Statewide Claims for California Wildfires Reach Nearly $12B

Insurers have received nearly 45,000 insurance claims totaling more than $11.79 billion in losses from the wildfires that burned across the state in October and December 2017, California Insurance Commissioner Dave Jones announced today. The fires in Northern California in …
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Statewide Claims for California Wildfires Reach Nearly $12B was originally posted by ClaimsMate.com Insurance Information Resources

Ohio’s Cannasure Launches New Cannabis Program

Westlake, Ohio-based managing general agent and wholesale broker Cannasure Insurance Services (Cannasure) announced it is launching a comprehensive coverage program to support the cannabis industry. The Cannasure program will offer the following coverage lines: Property, General Liability, Products Liability, Crop …
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Ohio’s Cannasure Launches New Cannabis Program was originally posted by ClaimsMate.com Insurance Information Resources

Surplus Lines Market Had a Record Breaking Year in 2017

Across the United States, all 15 surplus lines service offices experienced increases in excess and surplus (E&S) lines insurance premium, totaling $28.1 billion, the Surplus Lines Stamping Office of Texas (SLTX) reports. Information compiled by the SLTX confirmed the national …
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Surplus Lines Market Had a Record Breaking Year in 2017 was originally posted by ClaimsMate.com Insurance Information Resources

Insurance Council of Texas: Justified Consumer Complaints Minimal in 2017

Despite another year of bad weather, data from the Texas Department of Insurance (TDI) shows that justified consumer complaints continued to be low, the Insurance Council of Texas (ICT) reports. Out of 6.7 million policies, and an estimated 700,000 homeowner …
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Insurance Council of Texas: Justified Consumer Complaints Minimal in 2017 was originally posted by ClaimsMate.com Insurance Information Resources

Worldwide Broker Network Names Gambonini as Global P/C Consultant

The Worldwide Broker Network (WBN) announced the appointment of Antoinette “Toni” Gambonini as global property & casualty consultant. In this role, Gambonini will work with WBN member companies on six continents in the areas of cross-border training, new business opportunities …
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Worldwide Broker Network Names Gambonini as Global P/C Consultant was originally posted by ClaimsMate.com Insurance Information Resources

NTSB: 2016 Evacuation of Burning Jet in Chicago Put Lives at Risk

The emergency evacuation of a wide-body airliner in Chicago was anything but orderly. As flames engulfed the right wing, passengers screamed and clambered over seats even before the American Airlines jet came to a stop on the runway after the …
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NTSB: 2016 Evacuation of Burning Jet in Chicago Put Lives at Risk was originally posted by ClaimsMate.com Insurance Information Resources

Lloyd’s Market Association to Offer International Courses, Technical Programs

The Lloyd’s Market Association Academy (LMA Academy) announced that, starting in March, it will begin offering a range of technical programs and courses internationally. The expansion builds on the success of the LMA’s immersive and practical training programs, with staff …
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Lloyd’s Market Association to Offer International Courses, Technical Programs was originally posted by ClaimsMate.com Insurance Information Resources

Alfa Names Chancey P/C Insurance Operations Chief

Alfa Insurance has promoted Beth Chancey to senior vice president of the company’s Property & Casualty Operations effective Feb. 1. She will be responsible for P/C underwriting, actuarial services, billing and distribution services. Chancey replaces Tommy Coshatt, who was previously …
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Alfa Names Chancey P/C Insurance Operations Chief was originally posted by ClaimsMate.com Insurance Information Resources

Attorneys Say Montana Diocese Has More Assets for Abuse Settlements

Attorneys representing victims of sex abuse by priests and other employees of the Roman Catholic Diocese of Great Falls-Billings in Montana argue parish money being held by the diocese should be available to pay a settlement to victims. The victims …
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Attorneys Say Montana Diocese Has More Assets for Abuse Settlements was originally posted by ClaimsMate.com Insurance Information Resources

Court Upholds Consumer Financial Bureau Structure Over Trump, Business Complaints

The Consumer Financial Protection Bureau director’s job regained a measure of security Wednesday when a U.S. appeals court said the agency head can only be fired for “inefficiency, neglect of duty, or malfeasance in office,” in a blow to the …
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Court Upholds Consumer Financial Bureau Structure Over Trump, Business Complaints was originally posted by ClaimsMate.com Insurance Information Resources

Munich Re Leads $16.5M Financing for AI, IoT Startup Mnubo

Munich Re’s HSB Ventures led a $16.5 million venture financing for Mnubo, an Internet of Things (IoT), data analytics and artificial intelligence (AI) startup, which is seeking to expand internationally. Founded in 2012 and headquartered in Montreal, Canada, Mnubo said …
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Munich Re Leads $16.5M Financing for AI, IoT Startup Mnubo was originally posted by ClaimsMate.com Insurance Information Resources

Massachusetts’ Arbella Insurance Group Promotes Martin

The Arbella Insurance Group, a Quincy, Mass.-based regional property and casualty insurance company, has appointed Karin Martin to assistant vice president in its contact centers. Reporting to Janet Corcoran, executive vice president and chief operating officer, Martin will oversee the …
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Massachusetts’ Arbella Insurance Group Promotes Martin was originally posted by ClaimsMate.com Insurance Information Resources

Jimcor Agency Expands into Transportation Sector, Hires Blumberger in Connecticut

Jimcor Agency Inc., an independent managing general agent and wholesaler, has expanded into the transportation sector with the addition of Jeffrey Blumberger as a brokerage specialist in transportation. In this role, Blumberger will be responsible for brokerage placement and underwriting …
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Jimcor Agency Expands into Transportation Sector, Hires Blumberger in Connecticut was originally posted by ClaimsMate.com Insurance Information Resources

Allianz Acquires Liberty International’s U.S. Product Recall Business Renewals

Allianz Global Corporate & Specialty (AGCS) is acquiring the renewal portfolio of Liberty Mutual Insurance’s U.S. product recall and special contingency business. The effective date is Jan.30, 2018. The business being acquired was written through Liberty International Underwriters (LIU) U.S., …
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Allianz Acquires Liberty International’s U.S. Product Recall Business Renewals was originally posted by ClaimsMate.com Insurance Information Resources

The New York DFS Wants Certificates of Compliance for Valentine’s Day

What were you planning to give the New York Department of Financial Services for Valentine’s Day? Hopefully, a certificate of compliance. It is hard to believe that almost a year has passed since the NYDFS cybersecurity regulations (Cyber Rules) became …
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The New York DFS Wants Certificates of Compliance for Valentine’s Day was originally posted by ClaimsMate.com Insurance Information Resources

Chubb Records Solid Q4 and Year Despite Catastrophe Losses

Chubb had a solid last quarter of 2017 and year even though challenged by wildfire and other catastrophe costs. Fourth quarter results were enhanced by a one-time gain from the Trump tax cuts. The insurer booked $1.5 billion in net …
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Chubb Records Solid Q4 and Year Despite Catastrophe Losses was originally posted by ClaimsMate.com Insurance Information Resources

UK Insurtech Startup Inzura Raises $1M for International Growth Plans

Inzura, the London-headquartered insurtech startup, announced the completion of its first major funding round, raising US$1 million to pursue its “ambitious growth plans.” The funds will be used to accelerate new technology developments, which include: Machine learning and artificial intelligence …
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UK Insurtech Startup Inzura Raises $1M for International Growth Plans was originally posted by ClaimsMate.com Insurance Information Resources

Casualty Catastrophe Modeler Praedicat Raises $6 Million

Praedicat said it has completed a $6 million, early-stage financing. The Los Angeles-based casualty catastrophe modeling company plans to use the money to accelerate development of products that prepare insurers and other companies for emerging or latent commercial risks. Frank …
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Casualty Catastrophe Modeler Praedicat Raises $6 Million was originally posted by ClaimsMate.com Insurance Information Resources

It's not just cybercriminals: Insider threats still a top cyber risk for corporations

Kroll's Global Fraud & Risk Report found that former and current employees are behind most company security, fraud and cybersecurity incidents.
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It's not just cybercriminals: Insider threats still a top cyber risk for corporations was originally posted by ClaimsMate.com Insurance Information Resources

It's not just cybercriminals: Insider threats still a top cyber risk for corporations

Kroll's Global Fraud & Risk Report found that former and current employees are behind most company security, fraud and cybersecurity incidents.
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It's not just cybercriminals: Insider threats still a top cyber risk for corporations was originally posted by ClaimsMate.com Insurance Information Resources

Moving on after the big freeze – Part II

Changes in energy preferences and global factors are creating new job opportunities and coverage issues.
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Moving on after the big freeze – Part II was originally posted by ClaimsMate.com Insurance Information Resources

Moving on after the big freeze – Part II

Changes in energy preferences and global factors are creating new job opportunities and coverage issues.
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Moving on after the big freeze – Part II was originally posted by ClaimsMate.com Insurance Information Resources

Esurance Now Offering Rideshare Coverage in California

Esurance has launched a new insurance option for Californians who drive for rideshare companies, such as Uber and Lyft, that offers protection whether the driver is waiting for a ride request, on the way to pick up a passenger, or …
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Esurance Now Offering Rideshare Coverage in California was originally posted by ClaimsMate.com Insurance Information Resources

California insurance commissioner issues formal notice to insurers on mudslide coverage for homeowners

California insurance commissioner sends formal notice to insurers reminding them of state law on the proximate cause of a loss.
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California insurance commissioner issues formal notice to insurers on mudslide coverage for homeowners was originally posted by ClaimsMate.com Insurance Information Resources

California insurance commissioner issues formal notice to insurers on mudslide coverage for homeowners

California insurance commissioner sends formal notice to insurers reminding them of state law on the proximate cause of a loss.
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California insurance commissioner issues formal notice to insurers on mudslide coverage for homeowners was originally posted by ClaimsMate.com Insurance Information Resources

Business Risk Partners Expands Into Financial Services Sector

Business Risk Partners (BRP) has expanded into the financial services sector with the addition of two specialty insurance coverages: miscellaneous professional liability insurance for a broad range of lenders, advisors and financial entities, as well as a comprehensive policy for …
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Business Risk Partners Expands Into Financial Services Sector was originally posted by ClaimsMate.com Insurance Information Resources

Missouri’s Panera Bread Recalls Some Cream Cheese

St. Louis, Mo.-based Panera Bread Co. is voluntarily recalling some cream cheese sold in its U.S. stores because of possible bacterial contamination. The St. Louis-based company released a statement Sunday saying the recall was initiated after testing from a single …
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Missouri’s Panera Bread Recalls Some Cream Cheese was originally posted by ClaimsMate.com Insurance Information Resources

Lowe’s to Pay $55K for to Settle Charges of Discrimination at Texas Store

Lowe’s Home Centers LLC, a nationwide chain of home improvement and hardware stores, will pay $55,000 and provide other relief to settle a disability discrimination lawsuit filed on behalf of a manager at one of the company’s stores in Texas, …
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Lowe’s to Pay $55K for to Settle Charges of Discrimination at Texas Store was originally posted by ClaimsMate.com Insurance Information Resources

Detroit’s Greektown Casino to Settle Disability Discrimination Suit for $140K

A Detroit casino operator has consented to pay $140,000 to settle a disability discrimination lawsuit brought by federal officials. The U.S. Equal Employment Opportunity Commission (EEOC) reported that its lawsuit charged Greektown Casino LLC with unlawfully failing to provide a …
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Detroit’s Greektown Casino to Settle Disability Discrimination Suit for $140K was originally posted by ClaimsMate.com Insurance Information Resources

Winter Wildfires Scorch Western Oklahoma

Firefighters say wildfires have scorched hundreds of acres in western Oklahoma, damaging fences and equipment but causing no injuries. Capt. Forrest Valentine of the Clinton Fire Department said Sunday firefighters battled two large wildfires Saturday afternoon, including one north of …
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Winter Wildfires Scorch Western Oklahoma was originally posted by ClaimsMate.com Insurance Information Resources

McMillan Hired as Financial Controller at Insurance Alliance, POWERS Insurance

Sharon McMillan has been hired as financial controller for both Missouri-based Valley Insurance Agency Alliance (VIAA) and its sister company POWERS Insurance and Risk Management. McMillan will handle the planning, organization and management of the internal financial and human resources …
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McMillan Hired as Financial Controller at Insurance Alliance, POWERS Insurance was originally posted by ClaimsMate.com Insurance Information Resources

These insurance technologies will really sell policies in 2018

Here are three key areas for leaders in the insurance industry to apply a robust analytical approach to decision-making.
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These insurance technologies will really sell policies in 2018 was originally posted by ClaimsMate.com Insurance Information Resources

Provost of Arizona University Dealing with Gender Lawsuit

University of Arizona Provost Andrew Comrie is facing scrutiny following a $2 million federal lawsuit filed by former Dean Patricia MacCorquodale over gender discrimination. The Arizona Daily Star reports the lawsuit made public last week says Comrie perpetuated a sexist …
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Provost of Arizona University Dealing with Gender Lawsuit was originally posted by ClaimsMate.com Insurance Information Resources

More Cameras on California Mountain Peaks to Boost Fire Protection

San Diego County, Calif. authorities say new high-definition cameras will be installed on mountain peaks to bolster fire protection, and an existing computer network that links fire stations throughout the region will be upgraded. The Union-Tribune reports officials want to …
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More Cameras on California Mountain Peaks to Boost Fire Protection was originally posted by ClaimsMate.com Insurance Information Resources

Number of Securities Class Actions Up But Settlement Values Down

The number of class action lawsuits in the United States accusing companies of fraud and other securities law violations soared in 2017, topping one a day even as the value of settlements plunged, a study released on Monday shows. There …
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Number of Securities Class Actions Up But Settlement Values Down was originally posted by ClaimsMate.com Insurance Information Resources

Accidental Deaths in Pennsylvania Rose in 2016, Driven By Opioid Overdose

According to National Safety Council (NSC) analysis of federal data, 1,086 more Pennsylvanians died accidentally in 2016, an increase of 15 percent over 2015. Opioid overdose led to 78 percent of those deaths. This comes on the back of NSC …
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Accidental Deaths in Pennsylvania Rose in 2016, Driven By Opioid Overdose was originally posted by ClaimsMate.com Insurance Information Resources

AI and machine learning: What it is and isn't

AI and machine learning can help all professionals work smarter, not harder, as long as you understand its potential and limitations.
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AI and machine learning: What it is and isn't was originally posted by ClaimsMate.com Insurance Information Resources

AI and machine learning: What it is and isn't

AI and machine learning can help all professionals work smarter, not harder, as long as you understand its potential and limitations.
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AI and machine learning: What it is and isn't was originally posted by ClaimsMate.com Insurance Information Resources

Paragon in Connecticut Announces Equity Investment from EPIC and Oak Hill

Avon, Conn.-based Paragon Insurance Holdings LLC announced that Edgewood Partners Insurance Center and Oak Hill Capital Partners have taken an equity stake in the firm. Terms of the deal were not disclosed. The investment from EPIC and Oak Hill will …
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Paragon in Connecticut Announces Equity Investment from EPIC and Oak Hill was originally posted by ClaimsMate.com Insurance Information Resources

London Market’s Placing Platform Comes of Age, by Closing Complex Treaty Facility

The London market’s electronic placing platform was used to close the Aon Client Treaty facility for 2018, marking a milestone in the platform’s evolution. This is probably the largest and most complex transaction in the Lloyd’s market, said the board …
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London Market’s Placing Platform Comes of Age, by Closing Complex Treaty Facility was originally posted by ClaimsMate.com Insurance Information Resources

5 energy industry trends P&C insurers should know about

The energy industry continues to change.
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5 energy industry trends P&C insurers should know about was originally posted by ClaimsMate.com Insurance Information Resources

Smart strategies for effective crisis management

Even insurers need to prepare for their own company emergencies.
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Smart strategies for effective crisis management was originally posted by ClaimsMate.com Insurance Information Resources

Smart strategies for effective crisis management

Even insurers need to prepare for their own company emergencies.
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Smart strategies for effective crisis management was originally posted by ClaimsMate.com Insurance Information Resources

What are the top 10 risks to U.S. business in 2018?

Allianz’s Risk Barometer 2018 has been released, its annual survey of risk experts from 80 countries.
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What are the top 10 risks to U.S. business in 2018? was originally posted by ClaimsMate.com Insurance Information Resources

General Liability Underwriters to Play Vital Role in Drone Insurance: IUA Report

Traditional aviation insurance policies are unlikely to address all elements of emerging risks from the rapidly increasing use of drones, according to a report from the International Underwriting Association (IUA). As a result, general liability underwriters will have an important …
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General Liability Underwriters to Play Vital Role in Drone Insurance: IUA Report was originally posted by ClaimsMate.com Insurance Information Resources

P&C insurance industry's net income drops 30.3% in nine-months 2017

Private U.S. property & casualty insurers' net income after taxes, along with its overall profitability, dropped in nine-months 2017.
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P&C insurance industry's net income drops 30.3% in nine-months 2017 was originally posted by ClaimsMate.com Insurance Information Resources

P&C insurance industry's net income drops 30.3% in nine-months 2017

Private U.S. property & casualty insurers' net income after taxes, along with its overall profitability, dropped in nine-months 2017.
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P&C insurance industry's net income drops 30.3% in nine-months 2017 was originally posted by ClaimsMate.com Insurance Information Resources

California Commissioner Says Insurers Should Cover Mudslide if Fire Was Cause

California Insurance Commissioner Dave Jones today issued a formal notice to all property/casualty insurers reminding them of their duty to cover damages from the recent mudslide and debris flows if it is determined that the burning of hillsides and vegetation …
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California Commissioner Says Insurers Should Cover Mudslide if Fire Was Cause was originally posted by ClaimsMate.com Insurance Information Resources

Berkshire Hathaway GUARD Enters Personal Lines Segment

Berkshire Hathaway GUARD Insurance Companies is now offering homeowners and personal umbrella coverage in Pennsylvania. The product is available through the company’s platform with a target market of one- to four-family dwellings, renters, and condo units (both owner-occupied and those …
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Berkshire Hathaway GUARD Enters Personal Lines Segment was originally posted by ClaimsMate.com Insurance Information Resources

National Hurricane Center: Harvey’s Rains Make It Second-Costliest U.S. Hurricane

Record-breaking Hurricane Harvey became the second-costliest storm to hit the U.S. and dropped more rain than any other system ever. Harvey, the strongest hurricane to hit the U.S. since 2005, killed at least 103 people and caused an estimated $125 …
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National Hurricane Center: Harvey’s Rains Make It Second-Costliest U.S. Hurricane was originally posted by ClaimsMate.com Insurance Information Resources

Investigators Say Burning Candles Sparked Deadly New Jersey Apartment Fire

Investigators say some burning candles apparently sparked a deadly fire at an apartment complex in Princeton, N.J., last month. The Dec. 27 fire at the Griggs Farm community started in a bedroom in one of the units. The fast-moving fire …
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Investigators Say Burning Candles Sparked Deadly New Jersey Apartment Fire was originally posted by ClaimsMate.com Insurance Information Resources

Too Few Legal Pot Operators in California Concern for Those in Pipeline

Like many pot shops in California, the Urbn Leaf in San Diego bulked up its inventory before legal sales began on Jan. 1, stockpiling enough marijuana to last for months because no one knew what the era of legal pot …
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Too Few Legal Pot Operators in California Concern for Those in Pipeline was originally posted by ClaimsMate.com Insurance Information Resources

Seeman Holtz Acquires Arizona-based Xponent Employer Solutions

Seeman Holtz Property & Casualty Inc. has acquired Xponent Employer Solutions in Scottsdale, Ariz. Terms of the deal were not disclosed. Xponent helps clients reduce the costs associated with payroll, employee benefits, insurance services, and human resource management. The Seeman …
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Seeman Holtz Acquires Arizona-based Xponent Employer Solutions was originally posted by ClaimsMate.com Insurance Information Resources

Trump’s SEC Considering Shielding Companies from Investor Class Action Suits

In its determination to reverse a two-decade slump in U.S. stock listings, a regulator might offer companies an extreme incentive to go public: the ability to bar aggrieved shareholders from suing. The Securities and Exchange Commission in its long history …
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Trump’s SEC Considering Shielding Companies from Investor Class Action Suits was originally posted by ClaimsMate.com Insurance Information Resources

Eastern Insurance Acquires Massachusetts’ Southeastern Insurance Agency

Eastern Insurance Group LLC, a Natick, Mass.-headquartered, wholly-owned subsidiary of Eastern Bank, has acquired the assets of the Southeastern Insurance Agency Inc., a full-service insurance agency with locations in North Dartmouth and Hyannis, Mass. The deal is expected to provide …
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Eastern Insurance Acquires Massachusetts’ Southeastern Insurance Agency was originally posted by ClaimsMate.com Insurance Information Resources

Explosion at Refinery Operated by Taiwan Energy Firm CPC Hits Diesel Output

Taiwanese state-owned energy company CPC Corp. said diesel production would be hit at its refinery in the northwestern city of Taoyuan after an explosion at the site on Monday morning, but added that there were no reports of injury. The …
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Explosion at Refinery Operated by Taiwan Energy Firm CPC Hits Diesel Output was originally posted by ClaimsMate.com Insurance Information Resources

Capital Markets Still Keen on ILS Investments Despite 2017 Disaster Claims: WTW

The insurance linked securities (ILS) sector is set for another year of growth as the market recovers from 2017’s natural disasters, replaces lost capital and investors show mounting interest in ILS products. These are the findings of the latest quarterly …
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Capital Markets Still Keen on ILS Investments Despite 2017 Disaster Claims: WTW was originally posted by ClaimsMate.com Insurance Information Resources

Cybersecurity threats in the insurance industry

The failure to protect policyholder information is costing insurers millions in fines and other costs.
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Cybersecurity threats in the insurance industry was originally posted by ClaimsMate.com Insurance Information Resources

Cybersecurity threats in the insurance industry

The failure to protect policyholder information is costing insurers millions in fines and other costs.
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Cybersecurity threats in the insurance industry was originally posted by ClaimsMate.com Insurance Information Resources

Chubb Launches Agency Management & Agency Underwriting Unit in Singapore

Chubb announced the launch of a new Agency Management and Underwriting unit in Singapore. This dedicated unit will manage the strategic growth of the agency distribution channel as well as its specific underwriting and service needs. Two new appointments have …
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Chubb Launches Agency Management & Agency Underwriting Unit in Singapore was originally posted by ClaimsMate.com Insurance Information Resources

Filing a bad faith lawsuit against an insurer in Florida just got easier

Must a policyholder receive a final determination of coverage and damages before filing a bad faith claim against the insurer under Florida law?
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Filing a bad faith lawsuit against an insurer in Florida just got easier was originally posted by ClaimsMate.com Insurance Information Resources

Artex Risk Solutions Launches Singapore Office, Led by Pannuzzo from Aon

Bermuda-based Artex announced the creation of Artex Risk Solutions (Singapore) Pte Ltd., its first office in the region, which will oversee the growth and development of Artex’s Asia Pacific captive and risk solutions strategy. Vic Pannuzzo has been hired as …
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Artex Risk Solutions Launches Singapore Office, Led by Pannuzzo from Aon was originally posted by ClaimsMate.com Insurance Information Resources

PERILS Raises Insured Loss Estimate for Germany-Austria’s Cyclone Herwart

PERILS AG has raised the loss estimate for windstorm Herwart which hit Austria and Germany on Oct. 29, 2017 to €255 million ($316.9 million). This compares to the initial loss estimate of €252 million ($313.2 million) which was issued on …
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PERILS Raises Insured Loss Estimate for Germany-Austria’s Cyclone Herwart was originally posted by ClaimsMate.com Insurance Information Resources

Cannasure Hires Kieran O’Rourke as Director of Underwriting

Cannasure Insurance Services (Cannasure), a managing general agent and wholesale broker specializing in cannabis insurance, and based in Cleveland, Ohio, has hired Kieran O’Rourke to lead its MGA underwriting platform. O’Rouke has more than 20 years property/casualty underwriting and senior …
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Cannasure Hires Kieran O’Rourke as Director of Underwriting was originally posted by ClaimsMate.com Insurance Information Resources

Louisiana Insurance Dept. Helped Recover Additional $9.1M in Payouts in 2017

The Louisiana Department of Insurance (LDI) helped consumers collect $9.1 million in payouts in 2017 in addition to the original amounts offered by insurance companies, Insurance Commissioner Jim Donelon says. The LDI said its Office of Consumer Services reviews consumer …
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Louisiana Insurance Dept. Helped Recover Additional $9.1M in Payouts in 2017 was originally posted by ClaimsMate.com Insurance Information Resources

Michigan AG Investigating Who Knew What in Michigan State Sex Abuse Case

Michigan Attorney General Bill Schuette lashed out at Michigan State University on Jan. 27 for allowing Larry Nassar to sexually abuse girls and women for years, and he took a shot at the school’s governing body. “I don’t need advice …
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Michigan AG Investigating Who Knew What in Michigan State Sex Abuse Case was originally posted by ClaimsMate.com Insurance Information Resources

Foreclosure Fears Rise in Texas with Jump in Late Mortgages After Harvey

As Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: “I don’t know.” …
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Foreclosure Fears Rise in Texas with Jump in Late Mortgages After Harvey was originally posted by ClaimsMate.com Insurance Information Resources

InterWest Insurance Services Opens New California Office

InterWest Insurance Services has opened a new office in Windsor, Calif. The commercial brokers affiliated with Windsor are Mike Feeney, Garrett Yates, Chip Arenchild and Mike Ryan. The employee benefits brokers are Sama Hershey Davis and Victor McKnight. Their primary …
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InterWest Insurance Services Opens New California Office was originally posted by ClaimsMate.com Insurance Information Resources

IBHS in Florida Announces Leadership Changes, Focus for 2018

The Insurance Institute for Business & Home Safety (IBHS), headquartered in Tampa, Fla., has promoted Anne D. Cope, Ph.D., P.E., to senior vice president of Research and chief engineer. Cope has assumed leadership of IBHS’ multimillion-dollar research agenda to make …
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IBHS in Florida Announces Leadership Changes, Focus for 2018 was originally posted by ClaimsMate.com Insurance Information Resources

Hartford Steam Boiler Launches HSB Cyber Suite for Mid-Sized Businesses

Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced HSB Cyber Suite, a comprehensive cyber insurance coverage designed for small to mid-sized businesses and other organizations. Because there are multiple types of cyber risks, HSB …
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Hartford Steam Boiler Launches HSB Cyber Suite for Mid-Sized Businesses was originally posted by ClaimsMate.com Insurance Information Resources

Arkansas Hires 5 Law Firms to Help with Opioid Abuse Probe

Arkansas’ attorney general has retained five law firms to help investigate drug companies and prepare for potential legal action over their role in the state’s opioid abuse problem. Attorney General Leslie Rutledge said she retained Dover Dixon Horne PLLC in …
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Arkansas Hires 5 Law Firms to Help with Opioid Abuse Probe was originally posted by ClaimsMate.com Insurance Information Resources

West, Texas, Accepts $10.4M Settlement in 2013 Fertilizer Plant Blast Suit

A Central Texas town devastated by a 2013 fertilizer plant explosion that killed 15 people, many of them emergency personnel, has reached a settlement of its lawsuit for damages caused by the blast. The city council in West this week …
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West, Texas, Accepts $10.4M Settlement in 2013 Fertilizer Plant Blast Suit was originally posted by ClaimsMate.com Insurance Information Resources

Lloyd's of London CEO seeing 100% growth in some Asian markets

Growing economies are fueling demand for cover from the region’s four billion people.
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Lloyd's of London CEO seeing 100% growth in some Asian markets was originally posted by ClaimsMate.com Insurance Information Resources

Light Quake Hit Southern California, USGS Confirms

A light earthquake has shaken Southern California, the United States Geological Survey has confirmed. Authorities say there have been no reports of damage or injury. The USGS reports that the quake with a preliminary magnitude of 4.0 occurred just after …
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Light Quake Hit Southern California, USGS Confirms was originally posted by ClaimsMate.com Insurance Information Resources

Some California Mudslide Victims Returning to Homes as Evacuation Orders Begin to Lift

Authorities are allowing some Montecito residents to return home, two weeks after mudslides ravaged the Southern California community and killed at least 21 people. Santa Barbara County spokeswoman Gina DePinto says mandatory and voluntary evacuations for about 1,000 households were …
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Some California Mudslide Victims Returning to Homes as Evacuation Orders Begin to Lift was originally posted by ClaimsMate.com Insurance Information Resources

Engineer in Fatal Washington Train Crash Didn’t Know Curve Was Ahead

The engineer controlling an Amtrak train that derailed in Washington state in December, killing three people, told investigators he didn’t realize he was coming up on a curve until it was too late. The National Transportation Safety Board on Thursday …
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Engineer in Fatal Washington Train Crash Didn’t Know Curve Was Ahead was originally posted by ClaimsMate.com Insurance Information Resources

Aspen Announces Cohen to Lead Insurance Unit, Succeeding Postlewhite

Aspen announced that David Cohen, president and chief underwriting officer of Aspen Insurance, will lead the day-to-day management of the Insurance business, reporting to group chief executive officer, Chris O’Kane. “David joined Aspen in November 2015. Since his arrival, he …
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Aspen Announces Cohen to Lead Insurance Unit, Succeeding Postlewhite was originally posted by ClaimsMate.com Insurance Information Resources

AXA Insurance Chief Warns of ‘Uninsurable Basements’ from New York to Mumbai

Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe’s largest insurers said. “If you go much further to 2020, 2030, we can …
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AXA Insurance Chief Warns of ‘Uninsurable Basements’ from New York to Mumbai was originally posted by ClaimsMate.com Insurance Information Resources

Justice Department Seeks Dismissals of ‘Meritless’ Whistleblower Suits

The U.S. Justice Department has issued a memo that lawyers say could result in fewer whistleblowers being allowed to pursue lawsuits on the agency’s behalf against companies accused of defrauding the government. The Jan. 10 memo, reviewed by Reuters, advised …
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Justice Department Seeks Dismissals of ‘Meritless’ Whistleblower Suits was originally posted by ClaimsMate.com Insurance Information Resources

CNA Makes 3 Commercial Insurance Appointments

CNA announced three leadership appointments within the company’s Commercial Insurance organization. Michael Kirchgessner has been appointed to senior vice president, Underwriting for Large/Complex Casualty business. In this role, Kirchgessner will be responsible for implementing underwriting strategies for CNA’s Large/Complex Casualty …
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CNA Makes 3 Commercial Insurance Appointments was originally posted by ClaimsMate.com Insurance Information Resources

Police: Famous Italian Restaurant in New Jersey Suffered Fire Damage

Firefighters say a near-century-old New Jersey Italian restaurant suffered damage in an afternoon fire. Freehold fire officials say Federici’s Family Restaurant suffered smoke and water damage after a fire broke out in the wall of the restaurant Wednesday. Firefighters were …
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Police: Famous Italian Restaurant in New Jersey Suffered Fire Damage was originally posted by ClaimsMate.com Insurance Information Resources

Casino Backers Sue Maine Commission Over $500K Fine

The backers of a failed multimillion-dollar campaign to build a third casino in Maine are suing the state ethics commission over a $500,000 fine. The Portland Press Herald reports casino entrepreneur Shawn Scott’s sister, Lisa Scott, filed the suit Monday …
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Casino Backers Sue Maine Commission Over $500K Fine was originally posted by ClaimsMate.com Insurance Information Resources

Alliant Hires Reisler as Vice President in New Jersey Office

Alliant is continuing to expand its presence on the East coast with its recent hiring of Steve Reisler as vice president. Reisler will be based in the Fair Haven, N.J., office of Alliant within the company’s Alliant Americas division. In …
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Alliant Hires Reisler as Vice President in New Jersey Office was originally posted by ClaimsMate.com Insurance Information Resources

The 10 law firms most used by insurance and finance companies

While companies in the insurance and finance sectors continued to turn in-house to get legal work done, they certainly kept law firms busy as well.
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The 10 law firms most used by insurance and finance companies was originally posted by ClaimsMate.com Insurance Information Resources

The 10 law firms most used by insurance and finance companies

While companies in the insurance and finance sectors continued to turn in-house to get legal work done, they certainly kept law firms busy as well.
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The 10 law firms most used by insurance and finance companies was originally posted by ClaimsMate.com Insurance Information Resources

Disruption, collaboration and leadership: What football can teach the insurance industry

Disruption and change, whether major or minor, are a fact of life, and that those who succeed will manage the change, not let the change manage them.
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Disruption, collaboration and leadership: What football can teach the insurance industry was originally posted by ClaimsMate.com Insurance Information Resources

Disruption, collaboration and leadership: What football can teach the insurance industry

Disruption and change, whether major or minor, are a fact of life, and that those who succeed will manage the change, not let the change manage them.
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Disruption, collaboration and leadership: What football can teach the insurance industry was originally posted by ClaimsMate.com Insurance Information Resources

Bermuda’s Re/Insurance Model to Be Tested Following U.S. Tax Cuts: Fitch

The Bermuda re/insurance model will be tested following U.S. tax forms and the continuing challenges of competitive market conditions, according to a report by Fitch Ratings. The cut in the U.S. corporate tax rate to 21 percent from 35 percent …
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Bermuda’s Re/Insurance Model to Be Tested Following U.S. Tax Cuts: Fitch was originally posted by ClaimsMate.com Insurance Information Resources

Top 10 Employment Discrimination Charges in 2017

A total of 84,254 workplace discrimination charges were filed with the Equal Employment Opportunity Commission (EEOC) nationwide during fiscal year (FY) 2017, according to the federal agency. The EEOC said it secured $398 million for victims in the private sector …
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Top 10 Employment Discrimination Charges in 2017 was originally posted by ClaimsMate.com Insurance Information Resources

Marriott Sued Over Florida Hotel Valet Giving $300K Ferrari to Wrong Owner

The owner of a $300,000 Ferrari is suing Marriott International, saying a hotel valet gave his keys to a young man who was trying to impress a woman he just met. The Tampa Bay Times reports that 73-year-old attorney James …
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Marriott Sued Over Florida Hotel Valet Giving $300K Ferrari to Wrong Owner was originally posted by ClaimsMate.com Insurance Information Resources

West Virginia Man Sentenced to Nearly 2 Years for Filing $354K in Fraudulent Claims

A West Virginia man has been sentenced to one year and nine months in federal prison for filing false insurance claims totaling more than $354,000. Thirty-six-year-old Daniel Lichtman of Kearneysville was sentenced for mail fraud Tuesday in federal court in …
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West Virginia Man Sentenced to Nearly 2 Years for Filing $354K in Fraudulent Claims was originally posted by ClaimsMate.com Insurance Information Resources

Mississippi Insurance Commissioner Backs Bill to Increase Authority Over Wind Pool

Mississippi’s insurance commissioner is pushing a bill to strip a tax subsidy and authority from the state’s insurer of last resort for hurricane-prone coastal residents. Commissioner Mike Chaney says the Mississippi Windstorm Underwriting Association, known as the “wind pool,” spends …
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Mississippi Insurance Commissioner Backs Bill to Increase Authority Over Wind Pool was originally posted by ClaimsMate.com Insurance Information Resources

CoreLogic releases annual Natural Hazard Risk report for 2017

CoreLogic's 2017 Natural Hazard Risk report evaluates all of the year's natural disasters, their financial implications, and what they mean for 2018.
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CoreLogic releases annual Natural Hazard Risk report for 2017 was originally posted by ClaimsMate.com Insurance Information Resources

CoreLogic releases annual Natural Hazard Risk report for 2017

CoreLogic's 2017 Natural Hazard Risk report evaluates all of the year's natural disasters, their financial implications, and what they mean for 2018.
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CoreLogic releases annual Natural Hazard Risk report for 2017 was originally posted by ClaimsMate.com Insurance Information Resources

Harvey's 5 feet of rain make it second-costliest U.S. hurricane

Record-breaking Hurricane Harvey became the second-costliest storm to hit the U.S. and dropped more rain than any other system ever.
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Harvey's 5 feet of rain make it second-costliest U.S. hurricane was originally posted by ClaimsMate.com Insurance Information Resources

Harvey's 5 feet of rain make it second-costliest U.S. hurricane

Record-breaking Hurricane Harvey became the second-costliest storm to hit the U.S. and dropped more rain than any other system ever.
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Harvey's 5 feet of rain make it second-costliest U.S. hurricane was originally posted by ClaimsMate.com Insurance Information Resources

California-based Law Firm Representing Insurers Takes ‘Solution-Oriented’ Approach

It’s no coincidence that the word “solutions” is included in the name of a new law firm representing insurers that recently launched in California. Woods Group Solutions, headquartered in Sonoma, Calif., began operations on Jan. 1 with a focus on …
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California-based Law Firm Representing Insurers Takes ‘Solution-Oriented’ Approach was originally posted by ClaimsMate.com Insurance Information Resources

MetLife wins epic battle with federal regulators

A battle that led to a realignment of a major U.S. corporation ends with a two-sentence order.
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MetLife wins epic battle with federal regulators was originally posted by ClaimsMate.com Insurance Information Resources

MetLife wins epic battle with federal regulators

A battle that led to a realignment of a major U.S. corporation ends with a two-sentence order.
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MetLife wins epic battle with federal regulators was originally posted by ClaimsMate.com Insurance Information Resources

Price tag for 2017 natural disasters could reach $353 billion

Fresh reporting from Aon Benfield pegs 2017 as the costliest year on record for weather disasters, with the tally for losses and recovery reaching $353 billion.
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Price tag for 2017 natural disasters could reach $353 billion was originally posted by ClaimsMate.com Insurance Information Resources

Price tag for 2017 natural disasters could reach $353 billion

Fresh reporting from Aon Benfield pegs 2017 as the costliest year on record for weather disasters, with the tally for losses and recovery reaching $353 billion.
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Price tag for 2017 natural disasters could reach $353 billion was originally posted by ClaimsMate.com Insurance Information Resources

Iowa School District Settles Wrongful Termination Suit for nearly $1M

School officials in central Iowa have reached a nearly $1 million settlement with a former employee who alleged he was wrongfully fired after reporting improper conduct by a high-ranking district officer. The Waukee Board of Education unanimously approved the settlement …
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Iowa School District Settles Wrongful Termination Suit for nearly $1M was originally posted by ClaimsMate.com Insurance Information Resources

Test Finds Possibility of Legionella Bacteria at Illinois Capitol Complex

Preliminary test results show the possible presence of Legionella bacteria in the Illinois Capitol Complex’s hot water system and officials have removed aerators and shut off the showers to reduce the possibility of infection. Officials said Jan. 22 they’re not …
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Test Finds Possibility of Legionella Bacteria at Illinois Capitol Complex was originally posted by ClaimsMate.com Insurance Information Resources

Telematics-Based Insurance Policies in UK Rise 30% to 975,000 in 2017: BIBA

The number of live telematics-based policies reached almost one million – standing at 975,000 in 2017, according to the British Insurance Brokers’ Association (BIBA). The BIBA survey includes information from the leading telematics brands in the UK to determine the …
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Telematics-Based Insurance Policies in UK Rise 30% to 975,000 in 2017: BIBA was originally posted by ClaimsMate.com Insurance Information Resources

MGA Ascent Underwriting Acquired by Preservation Capital Partners

Private equity firm Preservation Capital Partners has completed its acquisition of Ascent Underwriting, the London-based cyber and specialty lines MGA, after obtaining UK regulatory approval. Ascent’s management team will retain a significant shareholding in the company and will continue to …
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MGA Ascent Underwriting Acquired by Preservation Capital Partners was originally posted by ClaimsMate.com Insurance Information Resources

Conflicting California Mudslide Warnings Were Issued, Report Shows

In the days before mudslides devastated California neighborhoods, officials released conflicting evacuation orders that left some hard-hit neighborhoods out of the warning zone, a newspaper reported. The Santa Barbara County Sheriff’s Office had posted on its website and on Facebook …
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Conflicting California Mudslide Warnings Were Issued, Report Shows was originally posted by ClaimsMate.com Insurance Information Resources

Fred C. Church Adds Vermeal in Outdoor and Adventure Practice

Fred C. Church has added Mark Vermeal to its outdoor-focused risk advisory and insurance practice. Vermeal will open an office in Golden, Colo. will become the senior risk management and safety advisor for the newly launched outdoor and adventure practice. …
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Fred C. Church Adds Vermeal in Outdoor and Adventure Practice was originally posted by ClaimsMate.com Insurance Information Resources

California Sues Trump Administration Fracking Rule Repeal

California on Wednesday sued the Trump administration over its repeal of Obama-era rules meant to address public safety concerns on hydraulic fracturing, the process known as fracking that is used to extract oil and natural gas, on federal lands. The …
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California Sues Trump Administration Fracking Rule Repeal was originally posted by ClaimsMate.com Insurance Information Resources