Partiers Collapse Third Floor In Texas College Apartments
A party in Denton turned into terror and chaos when the third floor at a student housing complex collapsed. Most of the people affected by the collapse at the Ridge Apartments are okay, but now, dozens of University of North Texas students dont have a home.
November 13, 2017
Excess & Surplus Lines
Texas
Underwriter Hiscox Revises Down Hurricane Claim Estimates
Lloyds of London underwriter Hiscox Ltd said it now estimates net claims for Hurricanes Harvey, Irma and Maria to total around $225 million, having previously estimated the same amount for Harvey and Irma alone.
November 7, 2017
Auto
Catastrophe
Property
Florida
Texas
Hurricane Season Revealed Lack Of Resiliency In The U.S.
Hurricanes Harvey, Irma and Maria laid bare fundamental inadequacies of the current flood insurance program in the U.S.
November 1, 2017
Catastrophe
Property
Florida
Texas
Hurricanes Expose Vulnerability Of Businesses To Coastal Flood Risks
The preparedness of U.S. businesses is still wanting despite lessons learned from Hurricane Sandy and the high hurricane activity, devastation and losses so far this Atlantic hurricane season, suggests Allianz Global Corporate & Specialty (AGCS).
October 30, 2017
Catastrophe
Property
Louisiana
New Jersey
New York
Texas
Lloyds Revises Harvey, Irma And Maria Claims Estimates To $4.9B
Lloyds has revised its net claims estimates for Hurricanes Harvey and Irma to a combined US$3.9 billion, plus a preliminary claims estimate for Hurricane Maria of US$0.9 billion.
October 24, 2017
Auto
Catastrophe
Property
Florida
Georgia
Texas
One Dead In Oil Barge Fire Off Port Aransas, Texas
The U.S. Coast Guard reported Friday that the oil barge B255 caught fire early on Friday at a position about three miles off the harbor entrance at Port Aransas, Texas. The barge was under tow by the ATB tug Buster Bouchard at the time of the incident.
October 23, 2017
Marine
Workers' Compensation
Texas
NICB: Hurricanes Leave Record Numbers Of Vehicles Damaged
Flooded vehicles have finally stopped arriving at the Royal Purple Raceway east of Houston. That is just one of several insurance industry salvage locations where more than 422,000 insured vehicles damaged by Harvey have been taken for processing.
October 19, 2017
Auto
Salvage
Florida
Texas
Lloyds Pushing Rapid Claims Processing Response Following Hurricanes
Hurricanes Harvey, Irma and Maria left catastrophe and devastation behind, and Lloyds insurance claims are being rapidly processed, says the market. The company says it is responding quickly and has even made some advance payments.
October 18, 2017
Catastrophe
Property
Risk Management
Florida
Texas
CAT Crews Busy Closing Out Hurricane Claims
The relentless hurricane season is keeping Bloomington-based insurers busy. With seven weeks to go, the 2017 hurricane season is already the third most active on record.
October 18, 2017
Auto
Catastrophe
Property
Alabama
Florida
Georgia
Texas
Cost Of Hurricanes To Insurance Industry Will Break $100B
Though its too early to know the insured damage total of Hurricane Nate, the cost of hurricanes to insurance industry coverage providers in the United States will already reach $100 billion, says JPMorgan. This prediction aligns with other industry players, such as Fitch Ratings.
October 16, 2017
Catastrophe
Property
Florida
Texas
XL Group Estimates $1.33B Loss From Hurricanes Harvey, Irma And Maria
XL Group Ltd. reported on Wednesday a preliminary estimate of approximately US$1.33 billion relating to Hurricanes Harvey, Irma and Maria.
October 13, 2017
Catastrophe
Property
Florida
Texas
AIG Forecasts $3B In Q3 Catastrophe Losses
American International Group expects to record insurance losses of roughly $3 billion during the third quarter from the recent hurricanes and earthquakes.
October 10, 2017
Auto
Catastrophe
Excess & Surplus Lines
Marine
Property
Florida
Georgia
South Carolina
Texas
About 85% Of U.S. Gulf Oil Output Offline Due To Nate
About 85 percent of U.S. Gulf of Mexico oil production is offline in the aftermath of Hurricane Nate, the U.S. Department of the Interiors Bureau of Safety and Environmental Enforcement (BSEE) said on Monday.
October 10, 2017
Excess & Surplus Lines
Louisiana
Texas
Property Claim Services, NFIP To Report Aggregate Flood Loss Estimates
Property Claim Services (PCS) reported on Thursday that it will publish aggregate flood loss information supplied by the National Flood Insurance Program (NFIP), beginning with Hurricane Harvey.
October 6, 2017
Liability
Property
Mississippi
Texas
The Problems With Harvey: Litigation Lessons
In the days after a catastrophic loss like Hurricane Harvey, challenges abound for insurers. Due to the extensive damage often caused by a disaster, insureds are justifiably distraught.
October 5, 2017
Catastrophe
Litigation
Property
Louisiana
Texas



