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11 01, 2019

DFS Fines Two Insurance Companies $2.2M for Violating New York Insurance Law

By | January 11th, 2019|Uncategorized|Comments Off on DFS Fines Two Insurance Companies $2.2M for Violating New York Insurance Law

The New York State Department of Financial Services (DFS) has fined Arch Insurance Company and National Union Fire Insurance Company of Pittsburgh, Penn., a combined total of $2.2 million in fines and ordered the insurers to provide a combined $8 …

11 01, 2019

Snowfall Continues to Disrupt Parts of Austria, Germany and Norway

By | January 11th, 2019|Uncategorized|Comments Off on Snowfall Continues to Disrupt Parts of Austria, Germany and Norway

Heavy snowfall continued Thursday in parts of Austria and southern Germany, with several places cut off and the bad weather expected to last at least another day. Snow was causing problems in other parts of Europe, even in Norway’s Arctic …

11 01, 2019

How Commercial Insurance Rates Changed in Q4 and 2018: IVANS

By | January 11th, 2019|Uncategorized|Comments Off on How Commercial Insurance Rates Changed in Q4 and 2018: IVANS

Renewal premium rates for nearly all major commercial insurance lines increased in the fourth quarter of last year with the exception of workers’ compensation where the average rate dropped and remained negative. The 2018 IVANS Index for Q4 and year-end …

11 01, 2019

Study Sheds Light on Worker, Employer, Injury Traits Linked to Different Rates of Opioid Prescriptions

By | January 11th, 2019|Uncategorized|Comments Off on Study Sheds Light on Worker, Employer, Injury Traits Linked to Different Rates of Opioid Prescriptions

Injured workers in mining and construction, those in rural counties or those who suffer fractures, carpal tunnel and neurologic spine pain are among those more likely to receive prescriptions for opioids than workers in other industries or locations or with …

11 01, 2019

Suit Says Lloyd’s “Steered” Hawaii Homeowners, Many Were Left with Lava Exclusions

By | January 11th, 2019|Uncategorized|Comments Off on Suit Says Lloyd’s “Steered” Hawaii Homeowners, Many Were Left with Lava Exclusions

A federal class action lawsuit alleges that Lloyd’s of London and its affiliated insurance brokers “steered” Hawaiian homeowners throughout the state away from comprehensive home insurance coverage established by the state, and that as a result many of these homeowners …

11 01, 2019

Arch Capital Estimates Q4 2018 Catastrophe Losses Could Total $130M

By | January 11th, 2019|Uncategorized|Comments Off on Arch Capital Estimates Q4 2018 Catastrophe Losses Could Total $130M

Arch Capital Group Ltd. reported an estimated range of fourth quarter pre-tax losses of $110 million to $130 million from global natural catastrophes, including Hurricane Michael and California wildfires. These estimates are net of reinsurance recoveries and reinstatement premiums, said …

11 01, 2019

Trump, California in Battle Over Wildfire Relief Funds

By | January 11th, 2019|Uncategorized|Comments Off on Trump, California in Battle Over Wildfire Relief Funds

President Donald Trump threatened this week to withhold money to help California cope with wildfires after Gov. Gavin Newsom asked him to double the federal investment in forest management. Trump again suggested poor forest management is to blame for California’s …

11 01, 2019

More Than 1,000 Properties Still Not Inspected After Alaska Quake

By | January 11th, 2019|Uncategorized|Comments Off on More Than 1,000 Properties Still Not Inspected After Alaska Quake

About 1,200 properties in the Anchorage area are waiting for damage inspections more than a month after the magnitude 7.0 earthquake shook south-central Alaska, city officials said. The deadline to apply for a state individual assistance grant is Jan. 29, …

11 01, 2019

Human Error a Factor in 2016 Suburban Detroit Sinkhole, Officials Say

By | January 11th, 2019|Uncategorized|Comments Off on Human Error a Factor in 2016 Suburban Detroit Sinkhole, Officials Say

Officials say a sinkhole north of Detroit that damaged homes and cost $75 million to fix was caused by human error that allowed the quick release of waste and water into a sewer line. Macomb Public Works Commissioner Candice Miller …

11 01, 2019

Kansas Insurance Department Issues Alert on Potential Auto Insurance Scam

By | January 11th, 2019|Uncategorized|Comments Off on Kansas Insurance Department Issues Alert on Potential Auto Insurance Scam

Kansas Commissioner of Insurance Ken Selzer has issued a warning about a potential auto insurance telephone scam. According to information from insurance officials, the caller uses the following introduction: “Hi this is Abigail and I’m with the consumer insurance association …