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15
08, 2016
Wildfire Destroys More than 100 Homes in Northern California
A wildfire stuck a Northern California town still recovering from a massive fire nearly a year ago, destroying more than 100 homes and forcing thousands to flee, authorities said Monday. Gusts kicked up flames on Sunday and the fire tore …
15
08, 2016
Brightway Insurance Opens New North Texas Office
Brightway Insurance announced that agency owner Peter Linke has opened the company’s newest office in North Texas, Brightway Preston Trail. The agency is located at 17194 Preston Road, Suite 210, at the corner of Preston and Campbell Roads in North …
15
08, 2016
Damage From Storm That Struck Colorado and Wyoming Exceeds $25M
A hail storm that struck northern Colorado and Wyoming in July has caused at least $25 million in damage to insured private property. The Greeley Tribune reported insurance professionals have deemed the July 29 storm catastrophic, which means the insured …
15
08, 2016
NAIC Drafts Changes for NFIP, Encourages Long-Term Reauthorization
The National Association of Insurance Commissioners (NAIC) has released its recommendations for changes to the National Flood Insurance Program (NFIP) when it goes up before Congress for reauthorization next year. The current NFIP is due to expire on Sept. 30, …
15
08, 2016
Pennsylvania Law Requiring Rear-Facing Car Seats Takes Effect
Motorists in Pennsylvania must now make sure car seats face backward for all children until they’re two years old. The requirement is part of a new state law that went into effect Friday. It directs police to issue warnings for …
15
08, 2016
Lawsuit Over ‘Creepy’ Letters Sent to New Jersey Couple Will Move Forward
A New Jersey couple who claim they were scared away from their home after receiving creepy letters from someone named “The Watcher” can move forward with a lawsuit against the home’s former owners, a Superior Court judge ruled August 11. …
5
08, 2016
Tennessee Reports $1.5M in Insurance Restitution So Far in 2016
The Tennessee Department of Insurance’s (TDCI) Consumer Insurance Services Section returned $1,577,917.59 to Tennessee consumers through the first half of 2016. The restitution efforts were the result of TDCI insurance investigators mediating between insurance companies and policyholders to get denied …
5
08, 2016
Virginia Insurance Bureau Opposes Anthem-Cigna Marriage
Virginia’s Bureau of Insurance says a proposed merger between health insurance giants Anthem and Cigna would be bad for consumers. The bureau issued recently issued its analysis ahead of a decision by the State Corporation Commission whether to approve Anthem’s …
5
08, 2016
Good Risk Management Is Just Good Business: Steel, Former CRO of AXIS Capital
Companies originally created the role of the chief risk officer because they “recognized that good risk management is really good business,” according to Michael Steel, former CRO at AXIS Capital. The role of CRO is a relatively new one for …
5
08, 2016
Allianz Q2 Profit Drops 46% on Nat Cat Claims, Expected Sale of South Korea Unit
Allianz SE said second-quarter profit almost halved, missing estimates, as Europe’s biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea unit. Net income declined to 1.1 billion euros ($1.2 billion) from …