Industry News
Nearly 20 percent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards …
Via: Claims Journal
The last time the midsection of the East Coast stared down a hurricane like this, Dwight Eisenhower was in the White House and Marilyn Monroe and Joe DiMaggio were newlyweds. Hurricane Florence could inflict the hardest hurricane punch the Carolinas …
Via: Claims Journal
After concerns over stability halted construction of a Baton Rouge, La., library back in April, a new report estimates it will cost almost another $2 million to steady the building. Construction on the River Center Branch Library was halted after …
Via: Claims Journal
LexisNexis Launches Global Alliance Program Focusing on Data Analytics LexisNexis Risk Solutions announced the launch of its LexisNexis Global Insurance Alliance program. Insurers can integrate with more than 125 alliance program members to access LexisNexis policy and claims solutions that …
Via: Claims Journal
U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation’s troubled flood insurance program remains stalled in Congress – and as a dangerous new …
Via: Claims Journal
Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has climbed to more than $11 billion this year, about the same as this time in 2017, when sales hit a …
Via: Claims Journal
Hurricane Florence is the first major hurricane of the 2018 season, and with Gordon now a tropical depression dumping several inches of rain on the Southeast, it’s safe to say hurricane season is in full gear. Forecasters are predicting three …
Via: Claims Journal
Editor’s Note: This article, previously published in 2012, offers evergreen tips on staying safe while adjusting catastrophe losses. Displaced rats, contaminated flood waters, downed electrical wires and unstable flooring are just some of the dangers encountered by workers assessing Sandy …
Via: Claims Journal
Florence was slightly weakened but unbowed as it continued to barrel toward the U.S. East Coast on Tuesday, with forecasters saying they expect the storm to soon re-strengthen near Category 5 levels. The hurricane, now packing 130 mile-per-hour winds, remains …
Via: Claims Journal
A series of human errors led to a BNSF Railway train striking and killing two railroad workers in South Dakota last year, federal investigators said Thursday. The National Transportation Safety Board released its report Thursday on the Jan. 17, 2017, …
Via: Claims Journal