO, International General Insurance was originally posted by ClaimsMate.com Insurance Information Resources

Beazley Launches Suite of Financial Lines Products in Spain

Specialist insurer Beazley has unveiled a comprehensive suite of financial lines products in Spain, designed for the needs of a broad range of commercial and financial organizations. Led by Lorena Segovia, Beazley’s Spanish team of underwriters launch a set of …
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Beazley Launches Suite of Financial Lines Products in Spain was originally posted by ClaimsMate.com Insurance Information Resources

Millions of Allegedly Defective Rail Ties Leads Railroad to Sue

One of the nation’s largest railroads must replace millions of defective wooden railroad ties on its tracks because they’re degrading faster than expected, the company said in a federal lawsuit. Norfolk Southern Railway blames an Alabama company that produced its …
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Millions of Allegedly Defective Rail Ties Leads Railroad to Sue was originally posted by ClaimsMate.com Insurance Information Resources

Spencer, Nash Join MJ Insurance in Indianapolis

MJ Insurance has added Eric Spencer and Dennis Nash to the risk management and employee benefits teams as consultants in the company’s Indianapolis, Indiana, office. In their respective departments, Spencer and Nash will be responsible for proactively driving sales and …
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Spencer, Nash Join MJ Insurance in Indianapolis was originally posted by ClaimsMate.com Insurance Information Resources

NetRate Systems Adds Lewis as Director of Client Services

Okemos, Michigan-based insurance industry software provider, NetRate Systems, has hired Jeff Lewis as director of Client Services. Lewis has more than 15 years of industry experience, which includes heading multiple software support groups. He has also served as head of …
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NetRate Systems Adds Lewis as Director of Client Services was originally posted by ClaimsMate.com Insurance Information Resources

U.S. Supreme Court Declines Louisiana Coastal Wetlands Lawsuit

The U.S. Supreme Court has refused to revive a Louisiana flood protection board’s lawsuit seeking to make oil, gas and pipeline companies pay for decades of damage to coastal wetlands. The court rejected the board’s request for a review of …
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U.S. Supreme Court Declines Louisiana Coastal Wetlands Lawsuit was originally posted by ClaimsMate.com Insurance Information Resources

Missouri Educator Who Settled Harassment Suit Alleges Retaliation

A Missouri educator awarded $500,000 over claims that she was sexually harassed by her superintendent is suing again, alleging that school board members poisoned her effort to find a new job. Jodi Heckler was principal of an intermediate school in …
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Missouri Educator Who Settled Harassment Suit Alleges Retaliation was originally posted by ClaimsMate.com Insurance Information Resources

Allstate Sues Former Agent Over EA Agreement in Mass. Federal Court

Allstate is suing one of its former agents in United States District Court for the District of Massachusetts, alleging the agent breached a one-year non-compete clause by misusing Allstate’s confidential information and trade secrets. Defendant Abner Joseph executed an exclusive …
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Allstate Sues Former Agent Over EA Agreement in Mass. Federal Court was originally posted by ClaimsMate.com Insurance Information Resources

Text and Crossing a Street in Honolulu Can Bring a Fine

Of all the beautiful scenery to see in Honolulu, officials want to make sure residents and tourists get a good look at the street. Honolulu became the largest city in the U.S. to make it illegal for people to look …
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Text and Crossing a Street in Honolulu Can Bring a Fine was originally posted by ClaimsMate.com Insurance Information Resources

Chris Winans Joins Kimball Hughes PR

Chris Winans has joined Kimball Hughes Public Relations as a consultant. Winans most recently led Hill+Knowlton Strategies’ U.S. financial services communications practice. He has more than 30 years of experience as a journalist, a Wall Street financial analyst, a corporate …
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Chris Winans Joins Kimball Hughes PR was originally posted by ClaimsMate.com Insurance Information Resources

AIG Renames Tech-Focused Commercial Insurance Unit Blackboard

American International Group’s technology-focused subsidiary formerly known as Hamilton USA has a new name, Blackboard. Hamilton USA was part of Hamilton Insurance Group. AIG announced plans to buy the unit in May when its chief executive officer, Brian Duperreault, left …
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AIG Renames Tech-Focused Commercial Insurance Unit Blackboard was originally posted by ClaimsMate.com Insurance Information Resources

Why States Should Drop Insurance Anti-Rebating Laws: Viewpoint

For the commercial property and casualty, and employee benefits segments of the insurance industry, anti-rebating laws are both nonsense and anti-consumer. Competition is intended to protect competitiveness in the marketplace, not to protect competitors. Producers need to be able to …
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Why States Should Drop Insurance Anti-Rebating Laws: Viewpoint was originally posted by ClaimsMate.com Insurance Information Resources

Singapore Looks to Create Thousands of Finance, Insurance Jobs

Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. In a plan unveiled Monday, the Monetary Authority of …
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Singapore Looks to Create Thousands of Finance, Insurance Jobs was originally posted by ClaimsMate.com Insurance Information Resources

Severe Weather Sweeps Through Northeast, 300,000 Without Power

Severe weather pounded the Northeast region with powerful winds and drenching rains early Monday, leaving nearly 300,000 without power. Southern New England appeared to suffer the brunt of the storm damage overnight. Eversource reported more than 155,000 Connecticut customers were …
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Severe Weather Sweeps Through Northeast, 300,000 Without Power was originally posted by ClaimsMate.com Insurance Information Resources

QBE North America Hires Keeping as NYC-Based Eastern Regional Executive

QBE North America, an operating division of QBE Group, has hired Matt Keeping as a regional executive in the Eastern region. In this role, Keeping will lead QBE’s go-to-market activities as an integrated specialist insurer in the 20-state region. Based …
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QBE North America Hires Keeping as NYC-Based Eastern Regional Executive was originally posted by ClaimsMate.com Insurance Information Resources

Summerville to Head Swiss Re Casualty, Financial and Professional Services for North America

Swiss Re Corporate Solutions has appointed Jeff Summerville as head of Casualty, Financial & Professional Services North America, effective immediately. Summerville will oversee the North American Casualty business in addition to his current responsibilities as the leader of Financial and …
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Summerville to Head Swiss Re Casualty, Financial and Professional Services for North America was originally posted by ClaimsMate.com Insurance Information Resources

AssuredPartners Acquires New Jersey’s Synergy Professional Associates

AssuredPartners Inc. has acquired Synergy Professional Associates of Fairfield, N.J. Synergy is a managing general agent and wholesale insurance intermediary devoted to professional liability and program development. It was founded as a boutique gateway for specialized professional liability programs, and …
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AssuredPartners Acquires New Jersey’s Synergy Professional Associates was originally posted by ClaimsMate.com Insurance Information Resources

Shareholder Activists Press Drug Firms on Business Risks of Opioid Crisis

U.S. shareholder activists are addressing a soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from their role in the sector. Leaders of a 30-fund group …
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Shareholder Activists Press Drug Firms on Business Risks of Opioid Crisis was originally posted by ClaimsMate.com Insurance Information Resources

Cost-Cutting Japanese Factories Struggle to Maintain Safety

A series of safety scandals at Japanese companies have put the country’s lionized factory floor under scrutiny as manufacturers struggle with increased pressure on costs, stricter enforcement of standards and growing competition. With margins squeezed by a stagnant domestic market …
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Cost-Cutting Japanese Factories Struggle to Maintain Safety was originally posted by ClaimsMate.com Insurance Information Resources

Parametric Insurance Explored for U.S. Disasters

Catastrophic losses this year due to extreme weather events has led to a growing interest in parametric insurance in the U.S., according to industry experts. Weather stations and satellite images are helping to make parametric coverage an affordable, and increasingly, …
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Parametric Insurance Explored for U.S. Disasters was originally posted by ClaimsMate.com Insurance Information Resources

Man charged with defrauding FEMA of over $250K

A man from Pennsylvania has been charged with using phony documents to collect $252,734 in FEMA-backed disaster benefits and insurance payments.
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Man charged with defrauding FEMA of over $250K was originally posted by ClaimsMate.com Insurance Information Resources

Man charged with defrauding FEMA of over $250K

A man from Pennsylvania has been charged with using phony documents to collect $252,734 in FEMA-backed disaster benefits and insurance payments.
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Man charged with defrauding FEMA of over $250K was originally posted by ClaimsMate.com Insurance Information Resources

5 big cybersecurity lessons to learn from the Equifax data breach

The Equifax data breach has been unlike any other. Its victims’ did not voluntarily provide their personal information to the company, nor did they have the ability to opt out.
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5 big cybersecurity lessons to learn from the Equifax data breach was originally posted by ClaimsMate.com Insurance Information Resources

5 big cybersecurity lessons to learn from the Equifax data breach

The Equifax data breach has been unlike any other. Its victims’ did not voluntarily provide their personal information to the company, nor did they have the ability to opt out.
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5 big cybersecurity lessons to learn from the Equifax data breach was originally posted by ClaimsMate.com Insurance Information Resources

Halloween night poses hidden hazards & over 100 fatalities

In 2016, 107 people died on the roads the night of October 31st, and 21% of those killed were pedestrians
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Halloween night poses hidden hazards & over 100 fatalities was originally posted by ClaimsMate.com Insurance Information Resources

Halloween night poses hidden hazards & over 100 fatalities

In 2016, 107 people died on the roads the night of October 31st, and 21% of those killed were pedestrians
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Halloween night poses hidden hazards & over 100 fatalities was originally posted by ClaimsMate.com Insurance Information Resources

Commentary: Cities Could Do Better When it Comes to Disaster Preparation

The first game of this year’s World Series earned a dubious distinction for the highest temperature ever recorded at the Fall Classic. At 103 degrees, the temperature at 5 p.m. Tuesday in Los Angeles was far above the previous record …
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Commentary: Cities Could Do Better When it Comes to Disaster Preparation was originally posted by ClaimsMate.com Insurance Information Resources

Confusion Over California’s Recreational Marijuana Rules

Ready or not, California kicks off recreational marijuana sales on Jan. 1. And, mostly, it’s not. Los Angeles and San Francisco are among many cities still struggling to fashion local rules for pot shops and growers. Without the regulations, there …
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Confusion Over California’s Recreational Marijuana Rules was originally posted by ClaimsMate.com Insurance Information Resources

Contractor Fraud Leaves Some Rebuilding 5 Years After Sandy

After Superstorm Sandy flooded the first floor of his New Jersey home with 4 feet of water, Rich Bindell shelled out tens of thousands of dollars to a contractor he knew was approved by the state and had done other …
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Contractor Fraud Leaves Some Rebuilding 5 Years After Sandy was originally posted by ClaimsMate.com Insurance Information Resources

Insurance apps aren’t popular with policyholders yet, finds J.D. Power

There’s an app for that — but no one is using it to file claims.
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Insurance apps aren’t popular with policyholders yet, finds J.D. Power was originally posted by ClaimsMate.com Insurance Information Resources

Who’s using what in property & casualty insurance: Oct. 30, 2017

Technology news from Pioneer State Mutual and Duck Creek, Dryden Mutual, CallVU, The Hanover and Insurity, Applied Systems, All Risks, Ltd., and Intellect Design Arena Ltd.
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Who’s using what in property & casualty insurance: Oct. 30, 2017 was originally posted by ClaimsMate.com Insurance Information Resources

Ohio County Sues Drugmakers Over Opioid Surge

County officials in Ohio’s Cuyahoga County are suing several large prescription drug companies saying they intentionally misled the public about the dangers of opioids. The lawsuit filed by Cuyahoga County says the drugmakers and distributors sought to increase sales of …
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Ohio County Sues Drugmakers Over Opioid Surge was originally posted by ClaimsMate.com Insurance Information Resources

3 Licensed Producers Accused of Insurance Fraud Scheme in Louisiana

Two women in East Baton Rouge Parish have been served cease and desist orders by the Louisiana Department of Insurance Fraud Division investigators for allegedly fraudulently altering the vital information and beneficiary designation of insurance policies, submitting fraudulent policyholder information, …
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3 Licensed Producers Accused of Insurance Fraud Scheme in Louisiana was originally posted by ClaimsMate.com Insurance Information Resources

Alera Group Names Doucette VP — Human Resources, Organization Development

Deerfield, Illinois-based Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm, has appointed Bill Doucette as vice president of Human Resources and Organization Development. Doucette will focus on uniting the best practices of Alera Group firms …
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Alera Group Names Doucette VP — Human Resources, Organization Development was originally posted by ClaimsMate.com Insurance Information Resources

The Hilb Group Acquires Michigan’s BKC Insurance Agency

The Hilb Group LLC (THG) has acquired BKC Insurance Agency (BKC), based in Cheboygan, Michigan. In addition to Cheboygan, BKC has an additional location in Indian River, Michigan. The agency provides a wide array of property/casualty and employee benefits solutions …
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The Hilb Group Acquires Michigan’s BKC Insurance Agency was originally posted by ClaimsMate.com Insurance Information Resources

Legal Troubles, Political Discourse Lead to Insurance Probation for Vermont Town

The insurance provider for the small Vermont town of Victory has placed the town on probation after a series of legal disputes and internal strife among current and former elected officials. The board of the Vermont League of Cities & …
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Legal Troubles, Political Discourse Lead to Insurance Probation for Vermont Town was originally posted by ClaimsMate.com Insurance Information Resources

Iron-Excess Names 3 to Specialty Casualty Posts for U.S., London

Ironshore announced the appointments of three executives to underwrite Specialty Casualty risk in U.S. and London markets. Iron-Excess, the excess underwriting unit of Ironshore Insurance Services formed in September 2017, has named Sonny Powers to lead the Iron-Excess Casualty unit …
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Iron-Excess Names 3 to Specialty Casualty Posts for U.S., London was originally posted by ClaimsMate.com Insurance Information Resources

Oregon Cop Says New Phone Law Makes Smartphones Like ‘Hot Lava’

In the three years that Springfield police officer Mike Massey has been a motorcycle traffic enforcement officer, he’s seen it all when it comes to cellphone use and driving. In addition to witnessing drivers talking or texting on their cellphones …
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Oregon Cop Says New Phone Law Makes Smartphones Like ‘Hot Lava’ was originally posted by ClaimsMate.com Insurance Information Resources

Cities fall short on preparing for disaster

The government’s own data points very clearly to the magnitude of the effects of weather and climate disasters in the U.S.
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Cities fall short on preparing for disaster was originally posted by ClaimsMate.com Insurance Information Resources

Cities fall short on preparing for disaster

The government’s own data points very clearly to the magnitude of the effects of weather and climate disasters in the U.S.
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Cities fall short on preparing for disaster was originally posted by ClaimsMate.com Insurance Information Resources

California Wildfires: May Take Years for Full Recovery

It will take at least months and likely years to fully recover from devastating wildfires that ripped through Northern California earlier this month, destroying at least 8,900 structures and killing 42 people, Sonoma County officials said . “We don’t control …
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California Wildfires: May Take Years for Full Recovery was originally posted by ClaimsMate.com Insurance Information Resources

HR Departments Often Ill-Equipped to Handle Sexual Harassment Claims: Viewpoint

In an ideal world, anyone who experiences harassment at work would head directly to the human resource department. That’s where a sensitive, well-trained professional would conduct an “immediate and impartial” investigation followed by “appropriate action to remediate or prevent the …
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HR Departments Often Ill-Equipped to Handle Sexual Harassment Claims: Viewpoint was originally posted by ClaimsMate.com Insurance Information Resources

Aon to Acquire UK-Based Insurance Broker Henderson

Global insurance broker Aon said it will acquire Henderson Insurance Broking Group, an independent UK-based insurance broker. Terms were not disclosed. Aon anticipates completing the acquisition in December. Henderson Insurance Broking Group is one of the UK’s largest independent brokers, …
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Aon to Acquire UK-Based Insurance Broker Henderson was originally posted by ClaimsMate.com Insurance Information Resources

Beazley Taps XL Catlin’s Taboada, Zurich’s Misol as Financial Lines U/Ws, Spain

Specialist insurer Beazley continues to build its international specialty lines team, with the appointments of Estefania Taboada and Ana Misol as financial lines underwriters in Barcelona. Their appointments follow the appointment in May 2017 of Lorena Segovia to the newly …
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Beazley Taps XL Catlin’s Taboada, Zurich’s Misol as Financial Lines U/Ws, Spain was originally posted by ClaimsMate.com Insurance Information Resources

Oregon Law Means Harsher Penalties for Holding Cell Phone While Driving

In the three years that Springfield police officer Mike Massey has been a motorcycle traffic enforcement officer, he’s seen it all when it comes to cellphone use and driving. In addition to witnessing drivers talking or texting on their cellphones …
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Oregon Law Means Harsher Penalties for Holding Cell Phone While Driving was originally posted by ClaimsMate.com Insurance Information Resources

Changing Climate Means Shorter Winters

Winter is coming … later. And it’s leaving ever earlier. Across the United States, the year’s first freeze has been arriving further and further into the calendar, according to more than a century of measurements from weather stations nationwide. Scientists …
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Changing Climate Means Shorter Winters was originally posted by ClaimsMate.com Insurance Information Resources

National Weather Service Staff Said Harvey Was Unprecedented

They had to find new words. In advance of Hurricane Harvey‘s landfall, the meteorologists at the National Weather Service in League City, Texas, felt they needed to break from the usual language they use to communicate the dangers of the …
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National Weather Service Staff Said Harvey Was Unprecedented was originally posted by ClaimsMate.com Insurance Information Resources

New York’s Lawley Hires Overhoff as Loss Control Manager

Lawley, a Buffalo, N.Y.-based, independent insurance broker, has hired loss control veteran Bob Overhoff Jr. as loss control manager. Previously the director of corporate safety at LPCiminelli, Overhoff Jr. will work out of Lawley’s headquarters in Buffalo, N.Y., helping customers …
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New York’s Lawley Hires Overhoff as Loss Control Manager was originally posted by ClaimsMate.com Insurance Information Resources

Pharmacist in Deadly Meningitis Outbreak Cleared of Murder

A pharmacist at a facility whose tainted drugs sparked a nationwide meningitis outbreak that killed 76 people was cleared Wednesday of murder but was convicted of mail fraud and racketeering. Jurors said prosecutors failed to prove Glenn Chin was responsible …
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Pharmacist in Deadly Meningitis Outbreak Cleared of Murder was originally posted by ClaimsMate.com Insurance Information Resources

Former Maine Fire Chief Admits Starting Blaze That Burned 42 Acres

A former Maine fire chief has pleaded guilty to setting a wildfire that burned 42 acres in 2016. The Journal Tribune reports that 61-year-old Ricky Plummer pleaded guilty Wednesday to starting the fire when he was chief, under an agreement …
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Former Maine Fire Chief Admits Starting Blaze That Burned 42 Acres was originally posted by ClaimsMate.com Insurance Information Resources

Superstorm Sandy 5 years later: What have we learned?

Looking back at Superstorm Sandy on its fifth anniversary, Allianz has some recommendations for clients in a new report.
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Superstorm Sandy 5 years later: What have we learned? was originally posted by ClaimsMate.com Insurance Information Resources

Superstorm Sandy 5 years later: What have we learned?

Looking back at Superstorm Sandy on its fifth anniversary, Allianz has some recommendations for clients in a new report.
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Superstorm Sandy 5 years later: What have we learned? was originally posted by ClaimsMate.com Insurance Information Resources

Creative learning: Changing the status quo for subrogation education

Innovation and imagination are critical to imparting timeless insurance principles
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Creative learning: Changing the status quo for subrogation education was originally posted by ClaimsMate.com Insurance Information Resources

Creative learning: Changing the status quo for subrogation education

Innovation and imagination are critical to imparting timeless insurance principles
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Creative learning: Changing the status quo for subrogation education was originally posted by ClaimsMate.com Insurance Information Resources

Aon Reports 6% Increase in Q3 Revenues to $2.2B

Aon reported third quarter revenue of $2.3 billion, an increase of 6 percent from the $2.2 billion reported for the same period last year. This increase was driven primarily by a 3 percent increase related to acquisitions, net of divestitures, …
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Aon Reports 6% Increase in Q3 Revenues to $2.2B was originally posted by ClaimsMate.com Insurance Information Resources

Randall & Quilter Agrees to Novate Management of ProSight’s Syndicate 1110

Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has reached agreement with ProSight Specialty Insurance to novate the management of Syndicate 1110 to R&Q Managing Agency Ltd. (RQMA). Day-to-day claims handling on non-U.S. business will be outsourced to R&Q …
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Randall & Quilter Agrees to Novate Management of ProSight’s Syndicate 1110 was originally posted by ClaimsMate.com Insurance Information Resources

Lloyd’s Re/Insurance Broker RFIB Launches Singapore Operation

RFIB Group Ltd., the Lloyd’s insurance and reinsurance broker, announced the launch of RFIB (Singapore) Pte Ltd. The new operation will serve as a hub for the continued development of RFIB’s presence across Asia, said London-based RFIB. “Asia represents a …
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Lloyd’s Re/Insurance Broker RFIB Launches Singapore Operation was originally posted by ClaimsMate.com Insurance Information Resources

Not All Expect Hurricanes to Bring 2018 P/C Insurance Hard Market

The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover pricing power. It’s a fantasy, some analysts …
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Not All Expect Hurricanes to Bring 2018 P/C Insurance Hard Market was originally posted by ClaimsMate.com Insurance Information Resources

Wildfire Recovery May Take Years in Northern California

It will take at least months and likely years to fully recover from devastating wildfires that ripped through Northern California earlier this month, destroying at least 8,900 structures and killing 42 people, Sonoma County officials said Saturday. “We don’t control …
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Wildfire Recovery May Take Years in Northern California was originally posted by ClaimsMate.com Insurance Information Resources

Trump Signs $36.5B Emergency Aid Bill for Disasters

President Donald Trump signed a $36.5 billion emergency aid measure on Thursday to refill disaster accounts, provide a cash infusion to Puerto Rico and bail out the federal flood insurance program. The president signed the bill after the Senate sent …
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Trump Signs $36.5B Emergency Aid Bill for Disasters was originally posted by ClaimsMate.com Insurance Information Resources

Study Finds More Evidence That Energy Waste Wells Cause Quakes

Scientists say they have more evidence that an increase in earthquakes on the Colorado-New Mexico border since 2001 has been caused by wells that inject wastewater from oil and gas production back underground, similar to human-caused quakes in Oklahoma and …
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Study Finds More Evidence That Energy Waste Wells Cause Quakes was originally posted by ClaimsMate.com Insurance Information Resources

Florida Hurricane Fund Irma Payouts Could Exceed $5B

Hurricane Irma’s damaging rampage through Florida may require the state fund that provides backing to private insurers to pay up to $5.1 billion in claims. Anne Bert, chief operating officer for the Florida Hurricane Catastrophe Fund, said Thursday the fund …
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Florida Hurricane Fund Irma Payouts Could Exceed $5B was originally posted by ClaimsMate.com Insurance Information Resources

Court Sides with Florida Nursing Homes in Emergency Generator Battle With Gov

Florida Gov. Rick Scott’s push to force nursing homes to add generators in the aftermath of Hurricane Irma could be blocked after a judge ruled there was no pressing danger that justifies the order. Scott called for the rules after …
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Court Sides with Florida Nursing Homes in Emergency Generator Battle With Gov was originally posted by ClaimsMate.com Insurance Information Resources

10 U.S. cities with spookiest and most stressful commutes

As the spookiest day of the year approaches, staffing firm Robert Half highlights the cities with the most hair-raising commutes.
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10 U.S. cities with spookiest and most stressful commutes was originally posted by ClaimsMate.com Insurance Information Resources

10 U.S. cities with spookiest and most stressful commutes

As the spookiest day of the year approaches, staffing firm Robert Half highlights the cities with the most hair-raising commutes.
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10 U.S. cities with spookiest and most stressful commutes was originally posted by ClaimsMate.com Insurance Information Resources

Insured Loss Estimates from California Wildfires Now up to $8 Billion

Insured losses from the siege of California wildfires could possibly reach $8 billion, according to new estimates released on Friday by catastrophe modeler RMS. The firm now estimates the insured loss for the wildfires impacting Sonoma, Napa, Solano, Lake and …
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Insured Loss Estimates from California Wildfires Now up to $8 Billion was originally posted by ClaimsMate.com Insurance Information Resources

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

Results from Zurich Insurance's annual Advisen Cyber Survey were presented and analyzed at this year's Cyber Risk Insights Conference in New York.
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As cyber risks evolve, businesses are growing complacent, Zurich report says was originally posted by ClaimsMate.com Insurance Information Resources

Think insurers can price their way back from storms? Think again

Investors may be 'sorely disappointed' when reinsurers don’t see quick rebounds in book values as they did after past storms, Bloomberg Intelligence analyst Jonathan Adams said.
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Think insurers can price their way back from storms? Think again was originally posted by ClaimsMate.com Insurance Information Resources

Think insurers can price their way back from storms? Think again

Investors may be 'sorely disappointed' when reinsurers don’t see quick rebounds in book values as they did after past storms, Bloomberg Intelligence analyst Jonathan Adams said.
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Think insurers can price their way back from storms? Think again was originally posted by ClaimsMate.com Insurance Information Resources

Reinsurer Swiss Re Moving Kansas Office to Kansas City, Missouri

Swiss Re, a reinsurance company, says it plans to move its headquarters and 400 jobs from Overland Park, Kansas, to downtown Kansas City. The move is expected in late 2018. President and CEO Eric Smith says the move will bring …
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Reinsurer Swiss Re Moving Kansas Office to Kansas City, Missouri was originally posted by ClaimsMate.com Insurance Information Resources

Michigan Pizza Delivery Man Loses Lawsuit over Icy Fall

Cheese and pepperoni — but hold the lawsuit. That’s the message from the Michigan appeals court, which has reversed a decision and dismissed a lawsuit by a Domino’s Pizza delivery man. Robert Garsoff fractured an ankle in three places and …
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Michigan Pizza Delivery Man Loses Lawsuit over Icy Fall was originally posted by ClaimsMate.com Insurance Information Resources

South Dakota Farmers Report 57K Acres Damaged by Dicamba

South Dakota farmers have reported about 57,000 acres of crops damaged by an herbicide called dicamba. Dicamba is an herbicide widely used to kill weeds in soybeans genetically modified to be resistant to the herbicide, the Pierre Capital Journal reported. …
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South Dakota Farmers Report 57K Acres Damaged by Dicamba was originally posted by ClaimsMate.com Insurance Information Resources

AIG Expanding Commercial Casualty Policies to Include Cyber Coverage

American International Group Inc. said it would include cyber coverage to its commercial casualty insurance during the first quarter of 2018, a move that would boost rates but make it clearer how customers are covered if they are the victim …
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AIG Expanding Commercial Casualty Policies to Include Cyber Coverage was originally posted by ClaimsMate.com Insurance Information Resources

XL Catlin Taps Allianz’ Broodryk as Cyber Product Leader, APAC Financial Lines

XL Catlin’s insurance operations announced the appointment of Max Broodryk as product leader of Cyber Risk, International Financial Lines for Asia Pacific, based in Sydney. In this role, Broodryk will be responsible for underwriting management and development of the Cyber …
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XL Catlin Taps Allianz’ Broodryk as Cyber Product Leader, APAC Financial Lines was originally posted by ClaimsMate.com Insurance Information Resources

Emergency Response to Vegas Shooting Projected at $4M

The costs of emergency police, fire and other services related to the Las Vegas shooting massacre were projected Wednesday at about $4 million and climbing. The disclosure came amid pledges by the federal government to provide $1 million, and from …
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Emergency Response to Vegas Shooting Projected at $4M was originally posted by ClaimsMate.com Insurance Information Resources

Loss Estimate for October 2016 Italian Quakes Rises to US$244.4M: PERILS

The property insurance market’s losses from the series of earthquakes to hit Central Italy between Oct. 26 and Oct. 30, 2016 has risen to €208 million (US$244.4 million), according to PERILS, the independent Zurich-based organization that provides industry wide catastrophe …
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Loss Estimate for October 2016 Italian Quakes Rises to US$244.4M: PERILS was originally posted by ClaimsMate.com Insurance Information Resources

Insurtech Zenefits, Co-Founder to Pay $1M for Misleading Investors

Silicon Valley business software startup Zenefits and its co-founder Parker Conrad have been fined nearly $1 million by the U.S. Securities and Exchange Commission as part of a settlement over charges that they misled investors. Zenefits will pay a $450,000 …
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Insurtech Zenefits, Co-Founder to Pay $1M for Misleading Investors was originally posted by ClaimsMate.com Insurance Information Resources

AIG, Insurer for Disney/ABC, Balks at Paying Part of ‘Pink Slime’ Settlement

American International Group Inc. on Thursday sued Walt Disney Co. to avoid having to reimburse the parent of ABC News for part of a settlement of a meat producer’s defamation lawsuit over a product that critics call “pink slime.” In …
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AIG, Insurer for Disney/ABC, Balks at Paying Part of ‘Pink Slime’ Settlement was originally posted by ClaimsMate.com Insurance Information Resources

Toa Re, Barbican Get ‘in Principle’ Approval from Lloyd’s to Form SPA

The Toa Reinsurance Co. and Barbican Insurance Group announced they have received “in principle” approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement (SPA 6132) to be backed exclusively by Toa Re. Subject to formal approval, …
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Toa Re, Barbican Get ‘in Principle’ Approval from Lloyd’s to Form SPA was originally posted by ClaimsMate.com Insurance Information Resources

Prime Risk Partners Acquires New York’s Gunn, Steers & Company

Prime Risk Partners Inc. (PRP) has acquired Gunn, Steers & Company (Gunn Steers), a Manhattan-based insurance broker with a specialized practice for financial institutions and asset management companies. Gunn Steers will maintain its name and continue operating at its current …
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Prime Risk Partners Acquires New York’s Gunn, Steers & Company was originally posted by ClaimsMate.com Insurance Information Resources

Assurance Furthers Expansion Into Washington D.C. with Hiring of Groseclose

Assurance, a Schaumburg, Ill.-headquartered, independent insurance brokerage, has hired Jack Groseclose to serve as an employee benefits advisor. In his new role, Groseclose will be based in Washington D.C., furthering Assurance’s expansion efforts into the D.C. market. He will focus …
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Assurance Furthers Expansion Into Washington D.C. with Hiring of Groseclose was originally posted by ClaimsMate.com Insurance Information Resources

California Dam Repair Costs to Top $500M

California officials say repair costs at the nation’s tallest dam will be nearly double the original estimate of $275 million. Department of Water Resources spokeswoman Erin Mellon said Thursday the contract with Kiewit Corp. at 770-foot Oroville Dam will grow …
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California Dam Repair Costs to Top $500M was originally posted by ClaimsMate.com Insurance Information Resources

Global Re/Insurers Seek Premium Hikes After Costly 3rd Quarter

Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in insured losses, according to modeling …
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Global Re/Insurers Seek Premium Hikes After Costly 3rd Quarter was originally posted by ClaimsMate.com Insurance Information Resources

K&K Releases New Insurance Program for Air Shows

K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new program designed for air shows that provides coverage for military air shows, civilian air shows, fly-ins, static aircraft displays, static/grounded hot air balloon displays and balloon glows …
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K&K Releases New Insurance Program for Air Shows was originally posted by ClaimsMate.com Insurance Information Resources

Florida Reports More Than $9 Million Recovered for Insurance Consumers in Q3

Assistance provided to Floridians by from Florida’s insurance consumer helpline led to the recovery of nearly $9.3 million in the third quarter of 2017, according to a statement from Florida’s Chief Financial Officer Jimmy Patronis. Recoveries included insurance claim payments …
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Florida Reports More Than $9 Million Recovered for Insurance Consumers in Q3 was originally posted by ClaimsMate.com Insurance Information Resources

White House Warns Next Disaster Bill to Cost ‘Tens of Billions’

The White House says the next request for disaster aid will cost tens of billions of dollars and Congress should consider making cuts in other government programs to finance it. In a letter to top lawmakers in Congress, Office of …
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White House Warns Next Disaster Bill to Cost ‘Tens of Billions’ was originally posted by ClaimsMate.com Insurance Information Resources

Honolulu Building Fire Site Open for Inspection by Potential Litigants

The Marco Polo condominium building in which a July fire killed four has been opened to numerous people who might file lawsuits, potential defendants such as product manufacturers and their insurers, and fire experts from across the nation. As of …
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Honolulu Building Fire Site Open for Inspection by Potential Litigants was originally posted by ClaimsMate.com Insurance Information Resources

Tennessee City To Redact Personal Info From Crash Reports

A Tennessee city will stop releasing traffic accident reports with unredacted personal information following a federal lawsuit questioning the efficacy of an ethical rule requiring attorneys to wait 30 days before contacting someone involved in a serious crash. The Chattanooga …
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Tennessee City To Redact Personal Info From Crash Reports was originally posted by ClaimsMate.com Insurance Information Resources

Florida’s Hurricane Irma Recovery Tab Tops $650M

The tab for Hurricane Irma keeps rising, and Florida legislators are warning that it could require some tough budget choices for next year. Gov. Rick Scott’s budget director told a Senate panel on Wednesday that the state has spent nearly …
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Florida’s Hurricane Irma Recovery Tab Tops $650M was originally posted by ClaimsMate.com Insurance Information Resources

Experts: Georgia Getting Hit Hard by Opioid Crisis

The nation’s deepening opioid epidemic is hitting Georgia harder than most states, experts say. That’s one of the messages that came out of a recent conference at the University of Georgia. Some of the highest opioid use is in the …
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Experts: Georgia Getting Hit Hard by Opioid Crisis was originally posted by ClaimsMate.com Insurance Information Resources

Don't be tricked this Halloween — Top 5 insurance tips!

After decorating and buying candy to hand out, have you reviewed your homeowners' insurance to confirm coverage on Halloween?
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Don't be tricked this Halloween — Top 5 insurance tips! was originally posted by ClaimsMate.com Insurance Information Resources

Don't be tricked this Halloween — Top 5 insurance tips!

After decorating and buying candy to hand out, have you reviewed your homeowners' insurance to confirm coverage on Halloween?
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Don't be tricked this Halloween — Top 5 insurance tips! was originally posted by ClaimsMate.com Insurance Information Resources

U.S. Cities Ranked Most Vulnerable to Coastal Floods Due to Climate Change

This week is the anniversary of Superstorm Sandy, which developed in late October and moved over the East Coast starting on Oct. 29, 2012, causing more than $70 billion in damage and killing 280 people. To mark that anniversary, Climate …
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U.S. Cities Ranked Most Vulnerable to Coastal Floods Due to Climate Change was originally posted by ClaimsMate.com Insurance Information Resources

Study Links Colorado, New Mexico Quakes to Oil and Gas Fluid Injections

A rash of earthquakes in southern Colorado and northern New Mexico between 2008 and 2010 was likely due to fluids pumped deep underground during oil and gas wastewater disposal, according to a study from Colorado University Boulder. The study, which …
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Study Links Colorado, New Mexico Quakes to Oil and Gas Fluid Injections was originally posted by ClaimsMate.com Insurance Information Resources

MGA Burns & Wilcox Canada Opens Vancouver Office; Key Leaders Named

Burns & Wilcox Canada, a managing general agent in North America, has expanded into British Columbia with the opening of a Vancouver office. The new office is located in Vancouver’s business district at the Oceanic Plaza Centre. The office will …
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MGA Burns & Wilcox Canada Opens Vancouver Office; Key Leaders Named was originally posted by ClaimsMate.com Insurance Information Resources

U.S. Attorney’s Office for Eastern District of Texas Creates Disaster Fraud Task Force

Acting United States Attorney Brit Featherston has established a Disaster Fraud Task Force in the Eastern District of Texas comprised of local, state, and federal agencies to combat hurricane Harvey related disaster fraud activity, the U.S. Attorney’s Office announced. The …
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U.S. Attorney’s Office for Eastern District of Texas Creates Disaster Fraud Task Force was originally posted by ClaimsMate.com Insurance Information Resources

Amid Claims of Discrimination, African-Americans Warned Against Travel on American Air

The NAACP is warning African-Americans that if they fly on American Airlines they could be subject to discrimination or even unsafe conditions. American’s CEO said on Oct. 25 that he was disappointed by the announcement and that American wants to …
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Amid Claims of Discrimination, African-Americans Warned Against Travel on American Air was originally posted by ClaimsMate.com Insurance Information Resources

Marsh & McLennan Total Revenues Up 7% in Q3

Global insurance and risk services firm Marsh & McLennan Companies reported financial results for the third quarter that include $3.3 billion in consolidated revenue, an increase of seven percent over third quarter last year. MMC also reported net income of …
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Marsh & McLennan Total Revenues Up 7% in Q3 was originally posted by ClaimsMate.com Insurance Information Resources

Louisiana Sheriff Rejected Applicant Because of HIV, Lawsuit Says

A Louisiana man says a sheriff’s office withdrew a job offer after finding out he has HIV, according to a federal lawsuit filed Oct. 24. “It’s the equivalent of not hiring somebody because they had cancer or diabetes. It’s not …
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Louisiana Sheriff Rejected Applicant Because of HIV, Lawsuit Says was originally posted by ClaimsMate.com Insurance Information Resources

Willis Towers Watson Adds Wallace as Market Leader in Wisconsin

Global insurance advisor, Willis Towers Watson, has appointed Scott Wallace market leader for Wisconsin for its Corporate Risk and Broking (CRB) segment. Willis Towers Watson has offices in Brookfield and Appleton, Wisconsin. Wallace, an 18-year industry veteran, joined Willis Towers …
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Willis Towers Watson Adds Wallace as Market Leader in Wisconsin was originally posted by ClaimsMate.com Insurance Information Resources

San Francisco Airport Experiences Another Air Canada Jet Safety Issue

Another Air Canada safety issue at San Francisco Airport is under investigation. The Federal Aviation Administration said this week it is investigating the second serious safety issue in three months involving an Air Canada passenger jet landing at San Francisco …
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San Francisco Airport Experiences Another Air Canada Jet Safety Issue was originally posted by ClaimsMate.com Insurance Information Resources

$65M of Unpaid Taxes by New Mexico Insurance Companies, Audit Shows

A long list of insurance companies failed to pay taxes on insurance premiums of nearly $65 million to the state of New Mexico since 2003, according to an independent audit released Tuesday that could weigh in ongoing legal proceedings against …
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$65M of Unpaid Taxes by New Mexico Insurance Companies, Audit Shows was originally posted by ClaimsMate.com Insurance Information Resources

Site of Largest Building Fire in Honolulu’s History Open For Plaintiffs, Defendants

The Marco Polo condominium building in which a July fire killed four has been opened to numerous people who might file lawsuits, potential defendants such as product manufacturers and their insurers, and fire experts from across the nation. As of …
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Site of Largest Building Fire in Honolulu’s History Open For Plaintiffs, Defendants was originally posted by ClaimsMate.com Insurance Information Resources

Equifax, Wells Fargo May Still Face Class Actions Despite Wall Street Arbitration Win

Not every financial firm will be able to reap the benefit of Wall Street’s victory in dismantling the threat of class-action law suits. The U.S. Senate killed a rule late on Tuesday that allowed consumers to band together to sue …
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Equifax, Wells Fargo May Still Face Class Actions Despite Wall Street Arbitration Win was originally posted by ClaimsMate.com Insurance Information Resources

U.S. to Expand Testing of Drones

President Donald Trump launched a program on Wednesday to expand testing of drones to include flights over people, nighttime operations and flights out of sight of the operator, the White House said. The pilot program aims to speed up the …
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U.S. to Expand Testing of Drones was originally posted by ClaimsMate.com Insurance Information Resources

Hiscox Appoints Veys from UK Insurer LV= as Chief Investment Officer

Specialist global insurer Hiscox has appointed Alex Veys as chief investment officer. Veys will take over the position from David Astor, who is retiring in 2018 after 15 years at Hiscox. Veys has more than 30 years’ experience in financial …
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Hiscox Appoints Veys from UK Insurer LV= as Chief Investment Officer was originally posted by ClaimsMate.com Insurance Information Resources

Saudi Insurers Need More Consolidation, Foreign Input, Says Regulator

Saudi Arabia’s insurance industry needs more consolidation and foreign input to help create solid companies capable of competing in the oil-rich nation’s crowded market, the country’s central bank chief said. “There are some small firms I don’t believe are capable …
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Saudi Insurers Need More Consolidation, Foreign Input, Says Regulator was originally posted by ClaimsMate.com Insurance Information Resources

Investigators Seeking Source of Gas Leak After Connecticut Inn Explosion

Fire officials investigating a restaurant explosion that injured five people tried on Monday to pinpoint the source of the propane leak that caused the blast. The explosion happened Saturday afternoon at the Spring Hill Inn in Mansfield, just over a …
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Investigators Seeking Source of Gas Leak After Connecticut Inn Explosion was originally posted by ClaimsMate.com Insurance Information Resources