An Earthquake Shouldn’t Shake Your Subrogation Claim

On Friday, November 30th, a magnitude 7.0 earthquake struck Alaska, approximately 10 miles northeast of Anchorage. Thankfully, the damage appears to be limited mainly to property loss, and a lot of that can be attributed to Alaska’s stringent building codes and standards.
December 19, 2018 Subrogation Alaska

Depth Of Alaska Earthquake — And Strong Building Codes — Likely Prevented More Damage, Saved Lives

A 7.0 earthquake eight miles north of Los Angeles, with millions of people within its reach, would likely be devastating.
December 3, 2018 Property Alaska

Collisions Rise In First States To Begin Legalized Retail Sales Of Recreational Marijuana

Crashes are up by as much as 6 percent in Colorado, Nevada, Oregon and Washington, compared with neighboring states that haven’t legalized marijuana for recreational use, new research from the Insurance Institute for Highway Safety (IIHS) and Highway Loss Data Institute (HLDI) shows. The findings come as campaigns to decriminalize marijuana gain traction with voters and legislators in the U.S., and Canada begins allowing recreational use of marijuana this month.
October 26, 2018 Auto Legislation & Regulation Alaska California Colorado Maine Massachusetts

Coast Guard Finds Lone Survivor From Helicopter Crash In Alaskan Waters

The United States Coast Guard is suspending its search for three people missing after a helicopter crashed near Lituya Bay Friday evening. The Coast Guard announced that the search was suspended around 12:30 p.m. Sunday after more than 36 hours had passed since the crash.
October 1, 2018 Excess & Surplus Lines Alaska

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

NICB’s 2017 Hot Spots Vehicle Theft Report

The Albuquerque, N.M. metropolitan statistical area (MSA) repeats as having the highest per capita auto theft rate in 2017, according to the National Insurance Crime Bureau’s (NICB) latest Hot Spots report.
July 12, 2018 Auto Alaska Colorado Missouri New Mexico

Army Officer Charged With $475K Insurance Fraud

An Army officer stationed in Alaska has been accused of filing nearly half a million dollars in phony insurance claims over about three years.
May 29, 2018 Auto Fraud Property Alaska

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

Microsoft Is Enabling Alaska To Reduce Car Deaths On Icy Roads

Around eight years ago, when he was still a station foreman at Alaska’s department of transportation, Dan Schacher noticed that winter temperatures began fluctuating between very cold and the kind of cold that causes a mixture of rain and snow to hit freezing concrete and turn into ice.
March 1, 2018 Auto Liability Alaska

Chain-Reaction Vehicle Pileup Hits Fairbanks Expressway

More than 20 vehicles were involved in a chain-reaction accident Tuesday afternoon that shut down the westbound lanes of the Johansen Expressway.
January 24, 2018 Auto Liability Alaska

U.S. West Coast Braces For Possible Tsunami After Gulf Of Alaska Quake

A 7.9-magnitude earthquake struck the Gulf of Alaska early on Tuesday, prompting warnings of a possible tsunami down the West Coast of North America.
January 23, 2018 Property Alaska California Oregon Washington

NICB’s 2016 Hot Spots Vehicle Theft Report

The Albuquerque, N.M. metropolitan statistical area (MSA) had the highest per capita auto theft rate in 2016 according to the National Insurance Crime Bureau’s (NICB) latest Hot Spots report.
June 13, 2017 Auto Alaska California Colorado Montana New Mexico

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