Government-Sponsored Lenders Have $205 Billion Of Uninsured Earthquake Risk
Earthquakes are among the most devastating and economically destructive natural disasters, with the 1994 Northridge earthquake still ranking as the fifth-costliest disaster in U.S. history. Yet unlike other common perils such as floods, fires and windstorms, the overwhelming majority of earthquake risk in the U.S. is completely uninsured.
September 26, 2018
Catastrophe
Legislation & Regulation
Property
Insurers Grappling With New York Cybersecurity Regulations; More States To Follow
Cybersecurity is back in the news as banks, insurers and other financial entities faced another tough compliance hurdle in New York.The Sept. 4 deadline brought another host of requirements contained within New Yorks tough cybersecurity initiative approved last year.
September 12, 2018
Legislation & Regulation
Technology
New York
Lethal Inaction: As Fatal Truck Crashes Surge, U.S. Government Wont Make An Easy Fix
Trucker Jeff Kolkman was an ace within Green Transportations squadron of "road pilots." The lanky, 38-year-old father of four was, according to his dispatcher, "a very safe driver who followed the rules. He always put safety first." Until one spring afternoon when he didnt.
September 10, 2018
Excess & Surplus Lines
Legislation & Regulation
Liability
New Jersey Investigating NRA-Backed Firearms Insurance
New Jersey officials are investigating firearms insurance backed by the National Rifle Association, the Department of Banking and Insurance announced late Tuesday evening.
August 29, 2018
Excess & Surplus Lines
Legislation & Regulation
New Jersey
Insurance Industry In Drivers Seat As Federal Regulations On Self-Driving Cars Inch Forward
Human drivers have their moments of weakness, namely driving with distractions despite knowing the risks of checking a text, scrolling through a social media feed, or taking a call when theyre behind the wheel.
August 28, 2018
Auto
Legislation & Regulation
The Trump Paradox In The Insurance Industry
Theres no argument from either side of the political spectrum on at least one point: President Donald Trump has championed some polarizing legislation so far in his term.
August 23, 2018
Legislation & Regulation
Tariffs On Auto Parts Could Make Cars More Valuable To Thieves
Walk outside one morning and all you may find left of your car is smashed window glass. Insurers say that one consequence of President Trumps proposed tariff on imported automobiles and automotive parts, in addition to increased car prices, could be an upsurge in vehicle thefts -- and hikes in auto insurance premiums.
August 21, 2018
Auto
Legislation & Regulation
The Utilities Liability For Californias Wildfire Woes
When all the options are bad, choosing the least-bad option wont make anybody happy. Thats whats likely to happen with a stack of proposed legislation to deal with liability for the catastrophic wildfires that have scorched hundreds of thousands of acres across California.
August 20, 2018
Legislation & Regulation
Liability
California
Fire Traps
On April 8, more than 200 New York City firefighters and emergency service personnel responded to a fire at Trump Tower, a 58-story high-rise building with commercial use on the lower floors (including the headquarters of the Trump Organization) and 263 residential units on the upper floors (including the three-floor penthouse that is the private residence of Donald and Melania Trump).
August 10, 2018
Legislation & Regulation
Property
National Flood Insurance Program Extended Through Hurricane Season
The U.S. Congress extended the National Flood Insurance program on Tuesday for another fourth months, providing coverage through the hurricane season.
August 1, 2018
Catastrophe
Legislation & Regulation
Property
California Drug Formulary Reduces Opioid Approvals
The utilization review approval rate for opioids for injured workers in California has declined 3.5% since the states prescription drug formulary took effect on Jan. 1, according to a preliminary analysis by the California Workers Compensation Institute.
July 24, 2018
Legislation & Regulation
Workers' Compensation
California
Another State Bans Hand-Held Devices While Driving
Georgia has joined fifteen other states which have outlawed the use of hand-held cellphones and mobile devices while driving. A new law signed by Governor Nathan Deal makes watching movies, shooting video, and even the mere "holding" of hand-held devices while in the vehicleeven while stoppedillegal.
July 16, 2018
Legislation & Regulation
Liability
Litigation
Subrogation
California
Connecticut
Georgia
Hawaii
Illinois
California Fire Survivors, Local Officials Decry Effort To Reform Liability Laws
Two wildfire survivors joined elected supervisors from three counties and a local government advocate Wednesday in calling on state lawmakers to withhold action this year on changes in the law governing public utility liability for fire damage to private property.
July 12, 2018
Excess & Surplus Lines
Legislation & Regulation
Liability
California
New Program Lessens Flight Restrictions For Drone Use In Catastrophe Response
Drones are no longer just cameras in the sky. Theyre autonomous, artificially intelligent flying machines with the ability to capture sharp resolution of an asset and use machine learning to process data through analytical models. But all of that potential is constantly challenged by regulation.
July 6, 2018
Catastrophe
Legislation & Regulation
Property
Risk Management
Adjustment In FEMA Risk Ratings Could Drown Southern Floridas Economy
With FEMA set to make changes to the NFIP, a Miami-based lawyer is warning that a sudden and sharp increase in insurance premiums could financially ruin all of South Florida even before a flood hits.
July 3, 2018
Legislation & Regulation
Property
Florida



