Industry News

Added: September 14, 2018, 3:19 am
Two recent California wildfires are now counted among the most destructive wildfires in the state’s history, according to Insurance Commissioner Dave Jones. Insured residential and commercial losses from the Carr and Mendocino Complex fires top $845 million. The insurance commissioner …
Added: September 13, 2018, 12:36 pm
Five years ago, encouraged by home builders and an anti-regulatory zeal, lawmakers in North Carolina joined other states in weakening building code requirements. It’s a decision they may regret as Hurricane Florence takes aim at the Carolinas. The Legislature in …
Added: September 13, 2018, 11:03 am
Changes in the path and intensity of Hurricane Florence are keeping forecasters, government officials and insurers on their toes. An update by AIR Worldwide yesterday indicated that storm surge heights of 9-13 feet could be expected. “Florence’s slow motion just …
Added: September 13, 2018, 9:25 am
Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they’re in store for painful losses. If the storm’s path of destruction – which is aimed at North and South Carolina – causes enough damage in …
Added: September 13, 2018, 4:09 am
A federal safety agency is recommending that all new motorcycles built for road use in the U.S. have anti-lock brakes and electronic stability control as standard equipment. The National Transportation Safety Board voted 5-0 on Tuesday to make the recommendations …
Added: September 13, 2018, 3:45 am
Hurricanes almost always set off an orchestrated dance on Wall Street before they make landfall, with shares of property and casualty insurance companies dumped in favor of companies that sell construction supplies or portable generators. That routine began a week …
Added: September 13, 2018, 3:35 am
An unprecedented legal move by MGM Resorts International to sue surviving victims of the Las Vegas mass shooting took another unusual turn Tuesday when the casino-operator offered to make $500 charitable donations in the name of each person who waives …
Added: September 13, 2018, 3:30 am
Amazon has become the go-to for online shopping, it’s foray into digital entertainment has been equally successful. Imagine if the online retailer were to offer insurance services. One company has – Altus Consulting, based in the UK – explored how …
Added: September 13, 2018, 3:03 am
The operators of a Missouri duck boat that sank in July, killing 17 people, say in a court filing that a lawsuit from Missouri’s attorney general is “irresponsible” and “littered with factual inaccuracies and innuendo.” Attorney General Josh Hawley’s lawsuit …
Added: September 12, 2018, 9:12 am
Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more than 1 million people in and …

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