Insurtech Launches Usage-Based Drone Coverage

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.
August 2, 2018 Excess & Surplus Lines Liability Technology Alabama Alaska Arizona Arkansas California

Ex-Cop Pleads Guilty To Insurance Fraud Charges After Collecting $100K On Theft Claim

A former high-ranking member of the Prattville Police Department has pleaded guilty to fraud and theft charges.
July 25, 2018 Fraud Property Alabama

Storm Surge: The Hidden Force Of A Hurricane

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.
June 25, 2018 Catastrophe Property Alabama Florida Georgia Louisiana Mississippi

Despite A ‘Near-Average’ Forecast, Hurricane Flooding May Increase

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 year’s hurricane season for a glimmer of hope that 2018 will not bring the same destruction.
June 21, 2018 Catastrophe Alabama Florida Georgia Louisiana Mississippi

NTSB Advocates For Seat Belts On School Buses In Wake Of Fatal Wrecks

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.
May 24, 2018 Excess & Surplus Lines Legislation & Regulation Alabama Alaska Arizona Arkansas California

Insurance’s Flawed Business Model

At its core, the industry is plagued by an inherent conflict of interest. Our customers don’t have an industry expert advocating solely on their behalf; the experts have financial incentives coming from the insurance industry.
May 24, 2018 Risk Management Alabama Alaska Arizona Arkansas California

Animal-Related Insurance Claims Top 1.7M In Four Years

The National Insurance Crime Bureau (NICB) today released a study on the number of animal-related insurance losses for the years 2014—2017. The data is gleaned from insurance claims for losses that occurred in all 50 states plus the District of Columbia.
May 23, 2018 Auto Alabama Alaska Arizona Arkansas California

Insurers Expected To Pay $1.5B For April’s Severe Weather

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.
May 10, 2018 Auto Catastrophe Property Alabama Alaska Arizona Arkansas California

Severe Weather Leads To Storm Damage In Several Alabama Counties

Tornado warnings were issued for many Alabama counties earlier Sunday afternoon. Though the National Weather Service hasn’t confirmed any tornadoes at this time, there are reports of storm damage rolling in.
April 23, 2018 Property Alabama

Hurricane Forecasters Shrinking ‘Cone Of Uncertainty’

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.
April 19, 2018 Catastrophe Property Alabama Delaware District Of Columbia Florida Georgia

Green Solutions May Spare Gulf Coast Billions In Flood Damages

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.
April 12, 2018 Catastrophe Property Alabama Florida Louisiana Mississippi Texas

Nearly 400 Vehicles Damaged By Hail At Alabama Dealership

Monday night’s 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.
March 26, 2018 Auto Excess & Surplus Lines Alabama

Tornado, Hail Damage Cause Rush On Car Rentals

For those looking for rental vehicles because of Monday’s 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 I’ve seen since I started here in 1989,” said Lori Merrell, rental manager of Hertz in Decatur.
March 23, 2018 Auto Alabama

Alabama Storm Damage Surveys Continue; Tornado Count Up To 13

National Weather Service storm survey teams are out in the field again today surveying damage from Monday’s 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.
March 23, 2018 Property Alabama

Severe Storms Leave Widespread Damage, Thousands Without Power And One Reported Death In Southeast

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.
March 20, 2018 Auto Property Alabama
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