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
Cracked Windshield Forces American Airlines Emergency Landing
A hail storm cracked the windshield of an American Airlines jetliner headed to Phoenix and forced it to divert to El Paso, Texas, Sunday night, officials said.
June 4, 2018
Excess & Surplus Lines
Arizona
Texas
Windstorm Association Denied Harvey Claim Due To Clerical Error
On Thursday, Mary Ann Heiman was at the site of her Port Aransas bait shop, which nine months ago had been flattened when Hurricane Harvey roared across the causeway. Nothing had remained after the Category 4 winds passed.
May 25, 2018
Property
Risk Management
Texas
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
Americans Survive Private Jet Crash In Honduras
A private jet carrying a group of Americans from Texas crashed off the end of the runway at Tegucigalpa’s airport Tuesday, but the crew and passengers were rescued, according to Honduras emergency management agency.
May 23, 2018
Excess & Surplus Lines
Liability
Texas
Utah
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
12 Indicted On Federal Charges Linked To Insurance Fraud
From U.S. Attorney’s Office — A federal grand jury returned a 40-count indictment on May 2, 2018, charging 12 individuals with federal violations related to an insurance fraud scheme in the Eastern District of Texas, announced U.S. Attorney Joseph D. Brown today.
May 10, 2018
Fraud
Property
Texas
Railroad Negligent In Flood, Class-Action Suit Alleges; Case Could Involve Hundreds Of Millions Of Dollars
Local residents who suffered property loss during the 2016 flood say they continue to incur damages. And they’re blaming what they call the railroad’s faulty culverts.
May 3, 2018
Excess & Surplus Lines
Liability
Litigation
Texas
Son Brags About Burglarizing 250 Cars; Dad Calls The Police
An 18-year-old remains in the Travis County Jail after his father said he turned his son in when he confessed that he was on a burglary spree.
April 26, 2018
Auto
Texas
Valero’s Texas City Refinery Hit By Explosion, Fire
An explosion set off a huge fire at Valero Energy Corp’s 225,000 barrel-per-day (bpd) Texas City, Texas, refinery on Thursday afternoon but the fire was quickly contained, according the City of Texas City Emergency Management office.
April 20, 2018
Excess & Surplus Lines
Property
Texas
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
