Nearly $1M Worth Of High-End Cars Stolen From Tennessee Dealerships

A total of 12 vehicles were stolen from dealerships in Franklin and Fayetteville, Tennessee, over the weekend.
July 2, 2019 Auto Excess & Surplus Lines Tennessee

Brand New Senior Living Facility Burns Hours Before Fire Sprinklers Activated

A fire has heavily damaged a soon-to-open senior living facility in Rock Valley, Iowa. The fire broke out at RiverView Ridge Senior Living around 6 a.m. Tuesday.
July 2, 2019 Excess & Surplus Lines Property Iowa

Record Great Lakes Levels Could Cause Billions In Business Losses

Rising water levels are causing delays in the St. Lawrence Seaway that could cost the economy more than $1 billion, shippers and port operators say.
July 1, 2019 Excess & Surplus Lines

Ten Dead After Small Plane Crashes Near Dallas

Ten people were killed on Sunday when their private turboprop airplane crashed into a hangar during takeoff and burst into flames at the municipal airport in Addison, Texas, outside Dallas, an airport official said.
July 1, 2019 Excess & Surplus Lines Property Subrogation Texas

Florida City Suffers Major Cyberattack, Insurer Covers Most Of Bitcoin Ransom

A city in Florida has been the target of a massive cyberattack that disabled many of the municipality’s systems, forcing city leaders to pay off a hefty ransom to free the computers.
June 28, 2019 Excess & Surplus Lines Technology Florida

US Cargo Theft Cases Rise In First Quarter Of 2019

During the first quarter of this year, cargo thefts in the United States rose 25% to 144 reported incidents, with the average loss for each occurrence rising 1% to $116,717, according to a report from the SensiGuard Supply Chain Intelligence Center.
June 28, 2019 Excess & Surplus Lines Alabama Alaska Arizona Arkansas California

Vermont Sues DuPont, 3M, Others Over Chemical Pollutants

Vermont announced Thursday that it’s filed lawsuits against DuPont, 3M and other chemical companies for damages it says was caused to groundwater, drinking water and other natural resources by the contamination of a class of potentially toxic chemicals.
June 27, 2019 Excess & Surplus Lines Liability Litigation Vermont

Report Finds Mergers and Acquisitions Claims On The Rise, With $1 Trillion On The Line

The fourth annual edition of AIG’s M&A Claims Intelligence Series reveals increases in the severity and long-tail nature of M&A claims that, coupled with a competitive marketplace, declining rates and broadening terms and conditions, could mean serious challenges to profitability — and an increased likelihood of higher rates.
June 27, 2019 Excess & Surplus Lines Risk Management

Philadelphia Energy Solutions To Close Refinery Damaged By Fire; Gas Prices Spike, Workers Devastated

Philadelphia Energy Solutions (PES) on Wednesday confirmed it will soon close its South Philadelphia oil refinery after last week’s devastating explosions and resulting fire and “position the refinery complex for a sale and restart.” Wholesale gasoline prices surged on news of a closure.
June 27, 2019 Excess & Surplus Lines Pennsylvania

In The Weeds: CLM’s Newest Committee Puts Focus On Cannabis

CLM’s newly formed Cannabis Committee aims to promote education on claims and litigation management relative to all aspects of the cannabis industry, including current legal and regulatory compliance, claims handling, and litigation management best practices that are unique to this highly regulated and quickly expanding industry.
June 27, 2019 Excess & Surplus Lines Legislation & Regulation Litigation Workers' Compensation

Tom Petty And Tupac Estates, Soundgarden Part Of $100M Lawsuit Against Universal Music Group Over Destroyed Recordings

A leading record company is under fire after a 2008 blaze destroyed music by big-name stars. Universal Music Group was hit with a $100 million lawsuit by grunge group Soundgarden, the estates of rapper Tupac Shakur and rocker Tom Petty, and others over the fire at Universal Studios Hollywood more than a decade ago.
June 26, 2019 Excess & Surplus Lines Liability Litigation California

Two Kentucky Marinas Destroyed As Tornadoes And Severe Thunderstorms Batter State

Two marinas in Kentucky have been heavily damaged after the area was struck by severe storms and tornadoes. The Marshall County Emergency Management Agency praised emergency services on two separate occasions for their response to the extreme weather which has battered the county over the past few days.
June 26, 2019 Excess & Surplus Lines Property Kentucky

Underwriters Who Thought They Were Going to Make Money In Alternative Energy Are Getting Educated

Alternative energy insurers are finding that frequency and severity in solar and wind farm losses are greater than they ever imagined. Four or five years back, maybe more, a host of insurers were keen to get into the alternative energy space. The risks were seen as relatively benign, capacity was ample and rates were low.
June 25, 2019 Excess & Surplus Lines Risk Management

Aviation Disaster In Hawaii Claims 11 Victims

The death toll on Saturday rose to 11 from the fiery crash of an aircraft that took off on a sunset skydive flight in Mokuleia and became one of Hawaii’s deadliest civilian aviation disasters.
June 24, 2019 Excess & Surplus Lines Workers' Compensation Hawaii

Charles Taylor Adjusting Eyes US Growth Opportunities

International loss adjustment firm Charles Taylor Adjusting (CTA) has its sights set on growth in the US market. Its growth initiative started in January 2017 with the appointment of seasoned claims expert, Vince Cole, as chief executive officer of US operations. Under Cole’s leadership, CTA has enjoyed significant organic growth, doubling its revenues and earnings every quarter for the last nine quarters, and the firm has no intentions of slowing down.
June 24, 2019 Excess & Surplus Lines Marine Property Risk Management
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