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Helicopter Crash Into Virginia Apartment Complex Kills Two

Authorities have recovered the body of the pilot of a small helicopter that crashed into a Virginia apartment building and killed a resident, the National Transportation Safety Board said Monday.
July 10, 2018 Excess & Surplus Lines Liability Property Virginia

Metromile Leverages AI And Sensor Data From Low-Impact Car Crashes To Tackle Insurance Fraud

In 2015, there were more than 6.3 million car accidents reported that involved property damage with insurance fraud accounting for 10 percent of property/casualty claims processed. While not every accident resulted in an insurance claim, those that did required extensive effort to be verified manually.
June 28, 2018 Auto Technology Arizona California Illinois New Jersey Oregon

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

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

Rash Of Fires Sparked By Improperly Discarded Smoking Materials

The fire that tore through a Centreville, Virginia, town house community earlier this month was sparked by smoking materials that had been improperly discarded, fire officials said Monday.
May 15, 2018 Property Virginia

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

Kroger Recalls Nearly 12 Tons Of Ground Beef

More than 35,000 pounds of raw ground beef sold at Kroger stores are being recalled because they may be contaminated with foreign objects including hard plastic.
May 3, 2018 Subrogation Indiana Virginia

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

NWS Confirms EF2 Tornado Hit Lynchburg, Virginia

The National Weather Service said late Monday night that a tornado with estimated top wind speeds of 130 mph hit Lynchburg and the neighboring counties of Campbell and Amherst on Sunday evening.
April 17, 2018 Property Virginia
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