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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

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

11-Year-Old Dies When Tree Crushes SUV During Storm

A powerful storm system passed through the New York area Tuesday, knocking down hundreds of trees and branches. A tree fell on an SUV in Newburgh City, in Orange County, trapping a girl inside.
May 16, 2018 Auto Liability New York

Salmonella Sickens Nearly Three Dozen People Following Recall Of More Than 200 Million Eggs

A salmonella outbreak that led to a recall of nearly 207 million eggs has now sickened nearly three dozen people in states along the East Coast.
May 14, 2018 Life & Health Florida New Jersey New York North Carolina Pennsylvania

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

N.Y. Regulator Fines Chubb $1.3M For NRA Insurance Program

Insurer Chubb Ltd and a unit have agreed to pay a total of $1.3 million to New York State’s insurance regulator over their role in a National Rifle Association (NRA) insurance program, the regulator said on Monday.
May 8, 2018 Legislation & Regulation Liability New York

Driver In Fatal Hit-And-Run Charged With Padding Insurance Claim

A Wheatfield hit-and-run fatality in 2014 continues to reverberate through local courtrooms. The driver who killed Ryan Fischer, 16, of North Tonawanda, faces charges of illegally padding an insurance claim he filed after the teenager’s mother, who was drunk at the time, rammed his garage door and damaged his vehicle.
April 19, 2018 Auto Fraud Liability New York

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

Greenwich Village Home Burglar Has Stolen $94K In Jewelry

Police are searching for a thief who stole more than $94,000 worth of jewelry from a handful of homes in Greenwich Village. The man is suspected in six burglaries since January 20, police said.
April 16, 2018 Property New York
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