Article 0 Comments The Texas grid operator is seeking to secure an extra 3,000 megawatts of power reserves this winter to avoid an “unacceptable” risk of an emergency in extreme conditions. The Electric Reliability Council of Texas estimates that there is an almost 20% probability that the state grid...
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Published on: 2023-10-03
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News – Claims Journal
Article 0 Comments SAN JUAN, Puerto Rico (AP) — Tropical Storm Philippe is threatening to unleash heavy rains and flash flooding in the northeastern Caribbean on Monday before eventually spinning north into the open Atlantic, where it could strengthen into a hurricane around midweek, forecasters say. The storm was...
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Published on: 2023-10-03
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News – Claims Journal
Article 0 Comments PALEMBANG, Indonesia (AP) — More than 300 forest and peatland fires on Indonesia`s Sumatra island caused hazy skies across the region on Monday, prompting government officials to ask people to work from home. The military, police and local government were working together to extinguish the fires,...
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Published on: 2023-10-03
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News – Claims Journal
Insurers' private equity investment growth slowed to a crawl in 2022 | Insurance Business America Insurance News Insurers' private equity investment growth slowed to a crawl in 2022 Sector only recorded a single-digit rise last year Insurance News...
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Published on: 2023-10-03
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Insurance Business Magazine
NSM swoops for Florida travel insurance provider | Insurance Business America Insurance News NSM swoops for Florida travel insurance provider Acquired agency provides coverage for international students Insurance News By Ryan Smith Oct...
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Published on: 2023-10-03
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Insurance Business Magazine
AI insurance agents? No thanks, consumers say | Insurance Business America Technology AI insurance agents? No thanks, consumers say Americans are overwhelmingly uncomfortable with the thought of dealing with AI insurance agents, according to a new survey Technology...
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Published on: 2023-10-03
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Insurance Business Magazine
Electric vehicle adoption in the US – what does it mean for insurers? | Insurance Business America Motor & Fleet Electric vehicle adoption in the US – what does it mean for insurers? Trade body shares insights for insurers as more drivers turn to clean energy...
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Published on: 2023-10-03
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Insurance Business Magazine
Denise Garth // October 2, 2023 (Image credit: Julian Jagtenberg/Pexels.) In August and September, auto manufacturers traditionally begin selling the next year’s models. The practice started in 1936 when Franklin Delano Roosevelt asked auto manufacturers to adjust their annual factory retooling schedule to keep auto workers working during the...
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Published on: 2023-10-02
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Insurance Journal
Article 0 Comments A California federal judge has ruled that a group of people who own cars made by Tesla Inc TSLA.O must pursue claims that the company misled the public about its autopilot features in individual arbitration rather than court. The ruling marks a significant victory for Tesla,...
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Published on: 2023-10-02
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News – Claims Journal
Article 0 Comments Hours before devastating fires scorched the historic town of Lahaina on Maui, Kyle Ellison labored to save his rental house in Kula, a rural mountain town 24 miles away, from a different blaze. As high winds whipped burning trees and grass, Ellison and his landlord struggled...
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Published on: 2023-10-02
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News – Claims Journal
Article 0 Comments NEW YORK (AP) — New York City began drying out Saturday after being soaked by one of its wettest days in decades, as city dwellers dried out basements and traffic resumed on highways, railways and airports that were temporarily shuttered by Friday`s severe rainfall. While the...
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Published on: 2023-10-02
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News – Claims Journal
Anthony R. O’Donnell // October 2, 2023 (Image source: Glia DCS video.) Glia (New York), the customer interaction vendor that vaunts its combination of Digital Customer Service (DCS), phone, and automated self-service on a single platform, has partnered with Insurity (Hartford), a provider of cloud-based software for insurance carriers, brokers and MGAs....
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Published on: 2023-10-02
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Insurance Journal
AIG taps new general counsel | Insurance Business America Insurance News AIG taps new general counsel Veteran GC will step into the role in December Insurance News By Ryan Smith Oct 02, 2023...
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Published on: 2023-10-02
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Insurance Business Magazine
Article 0 Comments Additional arrests are expected after a 41-year-old south Florida claims adjuster was charged this week in an elaborate scheme that allegedly rang up more than $11 million in fraudulent insurance payments to hundreds of co-conspirators. Florida’s Department of Financial Services said its investigation found that from...
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Published on: 2023-09-29
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News – Claims Journal
Significant flood insurance consequences in event of government shutdown | Insurance Business America Catastrophe & Flood Significant flood insurance consequences in event of government shutdown Property sales and claims funding could be in jeopardy, but private market on hand ...
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Published on: 2023-09-29
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Insurance Business Magazine
Article 0 Comments ALPINE, Ore. (AP) — The U.S. West Coast produces over 90% of America`s wine, but the region is also prone to wildfires — a combustible combination that spelled disaster for the industry in 2020 and one that scientists are scrambling to neutralize. Sample a good wine...
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Published on: 2023-09-29
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News – Claims Journal
Pilot Error, Training Issues Were Factors in Alaska Crash that Killed Czech Billionaire, Report Says
Article 0 Comments JUNEAU, Alaska (AP) — The probable cause of a heli-skiing crash in Alaska in 2021 that killed a Czech billionaire and four others was a failure by the pilot to adequately respond to whiteout conditions, a federal accident report released Wednesday concluded. The report from the...
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Published on: 2023-09-29
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News – Claims Journal
How one broker is making lemonade out of property insurance disruption | Insurance Business America Property How one broker is making lemonade out of property insurance disruption It's looking to rev up growth in California Property ...
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Published on: 2023-09-29
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Insurance Business Magazine
US auto insurers faced with soaring liability claim payouts – report | Insurance Business America Motor & Fleet US auto insurers faced with soaring liability claim payouts – report Inflation causing significant pressure to sector Motor & Fleet...
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Published on: 2023-09-29
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Insurance Business Magazine
“That’s why the relationship with Higginbotham was such an obvious choice,” he said. “When we learned about their values and their culture, it was a perfect fit. They’re also bringing in terrific opportunities for our team, as well as training, education and wellness programs. And they’re employee-owned, so our employees...
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Published on: 2023-09-29
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Insurance Business Magazine
New chairman joins BMS Group | Insurance Business America Insurance News New chairman joins BMS Group Investment completion also announced Insurance News By Terry Gangcuangco Sep 29, 2023 Share ...
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Published on: 2023-09-29
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Insurance Business Magazine
Is the offshore wind industry growing too quickly to keep up with the risks? | Insurance Business America Insurance News Is the offshore wind industry growing too quickly to keep up with the risks? The speed of innovation and build-out is opening more exposures ...
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Published on: 2023-09-28
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Insurance Business Magazine
Article 0 Comments A Pennsylvania firm that organized a three-day musical festival for its owner’s 80th birthday at the Italian residence of musician Sting is suing its insurer seeking payment under an event cancellation policy. Wingstone Investment Holdings and its sole owner Loralee West sued Houston Casualty Co. claiming...
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Published on: 2023-09-28
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News – Claims Journal
Article 0 Comments MOSUL, Iraq (AP) — As they watched the bride and groom start their slow dance, Faten Youssef imagined the future wedding of her son, seated next to her at a reception table. Within moments, however, disaster struck when an inferno erupted that would leave nearly 100...
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Published on: 2023-09-28
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News – Claims Journal
Article 0 Comments Melted remains of an old car tire. Heavily burned trees. A charred stump of an abandoned utility pole. Investigators are examining these and other pieces of evidence as they seek to solve the mystery of last month’s deadly Maui wildfire: How did a small, wind- whipped...
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Published on: 2023-09-28
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News – Claims Journal
Anthony R. O’Donnell // September 28, 2023 (Image source: Mylo and Gainbridge.) Mylo (Kansas City, Mo.) and Gainbridge (Zionsville, Ind.) have announced the launch of Gainbridge Protect, which will embed Mylo’s guided auto and home insurance shopping experience into the Gainbridge platform. Gainbridge, a Group 1001 company, is a...
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Published on: 2023-09-28
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Insurance Journal
Anthony R. O’Donnell // September 28, 2023 (Image source: Heritage Insurance homepage.) Heritage Insurance Company (Tampa, Fla.) has deployed Guidewire Software’s (San Mateo, Calif.) Guidewire ClaimCenter on Guidewire Cloud to power claims operations, adapt to changing market demands, and deliver value to its agents and policyholders, according to a joint statement. The companies...
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Published on: 2023-09-28
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Insurance Journal
Government shutdown won't stop Neptune Flood | Insurance Business America Catastrophe & Flood Government shutdown won't stop Neptune Flood Company says it will continue writing policies if government shuts down Catastrophe & Flood By Ryan...
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Published on: 2023-09-28
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Insurance Business Magazine
McGill and Partners reveals collaboration for offshore wind catastrophe models | Insurance Business America Catastrophe & Flood McGill and Partners reveals collaboration for offshore wind catastrophe models Initial models cover five risk-prone areas across the world Catastrophe &...
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Published on: 2023-09-27
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Insurance Business Magazine
Article 0 Comments WASHINGTON –– Hyundai and Kia are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires, telling owners to park outside and away from structures until repairs are complete. The automakers say internal brake fluid leaks can cause an...
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Published on: 2023-09-27
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News – Claims Journal
Article 0 Comments Universal Property & Casualty Insurance Co. will have to go back to court to show how an insured’s roof expert was in error when he used questionable data and failed to inspect the claimed damage before a south Florida home was reroofed. The case is another...
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Published on: 2023-09-27
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News – Claims Journal
Article 0 Comments BUDAPEST, Hungary (AP) — The captain of a river cruise boat that collided with another vessel in Hungary`s capital in 2019, killing at least 27 people who were mostly tourists from South Korea, was found guilty on Tuesday of negligence leading to a fatal mass catastrophe...
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Published on: 2023-09-27
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News – Claims Journal
Addressing wildfire risk necessitates new approaches | Insurance Business America Catastrophe & Flood Addressing wildfire risk necessitates new approaches Joint commission's report sheds light on possible solutions to worsening issue Catastrophe & Flood By Kenneth...
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Published on: 2023-09-27
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Insurance Business Magazine
Miller to offer full war risks cover for Ukrainian grain shipping | Insurance Business America Marine Miller to offer full war risks cover for Ukrainian grain shipping Marine insurance solution made possible by tapping tech firm partner Marine...
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Published on: 2023-09-27
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Insurance Business Magazine
Article 0 Comments TAIPEI, Taiwan (AP) — Taiwan authorities fined a golf ball manufacturer 2.4 million New Taiwan dollars ($75,000) on Monday and warned of criminal charges for storing 30 times the legal limit of hazardous material and other violations after a major factory fire killed nine people and...
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Published on: 2023-09-26
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News – Claims Journal
Article 0 Comments CAIRO (AP) — Libya’s chief prosecutor said Monday he ordered the detention of eight current and former officials pending his investigation into the collapse of two dams earlier this month, a disaster that sent a wall of water several meters high through the center of a...
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Published on: 2023-09-26
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News – Claims Journal
Article 0 Comments ATLANTA (AP) — Randal Quran Reid was driving to his mother`s home the day after Thanksgiving last year when police pulled him over and arrested him on the side of a busy Georgia interstate. He was wanted for crimes in Louisiana, they told him, before taking...
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Published on: 2023-09-26
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News – Claims Journal
Article 0 Comments Anyone looking for a beautiful photograph of a desert landscape can find many choices from Getty Images, the stock photography collection. But say you`re instead looking for a wide angle shot of a “hot pink plastic saguaro cactus with large arms that stick out, surrounded by...
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Published on: 2023-09-26
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News – Claims Journal
California’s insurance strategy ‘long on hope, short on details’ | Insurance Business America Property California’s insurance strategy ‘long on hope, short on details’ Brokers and agents air concerns and questions over plans to stabilize the market Property ...
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Published on: 2023-09-26
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Insurance Business Magazine
US P&C market headed for a stronger 2024 | Insurance Business America Property US P&C market headed for a stronger 2024 Two factors expected to drive the growth Property By Kenneth Araullo Sep...
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Published on: 2023-09-26
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Insurance Business Magazine
California insurers still under pressure due to wildfire claims – report | Insurance Business America Property California insurers still under pressure due to wildfire claims – report Report reveals what's impacting carriers Property By Jonalyn...
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Published on: 2023-09-26
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Insurance Business Magazine
Article 0 Comments A federal judge rejected a request by McClenny Moseley & Associates to claim an interest in legal fees and expenses from a hurricane damage lawsuit, saying the law firm obtained its clients illegally by using a “modern day case runner.” Insurance defense attorney Steve Badger, a...
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Published on: 2023-09-26
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News – Claims Journal
Article 0 Comments SACRAMENTO, Calif. (AP) — California will let insurance companies consider climate change when setting their prices, the state`s chief regulator announced Thursday, a move aimed at preventing insurers from fleeing the state over fears of massive losses from wildfires and other natural disasters. Unlike other states,...
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Published on: 2023-09-25
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News – Claims Journal
Article 0 Comments TAIPEI, Taiwan (AP) — Search teams found the bodies of the last three missing people on Sunday at the site of a golf ball factory fire in southern Taiwan, bringing the death toll to 10, according to Taiwanese media reports. Launch Technologies, the operator of the...
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Published on: 2023-09-25
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News – Claims Journal
Article 0 Comments LONDON (AP) — Wildfires fueled by climate change have ravaged communities from Maui to the Mediterranean this summer, killing many people, exhausting firefighters and fueling demand for new solutions. Enter artificial intelligence. Firefighters and startups are using AI-enabled cameras to scan the horizon for signs of...
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Published on: 2023-09-25
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News – Claims Journal
Article 0 Comments HONOLULU (AP) — Residents who survived the wildfire that leveled the Hawaii town of Lahaina might not be able to afford to live there after it is rebuilt unless officials alter the zoning laws and make other changes, economists warned Friday. “The risk is very real,”...
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Published on: 2023-09-25
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News – Claims Journal
Article 0 Comments HOUSTON (AP) — The family of a Black high school student in Texas who was suspended over his dreadlocks filed a federal civil rights lawsuit Saturday against the state`s governor and attorney general, alleging they failed to enforce a new law outlawing discrimination based on hairstyles....
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Published on: 2023-09-25
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News – Claims Journal
Article 0 Comments After being downgraded from a tropical storm, Ophelia on Sunday still posed a risk of coastal flooding and heavy rains from Washington, D.C. to New York City, with coastal flood warnings remaining in effect for parts of the Mid-Atlantic region, the U.S. National Hurricane Center said....
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Published on: 2023-09-25
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News – Claims Journal
Anthony R. O’Donnell // September 25, 2023 (Image credit: Darrien Staton/Unsplash.) RLI, a Peoria, Ill.-based specialty property/casualty insurer, implemented Guidewire Software’s (San Mateo, Calif.) Guidewire ClaimCenter on Guidewire Cloud to power its claim operations and enhance the claim experience for agents and policyholders. The company implemented ClaimCenter onto Guidewire Cloud simultaneously for all...
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Published on: 2023-09-25
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Insurance Journal
Insurers’ role, essential to addressing impacts of climate change - APCIA | Insurance Business America Insurance News Insurers’ role, essential to addressing impacts of climate change - APCIA They can have a massive impact on achieving a net-zero economy ...
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Published on: 2023-09-25
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Insurance Business Magazine
Article 0 Comments ST. PETERSBURG, Fla. (AP) — Florida agriculture losses from Hurricane Idalia are estimated at between $78 million and $371 million, with producers also suffering widespread damage to such infrastructure as irrigation rigs and fences, according to a preliminary report Thursday from the University of Florida. The...
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Published on: 2023-09-22
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News – Claims Journal
Article 0 Comments President Joe Biden ordered federal agencies to continue holding Norfolk Southern accountable for its February derailment in eastern Ohio and appoint a FEMA official to oversee East Palestine`s recovery, but he still stopped short of declaring a disaster. Biden issued the executive order Wednesday evening. Part...
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Published on: 2023-09-22
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News – Claims Journal
AIG names new chief marketing & communications officer | Insurance Business America Insurance News AIG names new chief marketing & communications officer He will be in charge of the company's corporate reputation Insurance News By...
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Published on: 2023-09-22
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Insurance Business Magazine
California unveils landmark sustainable insurance strategy | Insurance Business America Property California unveils landmark sustainable insurance strategy It's the largest package of reforms in nearly 35 years Property By Gia Snape Sep 22,...
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Published on: 2023-09-22
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Insurance Business Magazine
Generative AI triggers 'quantum leap' in insurance technology innovation | Insurance Business America Technology Generative AI triggers 'quantum leap' in insurance technology innovation VP on the new driving force for insurtechs and what the future of AI application looks like ...
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Published on: 2023-09-22
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Insurance Business Magazine
Exploring cyber claims trends in the first half of the year | Insurance Business America Cyber Exploring cyber claims trends in the first half of the year What's behind the spikes within the segment? Cyber ...
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Published on: 2023-09-22
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Insurance Business Magazine
Revealed - the prominent risks and trends in the offshore wind segment | Insurance Business America Risk Management News Revealed - the prominent risks and trends in the offshore wind segment Natural catastrophe threats on the rise as segment continues to expand ...
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Published on: 2023-09-21
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Insurance Business Magazine
Article 0 Comments AstraZeneca Pharmaceuticals LP has been sued in the U.S. by a former senior director who claims the drugmaker refused to pay her nearly $130,000 in promised bonuses and stock options because she worked from home full-time. Elmarie Bodes, who was AstraZeneca’s senior director of business transformation...
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Published on: 2023-09-21
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News – Claims Journal
Article 0 Comments A trade group for U.S. authors has sued OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picoult and “Game of Thrones” novelist George R.R. Martin, accusing the company of unlawfully training its popular artificial-intelligence based chatbot...
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Published on: 2023-09-21
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News – Claims Journal
Article 0 Comments NEW YORK (AP) — A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says. A report from First Street Foundation...
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Published on: 2023-09-21
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News – Claims Journal
Anthony R. O’Donnell // September 21, 2023 (Image source: Openly homepage.) Openly (Boston), a premium homeowners insurance provider, has announced that it has raised $100 million in Series D funding. The round was led by Eden Global Partners (New York), a financial institution specializing in providing long term capital solutions...
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Published on: 2023-09-21
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Insurance Journal
Article 0 Comments Cyberattacks on MGM Resorts International and Caesars Entertainment last week show that ransomware gangs continue to be a major threat and are using more sophisticated strategies to break into private computer networks. GuyCarpenter reported Wednesday that a cybercrime group called Scattered Spider, an affiliate of the...
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Published on: 2023-09-21
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News – Claims Journal
Article 0 Comments Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive wildfire destruction in Oregon. The largest grid operator in the western US faces the risk that it will have to pay billions of dollars in damages...
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Published on: 2023-09-20
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News – Claims Journal
Article 0 Comments When the wording of insurance policies conflict with each other and can’t be reconciled, insurers must share defense expenses, a federal appeals court said in a case that stemmed from lawsuits against school personnel. “The district court concluded that the parties’ conflicting ‘other insurance’ clauses couldn’t...
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Published on: 2023-09-20
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News – Claims Journal
Article 0 Comments COLQUITT, Ga. (AP) — The death of a worker who suffocated in a Georgia grain silo could have been prevented had their employer not violated safety regulations, federal officials say. That finding results from a U.S. Department of Labor Occupational Safety and Health Administration investigation into...
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Published on: 2023-09-20
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News – Claims Journal
Hard property market spells 'turbulent times' for cannabis insurance | Insurance Business America Cannabis Hard property market spells 'turbulent times' for cannabis insurance Regulation also posing a barrier Cannabis By Gia Snape Sep...
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Published on: 2023-09-20
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Insurance Business Magazine
Insurers' home insurance exodus – what does it mean for the market? | Insurance Business America Property Insurers' home insurance exodus – what does it mean for the market? Industry data highlights the need to understand impact on consumer perception ...
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Published on: 2023-09-20
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Insurance Business Magazine
Article 0 Comments Venbrook Appoints Chief Claims Officer Louis Pippin Venbrook Group LLC, a national insurance brokerage and claims management services provider, has appointed Louis Pippin as chief claims officer. Pippin will lead the company’s third-party administration and independent claims adjusting business for the Los Angeles-based company. Pippin was...
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Published on: 2023-09-20
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News – Claims Journal
Generative AI has captured the collective imagination of the world for its ability to produce refined data, drastically simplify workflows and enable quicker turnaround times. For a landscape that has traditionally used human-centric manual methods of underwriting, claims processing, and customer service, the insurance industry is being presented with a...
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Published on: 2023-09-19
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Insurance Business Magazine
Article 0 Comments BEIRUT (AP) — Hearings in the $1 billion lawsuit filed by auto tycoon Carlos Ghosn against Nissan and other defendants started in Beirut on Monday with lawyers of both sides meeting the judge in charge of the case, judicial officials said. The former Nissan CEO filed...
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Published on: 2023-09-19
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News – Claims Journal
Article 0 Comments DERNA, Libya (AP) — The United Nations Support Mission in Libya warned Monday that an outbreak of diseases in the country`s northeast, where floods have killed over 11,000 people, could create “a second devastating crisis,” with Libyan authorities reporting the spread of diarrhea among over 100...
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Published on: 2023-09-19
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News – Claims Journal
Article 0 Comments BATON ROUGE, La. (AP) — Louisiana, typically one of the wettest states in the country, is on fire. In communities often challenged by flooding and hurricanes this time of year, firefighters instead are fending off 300-foot-tall (91.44 meters) blazes during an unprecedented wildfire season, which isn`t...
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Published on: 2023-09-19
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News – Claims Journal
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. In Texas, Arizona, New Hampshire, Washington...
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Published on: 2023-09-19
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Insurance Business Magazine
Article 0 Comments An insurer that reached a settlement with a motorist who caused a crash cannot deny a underinsured motorist claim on the basis that its policyholder failed to comply with the terms of her auto policy by not filing a subrogation lawsuit on her own, the Idaho...
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Published on: 2023-09-19
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News – Claims Journal
Article 0 Comments DERNA, Libya (AP) — Libyan authorities have opened an investigation into the collapse of two dams that caused a devastating flood in a coastal city as rescue teams searched for bodies on Saturday, nearly a week after the deluge killed more than 11,000 people. It’s unclear...
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Published on: 2023-09-18
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News – Claims Journal
Article 0 Comments WAILUKU, Hawaii (AP) — Authorities in Hawaii have adjusted the number of deaths from the deadly Maui wildfire down to at least 97 people. Officials previously said they believed at least 115 people had died in the fire, but further testing showed they had multiple DNA...
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Published on: 2023-09-18
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News – Claims Journal
Article 0 Comments LOS ANGELES (AP) — The state of California filed a lawsuit against some of the world’s largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels now faulted for climate change-related storms and wildfires that caused billions of dollars in...
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Published on: 2023-09-18
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News – Claims Journal
Denise Garth // September 18, 2023 (Image credit: Scott Graham/Unsplash.) Do you have a favorite sauce? One of mine is a sweet chili sauce that I use on salmon, cucumber salad, and other recipes. Most everyone has a favorite sauce or a dip, with a few hundred varieties to...
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Published on: 2023-09-18
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Insurance Journal
Article 0 Comments ZAGORA, Greece (AP) — The apples were almost ripe for harvesting when the worst storms in more than a century struck Greece`s breadbasket in Thessaly. Now, farmers on the forested slopes of Mount Pilion, which overlooks the plain of Thessaly, say they face millions of euros...
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Published on: 2023-09-18
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News – Claims Journal
Article 0 Comments BAR HARBOR, Maine (AP) — Atlantic storm Lee — which made landfall at near- hurricane strength, bringing destructive winds and torrential rains to New England and Maritime Canada — kept weakening Sunday after officials withdrew warnings and predicted the storm would disappear early this week. The...
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Published on: 2023-09-18
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News – Claims Journal
Canopius expands into US excess casualty market | Insurance Business America Insurance News Canopius expands into US excess casualty market The goal is to 'make a significant impact', new head says Insurance News By Jen...
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Published on: 2023-09-18
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Insurance Business Magazine
Insurer faces employee lawsuit over COVID vaccine mandate | Insurance Business America Insurance News Insurer faces employee lawsuit over COVID vaccine mandate More than 40 staff were terminated, group claims Insurance News By David Saric...
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Published on: 2023-09-18
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Insurance Business Magazine
AI's phishing influence – 'we're already seeing it' | Insurance Business America Cyber AI's phishing influence – 'we're already seeing it' Insurance expert and ex-FBI special agent on scams and their emotional impact Cyber By...
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Published on: 2023-09-18
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Insurance Business Magazine
What's driving skyrocketing property insurance premiums in Illinois? | Insurance Business America Property What's driving skyrocketing property insurance premiums in Illinois? Rates have gone up by 20-30% since the start of last year Property By...
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Published on: 2023-09-18
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Insurance Business Magazine
Campaigners rally outside Chubb office | Insurance Business America Environmental Campaigners rally outside Chubb office Global provider being asked to pledge not to insure controversial pipeline Environmental By Terry Gangcuangco Sep 18, 2023...
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Published on: 2023-09-18
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Insurance Business Magazine
Article 1 Comments The commission on Wednesday could not say what the increase would be for the average residential customer. But it is likely to be far less than what PG&E had initially requested — the company had asked for rate increases large enough to boost its revenue by...
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Published on: 2023-09-15
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News – Claims Journal
Article 0 Comments DERNA, Libya (AP) — The Libyan city of Derna has buried thousands of people in mass graves, officials said Thursday, as search teams scoured ruins left by devastating floods and the city’s mayor said the death toll could triple. The flooding, fed by two breached dams,...
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Published on: 2023-09-15
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News – Claims Journal
Article 0 Comments BOSTON (AP) — Boston firefighter Daniel Ranahan had heard about colleagues getting cancer but he was stunned when doctors discovered a large tumor in his chest. He was only 30 and had been in the Boston Fire Department less than a decade. But as he investigated...
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Published on: 2023-09-15
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News – Claims Journal
Article 0 Comments CHEBOYGAN, Mich. (AP) — Residents near a northern Michigan paper mill that caught fire Wednesday, prompting the closure of several roads and a lock and dam on a nearby river, have been told to shelter in place until Thursday afternoon as environmental officials continue monitoring local...
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Published on: 2023-09-15
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News – Claims Journal
Article 0 Comments PORTLAND, Maine (AP) — Days of wild weather that produced torrential rain, flooding, sinkholes and a likely tornado in New England could be a prelude to something more dangerous lurking offshore — Hurricane Lee. Maine was under its first hurricane watch in 15 years as the...
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Published on: 2023-09-15
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News – Claims Journal
Article 0 Comments HIGHLAND FALLS, N.Y. (AP) — Alan Oligario`s home is prone to flooding — and he wishes someone had told him before he bought it. His initial flood came in the first year after he bought the house in Highland Falls, New York. The second came about...
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Published on: 2023-09-15
Source:
News – Claims Journal
Big "I" adds chairman | Insurance Business America Insurance News Big "I" adds chairman He will lead the national group for the 2023 to 2024 term Insurance News By Kenneth Araullo Sep 15,...
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Published on: 2023-09-15
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Insurance Business Magazine
Claims speed versus fairness – what matters more to customers? | Insurance Business America Claims Claims speed versus fairness – what matters more to customers? New research highlights consumers' reception towards AI technologies Claims By...
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Published on: 2023-09-15
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Insurance Business Magazine
Article 0 Comments A mortgage lender accused of violating the False Claims Act by approving government-backed loans that did not meet federal guidelines can seek to recover the $15 million it paid to resolve the allegations from its management liability insurer, the Delaware Supreme Court ruled Thursday. Lilit Asadourian...
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Published on: 2023-09-15
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News – Claims Journal
Anthony R. O’Donnell // September 14, 2023 (Image source: gautherottiphaine/Pixabay.) Origami Risk (Chicago), a provider of risk, safety and insurance SaaS solutions, has announced it has acquired Dais Technology (Chicago), a provider of no-code insurance technology. The acquisition increases Dais’ market reach and client support capabilities and expands Origami’s...
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Published on: 2023-09-14
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Insurance Journal
Article 0 Comments CANBERRA, Australia (AP) — Emergency crews were working to protect the Outback Australian town of Tennant Creek with containment lines on Wednesday as a huge wildfire threatened the remote community of 3,000. The fire has scorched 10,000 square kilometers (3,900 square miles) of grass and scrubland...
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Published on: 2023-09-14
Source:
News – Claims Journal
Article 0 Comments DERNA, Libya (AP) — Search teams combed streets, wrecked buildings and even the sea for bodies in a devastated eastern Libyan city on Wednesday, where authorities said massive flooding had killed at least 5,100 people, with the toll expected to rise further. Authorities were still struggling...
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Published on: 2023-09-14
Source:
News – Claims Journal
Article 0 Comments IMI N`TALA, Morocco (AP) — The stench of death wafted through the village of Imi N’Tala high up in Morocco’s Atlas Mountains, where last week`s catastrophic earthquake razed the hamlet`s mud-brick buildings and killed dozens of residents. On Tuesday, bulldozers and responders dug through the wreckage...
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Published on: 2023-09-14
Source:
News – Claims Journal
Article 0 Comments LEOMINSTER, Mass. (AP) — More heavy rain began falling Wednesday in New England, where residents kept one eye on cleanup and another on the path of Hurricane Lee after downpours dropped nearly 10 inches (25 centimeters) of rain in six hours and flooded parts of Massachusetts...
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Published on: 2023-09-14
Source:
News – Claims Journal
Could a lack of diversity and access be worsening America's flood insurance gap? | Insurance Business America Catastrophe & Flood Could a lack of diversity and access be worsening America's flood insurance gap? Carrier's partnership with industry group aims to address a trust disparity ...
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Published on: 2023-09-14
Source:
Insurance Business Magazine
