Insurtech company REIN has launched DroneInsurance.com, with underwriting by Liberty Specialty Markets, providing usage-based insurance for commercial drone operators and simplifying the process of obtaining both base and liability coverage.
As summer approaches along the Gulf and Atlantic coasts, residents prepare for the hurricane season ahead. The Atlantic hurricane season — June through November (though known to start as early as January in past years) — has devastated communities from Texas to New England, resulting in significant recovery costs.
With so many businesses and individuals affected by Hurricanes including Maria, Harvey and Irma in 2017, risk managers and insurers are looking to revised forecasts of this years hurricane season for a glimmer of hope that 2018 will not bring the same destruction.
For the first time, the National Transportation Safety Board is recommending all new school buses be equipped with lap and shoulder seat belts, after the agency released findings from a special investigation report prompted by two deadly 2016 crashes.
At its core, the industry is plagued by an inherent conflict of interest. Our customers dont have an industry expert advocating solely on their behalf; the experts have financial incentives coming from the insurance industry.
The National Insurance Crime Bureau (NICB) today released a study on the number of animal-related insurance losses for the years 20142017. The data is gleaned from insurance claims for losses that occurred in all 50 states plus the District of Columbia.
A catastrophe report has found that the US re/insurance sector is on the hook for more than half of the total economic loss in April resulting from severe convective weather such as thunderstorms and tornados.
Tornado warnings were issued for many Alabama counties earlier Sunday afternoon. Though the National Weather Service hasnt confirmed any tornadoes at this time, there are reports of storm damage rolling in.
The National Hurricane Center is making changes to its “cone of uncertainty” based on an improving forecast record. The cone is designed to show people where the center of a storm is likely to head.
While coastal development and climate change are increasing the risk of flooding for communities along the U.S. Gulf Coast, restoration of marshes and oyster reefs are among the most cost-effective solutions for reducing those risks, according to a new study.
Monday nights severe storms did major damage at Mitch Smith Chevrolet in Cullman as baseball-sized hail severely damaged 380 new vehicles. Security camera video shows the large hail taking out car windows and exploding as it hits the pavement.
For those looking for rental vehicles because of Mondays tornado damage in the region, the choices are slim to none, according to local car rental agencies. “This is the worst storm-related rush for cars Ive seen since I started here in 1989,” said Lori Merrell, rental manager of Hertz in Decatur.
National Weather Service storm survey teams are out in the field again today surveying damage from Mondays severe storms. The weather service offices in both Huntsville and Birmingham sent out multiple teams on Tuesday as well and have been able to confirm at least 13 tornadoes in Alabama so far.
Severe weather ravaged the Southeast on Monday night, leaving behind widespread damage, thousands without power and at least one reported death. The line of storms blew through Alabama first, spawning at least one confirmed tornado that slammed Jacksonville State University and the area around it.