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CAT Teams Mobilized, Substantial Business Interruption Claims Expected From Florence

Hurricane Florence is still hundreds of miles off the U.S. East Coast, but insurers are starting to see their potential costs from one type of claim mount as companies halt operations to let employees flee.
September 13, 2018 Catastrophe Property North Carolina South Carolina Virginia

Insurers Brace For Another Round Of Catastrophe Losses From Hurricane Florence

U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding.
September 13, 2018 Auto Catastrophe Marine Property North Carolina South Carolina Virginia

CoreLogic: Florence Could Mean $170 Billion In Property Damage

As Hurricane Florence bears down on the southeastern United States, nearly 759,000 homes are in the storm’s path, and a worst-case rebuilding scenario could cost more than $170 billion, according to an estimate from real estate data provider CoreLogic.
September 12, 2018 Catastrophe Property North Carolina South Carolina Virginia

More Than 1.5 Million Ordered To Evacuate As Hurricane Florence Threatens Carolinas

More than 1.5 million people were ordered to evacuate their homes along the U.S. Atlantic coast as Hurricane Florence, a Category 4 storm and the most powerful to menace the Carolinas in nearly three decades, barreled in on Tuesday.
September 11, 2018 Catastrophe Marine Property North Carolina South Carolina Virginia

Hurricane Florence On Track To Hit East Coast As Major Storm Later This Week

Hurricane Florence has its sights set on North and South Carolina, and if it hits as hard as predicted, the storm will be the most powerful to pound the area in three decades, CNN weather anchor Chad Myers said Monday morning.
September 10, 2018 Property North Carolina South Carolina Virginia

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

Tropical Storm Chris Near The Carolinas, Expected To Become Hurricane

Tropical Storm Chris could become a hurricane today. All the while sitting not too far off the U.S. East Coast. Don’t panic.
July 9, 2018 Property North Carolina South Carolina

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

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

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

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

Family Of Woman Who Died After Flight Sues American Airlines For Negligence

The family of a South Carolina woman has filed a wrongful death lawsuit accusing American Airlines (AAL.O) of refusing to make an emergency landing after she fell ill during an April 2016 flight, leading to her death from an embolism three days later.
April 30, 2018 Excess & Surplus Lines Liability Litigation South Carolina
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