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Northeast Coastal Dwellers Uneasily Face The Threat Of Flood Hazards

The prospect of a hurricane tearing up the East Coast through Long Island and Connecticut, hitting Cape Cod and heading up to Maine "is an event that keeps insurance people awake at night," according to Robert DeSaulniers, a flood insurance specialist for the Federal Emergency Management Agency’s northeast region.
August 6, 2018 Catastrophe Property Connecticut Maine Massachusetts New York

World Trade Center Developer Loses Final 9/11 Lawsuit Against Insurer

A federal judge on Thursday rejected a lawsuit by the developer of New York’s World Trade Center seeking to take a $14 million cut of a settlement between its insurer and airlines over the Sept. 11, 2001, attacks.
August 6, 2018 Excess & Surplus Lines Liability Litigation Property New York

Weinstein’s Clash With Insurance Companies Rages On

Already at the mercy of mounting legal bills, embattled former film producer Harvey Weinstein also has to contend with his insurers — which have not only denied him coverage for legal costs, but have also launched lawsuits of their own against him.
July 30, 2018 Excess & Surplus Lines Liability Litigation California New York

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 vehicle—even while stopped—illegal.
July 16, 2018 Legislation & Regulation Liability Litigation Subrogation California Connecticut Georgia Hawaii Illinois

Drunk Crane Driver Hits Four Vehicles On Long Island Expressway

A crane driver is accused of driving drunk and crashing into several cars on Long Island, and a police officer jumped onto the moving vehicle to stop the carnage.
July 13, 2018 Auto Excess & Surplus Lines Liability New York

Disney’s Insurance Company Suing Harvey Weinstein To Avoid Paying Bail, Legal Fees

Harvey Weinstein is facing yet another legal battle. The embattled former movie producer is being sued by Steadfast Insurance Co., an insurer that covers policies for the Walt Disney Company.
June 28, 2018 Litigation New York

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

300,000 Coastal Homes In US, Worth $120B, At Risk Of Chronic Floods From Rising Seas

Hundreds of thousands of homes along U.S. coasts are at risk of devastating coastal flooding over the next 30 years as climate change causes oceans to rise, according to a new study.
June 19, 2018 Property California Florida New Jersey New York

U.S. Insurers Face Roughly $2 Billion In Losses From Severe Weather Events In May

Aon has launched the latest edition of its monthly Global Catastrophe Report for the month of May, which found that the US suffered considerable disaster-related losses despite a "quieter" start to the tornado season.
June 12, 2018 Auto Property Colorado District Of Columbia Illinois Iowa Kansas

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

U.S. Motorcycle Thefts Decreased In 2017

The National Insurance Crime Bureau (NICB) today released its annual report on motorcycle thefts in the United States for 2017.
June 6, 2018 Auto Arizona California Florida Georgia Indiana

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

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

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
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