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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

Storm Surge: The Hidden Force Of A Hurricane

As summer approaches along the Gulf and Atlantic coasts, residents prepare for the hurricane season ahead. The Atlantic hurricane season — June through November (though known to start as early as January in past years) — has devastated communities from Texas to New England, resulting in significant recovery costs.
June 25, 2018 Catastrophe Property Alabama Florida Georgia Louisiana Mississippi

Despite A ‘Near-Average’ Forecast, Hurricane Flooding May Increase

With so many businesses and individuals affected by Hurricanes including Maria, Harvey and Irma in 2017, risk managers and insurers are looking to revised forecasts of this year’s hurricane season for a glimmer of hope that 2018 will not bring the same destruction.
June 21, 2018 Catastrophe Alabama Florida Georgia Louisiana Mississippi

Flood Insurance Program Risks Expiry (Again) As Hurricane Season Starts

Seven million homes are at risk of damage from Atlantic storms and coverage may be up in the air again.
June 4, 2018 Catastrophe Legislation & Regulation Property Florida Louisiana New York Texas Virginia

4 Killed, 13 Injured In Fiery Pileup On Louisiana Highway

A horrific crash on a Louisiana highway Saturday left several cars little more than a pile of ash and twisted metal. Four people were killed and 13 others were injured in the accident, which involved two tractor trailers and multiple cars, officials said.
May 29, 2018 Auto Excess & Surplus Lines Liability Subrogation Louisiana

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

Louisiana Fire Investigator, Wife Accused Of Insurance Fraud

An investigator with the Monroe Fire Department and his wife are accused of insurance fraud following an investigation by the Louisiana State Police.
May 22, 2018 Auto Fraud Louisiana

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

Surveillance Camera Records Tornado Tossing Cars In Louisiana

Video from a surveillance camera at Sonic Drive-In of Galliano shows the moment a tornado hit the restaurant and caused extensive damage.
April 23, 2018 Auto Property Louisiana

Hurricane Forecasters Shrinking ‘Cone Of Uncertainty’

The National Hurricane Center is making changes to its “cone of uncertainty” based on an improving forecast record. The cone is designed to show people where the center of a storm is likely to head.
April 19, 2018 Catastrophe Property Alabama Delaware District Of Columbia Florida Georgia

Damage Assessments, Cleanup Follow Two Confirmed Tornadoes

Survey teams from the National Weather Service Shreveport Office have confirmed at least 2 tornadoes in the storms that touched down late Friday and early Saturday resulting in 1 death.
April 16, 2018 Auto Property Louisiana Texas

Green Solutions May Spare Gulf Coast Billions In Flood Damages

While coastal development and climate change are increasing the risk of flooding for communities along the U.S. Gulf Coast, restoration of marshes and oyster reefs are among the most cost-effective solutions for reducing those risks, according to a new study.
April 12, 2018 Catastrophe Property Alabama Florida Louisiana Mississippi Texas

Effort To Extend Time To Sue Insurance Companies For Bad Faith Sidelined By House Panel

A Louisiana House committee narrowly defeated Monday legislation that opponents called the Texas Brine Bail Out Act.
April 11, 2018 Legislation & Regulation Litigation Louisiana
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