May Storms Cause $2.5B In Insured Damages: Report
Twelve states will each see insured damages topping $100 million as the weather system that hit the U.S. from May 11-16 caused a total of $2.5 billion in commercial and residential claims, according to a report Tuesday from Boston-based catastrophe modeler Karen Clark & Co.
June 1, 2018
Property
Colorado
Connecticut
Illinois
Indiana
Iowa
Tow Truck Driver Killed, 5 In Critical Condition After Collision
A tow truck driver was killed in a crash while servicing a school bus on eastbound I-94 near Ann Arbor Tuesday morning, according to the Michigan State Police.
May 30, 2018
Auto
Liability
Workers' Compensation
Michigan
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
Michigan Auto Parts Plant Fire: $8 Million In Losses
An explosion during an auto parts plant fire that ultimately stopped production of the Ford F-150 was so violent that it threw a worker through the air into a door jamb. Vehicles in the parking lot caught fire and were damaged by flying debris.
May 22, 2018
Excess & Surplus Lines
Property
Workers' Compensation
Michigan
Parts Shortage That Hit Ford Spreads To More Companies
A fire that damaged a Michigan auto parts supply factory is causing production problems at Ford, Fiat Chrysler and General Motors, but it’s too soon to tell yet whether dealers will run short of vehicles.
May 11, 2018
Auto
Property
Michigan
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
Wind Damage Across Michigan From Downed Trees
Gusty winds caused power outages and damage to homes across the state this weekend.
May 7, 2018
Property
Michigan
Ten New Pickups Stolen From Michigan Ram Assembly Plant
A gang of thieves broke into a Ram truck factory parking lot early Thursday morning and stole around 10 pickups that were fresh off of the assembly line.
May 4, 2018
Auto
Excess & Surplus Lines
Michigan
Downed Wires, Winds Fuel Blaze That Ripped Through 2 Taylor, Michigan Homes
Shannon Bridges noticed someone was wrong about 4 p.m. Monday at her neighbor’s house at the corner of Wick and Holland in Taylor "There was a big pop. It sounded like a gunshot," she says.
May 2, 2018
Property
Michigan
Residents Evacuate As Homes Flood In Frenchtown Township, Michigan
The strong winds and rain caused severe flooding in one Monroe County community Sunday. The crashing waves flooded home after home along Lake Erie’s Grand Beach in Frenchtown Township.
April 16, 2018
Property
Michigan
Up To 45 Vehicles In Pileup On I-94 In Michigan
I-94 has reopened near Jackson after icy roads resulted in multiple crashes and flipped semis, according to the Jackson County Sheriff’s office.
March 12, 2018
Auto
Excess & Surplus Lines
Liability
Subrogation
Michigan
Flood Damage Estimates Continue To Rise In Berrien County, Michigan
As flood waters in Berrien County recede, the estimate on damaged property continues to rise, the Board of Commissioners heard Thursday. Tony Meyaard, director of the county’s damage assessment team, reported that estimated damage costs for public and private property stand at $8.3 million.
March 9, 2018
Property
Michigan
Timely Decisions Save City Of Lansing Millions From Residential Flooding Damage
Lansing Mayor Andy Schor says hazard mitigation decisions made before and during our major flooding event last month saved the city more than $2-Million in residential flooding damage.
March 9, 2018
Property
Michigan
