INSURANCE NEWS
With Back-to-Back Storms, Florida Now Facing Delays in Claims Adjusting
With Hurricane Milton now expected to produce several hundred thousand wind-damage claims and with the storm coming so soon on the heels of Hurricane Helene, industry leaders are bracing for significant delays in claims adjusting. “We’re competing with Helene,” said …
Firefighters Still on Site More Than Week After Incinerator Trash Fire
It’s going to take about two weeks to remove smoldering debris from a Maine town’s trash incinerator after a fire burned in the waste for a week, officials said Tuesday. Firefighters have been stationed continuously at the trash incinerator, which …
Amwins and Floodbase Launch Flood Insurance Program for California Municipalities
Amwins and Floodbase have launched a municipal flood insurance program designed to insure California municipalities against previously uncovered losses due to atmospheric river flooding. The flood program closes the insurance gap with policy payouts that automatically scale with the magnitude …
Marriott Settles With States for $52M Over 2018 Data Breach at Starwood
Marriott International has agreed to settle with the Federal Trade Commission and 50 state attorneys general over a series of data breaches at a guest-reservation system subsidiary. According to multiple statements from the states, Marriott will pay $52 million to …
Court Reviews Civil Rights Lawsuit Alleging Environmental Racism in Louisiana Parish
NEW ORLEANS (AP) — A federal appellate court is reviewing a civil rights lawsuit alleging a south Louisiana parish engaged in racist land-use policies to place polluting industries in majority-Black communities. The Fifth U.S. Circuit Court of Appeals in New …
Hub Acquires Texas’ WestStar Insurance
Hub International Limited (Hub) and WestStar Bank (WestStar), the leading community financial institution in the Borderplex Region, jointly announced the sale of the assets of WestStar Insurance Agency, Inc. (WestStar Insurance) by WestStar to Hub. Terms of the transaction were …
North Dakota Officials Offer Guidance Following Wildfires
In the wake of wildfires over the weekend affecting parts of NorthDakota, Insurance Commissioner Jon Godfread and State Fire Marshal Doug Nelson are reminding residents of the necessary steps to protect themselves and their property during the recovery process. “The …
NFP Acquires Indiana’s Miller Insurance Group
NFP, an Aon company and property and casualty (P&C) broker, benefits consultant, wealth manager and retirement plan advisor, announced the acquisition of Richard S. Miller & Sons, Inc. dba Miller Insurance Group (MIG), a P&C and benefits agency with multiple …
Pilot Dies as Small Plane Crashes Near Nebraska Airport
NORFOLK, Neb. (AP) — The pilot of a small airplane died in a crash near the runway of the airport in Norfolk, Nebraska. Norfolk police said the crash was reported at 7:39 p.m. Monday, about a half-mile south of the …
NSA Investigating If Chinese Hackers Breached US Telecoms
The US is in the early stages of an investigation into potential Chinese hacking of American telecommunications companies, according to a top intelligence official. National Security Agency Director General Timothy Haugh said the NSA, along with other government agencies and …
Verisk Says Helene’s Insured Losses Could Reach $11 Billion
Catastrophe modeler Verisk predicted wind, storm surge and flooding from last month’s Hurricane Helene will cause insured losses of between $6 billion and $11 billion. The estimate does not include losses to the National Flood Insurance Program (NFIP), Verisk added. …
Executive Stole $4.8 Million From Compensation Program for Children Injured at Birth
A Virginia man pled guilty to embezzling funds from his former employer, a fund that provides financial assistance to families of infants who suffer from brain or spinal cord injuries, reports the U.S. Attorney for Eastern Virginia. According to court …