Coastal Construction Growth Promises More Builders Claims For Natural Catastrophe Damage

According to the Insurance Information Institute, 2016 insured natural disasters in the United States accounted for more than $23.8 billion in damages. Worldwide, the total estimated damages attributable to natural disasters was $175 billion.
September 22, 2017 Excess & Surplus Lines Liability

3 Fatalities, Multiple Injuries After Bus Collision In New York City

Three people were killed and at least 15 others were injured after a New York City transit bus and a tour bus collided early on Monday in the city’s borough of Queens, before slamming into a restaurant, fire officials said.
September 18, 2017 Excess & Surplus Lines Liability New York

Blaze Destroys Massachusetts Apartment Building Under Construction

A four-alarm fire Thursday in Weymouth destroyed an apartment building that was under construction and affected commuter rail service in the area. Flames started on the second and third floor and went through the roof.
September 15, 2017 Excess & Surplus Lines Property Massachusetts

Harvey, Irma Damage Reaches Nearly $300 Billion

Preliminary data on the total cost of damage caused by Hurricanes Harvey and Irma is finally coming in, and analysts are projecting hundreds of billions in losses thanks to the damage caused by both weather events.
September 15, 2017 Auto Catastrophe Excess & Surplus Lines Marine Property Florida Georgia South Carolina Texas

Patients Sue Hospital For Medication Mix-Up, Negligence

Sixteen patients and patient relatives have filed a lawsuit against Pittsburgh-based Jefferson Hospital, alleging that the healthcare facility was negligent in 2012 when a hospital pharmacy technician stole painkillers and replaced the drug with pills that do nothing for pain.
September 14, 2017 Excess & Surplus Lines Liability Litigation Pennsylvania

Large Corporate Claims From Hurricane Irma May Take Years To Settle

Insurance claims are already pouring in from policyholders with properties damaged by Hurricane Irma. The United States mainland sustained about $18 billion of insured loss, with the majority of damage seen in Florida, followed by Georgia, South Carolina, and Alabama, according to catastrophe modelling firm Karen Clark & Co.
September 14, 2017 Catastrophe Excess & Surplus Lines Litigation Property Alabama Florida Georgia South Carolina

Three Construction Cranes Collapsed In Miami During Storm

Cranes at three South Florida high rises under construction collapsed in the face of heavy winds as Hurricane Irma ripped through the area on Sunday, days after authorities warned about dangers to cranes from the approaching storm.
September 12, 2017 Excess & Surplus Lines Florida

Blaze Damages New Albany, Indiana Apartment Complex

At least 10 apartments were damaged in a fire in New Albany Tuesday. The fire broke out at Kingsfield Apartments on Mills Lane shortly before 1 a.m.
September 12, 2017 Excess & Surplus Lines Indiana

Emergency Responders Sue Arkema Over Chemical Plant Fire After Harvey

Police and emergency workers filed suit on Thursday against French chemicals company Arkema SA, claiming they were injured after it failed to take adequate steps to avoid a fire at its Crosby, Texas, plant after Hurricane Harvey.
September 8, 2017 Excess & Surplus Lines Litigation Texas

There Are Now Three Hurricanes In The Atlantic Basin

All eyes are on Hurricane Irma as it rampages through the Caribbean, but it’s not alone. Tropical storms Jose and Katia strengthened Wednesday afternoon, bringing the number of hurricanes churning in the Atlantic basin to three.
September 7, 2017 Auto Catastrophe Excess & Surplus Lines Marine Property Florida Georgia North Carolina South Carolina

Hurricane Irma Kills 9 In Caribbean Islands As Florida Awaits Storm

Hurricane Irma hammered a string of northeast Caribbean islands, thrashing them with rain and winds of up to 180 mph, and leaving at least nine people dead.
September 7, 2017 Auto Catastrophe Excess & Surplus Lines Marine Property Florida

Houston Port Continues Salvage Efforts To Recover From Harvey Damage

Salvage efforts continued on Monday to remove a sunken drydock in an industrial portion of the Houston Ship Channel, home to major oil refineries and petrochemical plants, officials said.
September 5, 2017 Excess & Surplus Lines Marine Salvage Texas

Evacuation Lifted Around Arkema’s Flooded Texas Chemical Plant

French chemical firm Arkema SA (AKE.PA) said an evacuation zone put in place amid fears that more flammable organic pesticides at its flooded plant in Crosby, Texas, would explode was lifted on Monday after the materials were ignited in a controlled burn.
September 5, 2017 Excess & Surplus Lines Texas

Insurer Expects Limited Exposure From Harvey; Coverage For Windstorm Damage Only

Property and casualty insurer and reinsurer Lancashire Holdings is not exposed to the first $40 million of windstorm reinsurance claims and does not expect to pay out huge amounts from Tropical Storm Harvey, its head of investor relations said.
August 31, 2017 Excess & Surplus Lines Texas

Major Gulf Coast Energy Infrastructure Shutdown Due To Tropical Storm Harvey

Tropical Storm Harvey made landfall in Louisiana early on Wednesday after hammering Texas, threatening more infrastructure in the heart of the U.S. oil and natural gas industry.
August 31, 2017 Catastrophe Excess & Surplus Lines Louisiana Texas
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