Fort McMurray Airport Sues Insurer For $34M In Wildfire Losses
The Fort McMurray Airport Authority (FMAA) is suing FM Global for more than $34 million, contending that the insurer breached its obligations under a policy in place during the Fort McMurray wildfire in May 2016.
June 26, 2018
Excess & Surplus Lines
Litigation
California Start-Up To Offer Parametric Storm Insurance In Florida
An upstart insurance company as far away from Florida as California aims to deliver something exceedingly rare for hurricane-weary and flood-prone Sunshine State customers: happiness.
June 26, 2018
Excess & Surplus Lines
Florida
18 Condominium Units Destroyed By Suspicious Fire In Fort Walton Beach
Scarlett Hamilton sifted through the medicine cabinet in her first-floor condominium Monday morning, as water dripped from the ceiling and gathered in puddles around her feet.
June 26, 2018
Excess & Surplus Lines
Florida
Crews Work To Contain Crude Oil After Iowa Train Derailment
BNSF Railway Co on Monday said it could resume service Tuesday on a stretch of northwestern Iowa track damaged when a train left the track and crude oil spilled from derailed cars.
June 26, 2018
Excess & Surplus Lines
Iowa
ClaimsPro Prepares Dedicated Adjuster Team For Marijuana Legalization
Independent adjusting company ClaimsPro announced this week that it has prepared a dedicated adjuster team for the cannabis industry, just as Canada moves to legalize marijuana in October.
June 25, 2018
Excess & Surplus Lines
Liability
Risk Management
Semi Speeding In Illinois Construction Zone Caused Pileup
A six-car pile up turned into a fatal accident on I-70 near milepost 64 Wednesday afternoon. The accident occurred at 2:20 pm., approxiately one mile east of Vandalia. Illinois State Police said a semi-truck was traveling west on I-70 where traffic stopped due to road construction.
June 22, 2018
Auto
Excess & Surplus Lines
Liability
Subrogation
Illinois
Passengers Sue Southwest Airlines Over Emergency Landing
A group of passengers aboard a Southwest Airlines flight from New York’s LaGuardia Airport to Dallas, Texas, is suing the airline over an emergency landing that followed a fatal engine explosion.
June 21, 2018
Excess & Surplus Lines
Liability
Litigation
New York
Insurers Grappling With New Risks
Warren Buffett’s caution about underwriting cyber-insurance put the spotlight on one of the big challenges facing carriers today — how to address a slew of new insurance risks.
June 19, 2018
Excess & Surplus Lines
Risk Management
Technology
Reputational Risk In A Viral World
Due in no small part to the power of social media, both individuals and organizations are increasingly held to account for their actions by the public in today’s world.
June 18, 2018
Excess & Surplus Lines
2 Riders Fall From Derailed Roller Coaster In Daytona Beach
Two people fell to the ground from 34 feet in the air, when a roller coaster derailed on the Daytona Beach Boardwalk, fire officials said Thursday night.
June 15, 2018
Excess & Surplus Lines
Liability
Florida
Make Way For Uber’s Flying Taxi, Coming By 2020
Barely have autonomous vehicles taken off on the ground, and Uber is already sending them to the sky. Los Angeles, Dallas-Fort Worth, Paris, and Dubai are a few of the cities where the company has plans to introduce aerial vehicles by 2020.
June 14, 2018
Excess & Surplus Lines
Technology
Drunk Garbage Truck Driver Plows Into 9 Cars In Brooklyn
A drunk garbage truck driver in Brooklyn, New York, left an unbelievable trail of destruction in his wake Saturday morning, according to police.
June 11, 2018
Auto
Excess & Surplus Lines
Liability
Subrogation
New York
Cal Fire: PG&E Equipment Caused 12 Northern California Fires In October
Cal Fire investigators said Friday that equipment owned and operated by PG&E ignited 12 wildfires that raged in hot, dry weather and high winds across Northern California in October, charring hundreds of square miles in Sonoma County and beyond, destroying thousands of structures and killing 18 people.
June 11, 2018
Excess & Surplus Lines
Liability
California
Trucker Was Watching Football Game When He Struck Motorcyclist
A Pennsylvania trucker who struck and killed a motorcyclist while the truck driver allegedly watched a football game on his cellphone was charged with homicide by vehicle, police said.
June 8, 2018
Excess & Surplus Lines
Liability
Pennsylvania
All-In-One Insurance Policy Launched For Real Estate Industry
Just as the insurance industry is going through a time of change, with major mergers and acquisitions as well as disruption via infamous names like Lemonade, the world of real estate is likewise undergoing a revamp in how business is done.
June 6, 2018
Excess & Surplus Lines
