Monthly Archives: <span>August 2011</span>

Judge Allows Punitive Damage Claims for Gulf Oil Spill to Move Ahead

Plaintiff lawyers claimed a victory on Friday when a U.S. federal judge overseeing hundreds of lawsuits against BP and others over last year’s big oil spill in the Gulf of Mexico allowed much of the case to move ahead, including …

Investors Placed Their Bets On Hurricane Irene

While people in New York and the rest of the U.S. East Coast on Friday were buying batteries and water ahead of Hurricane Irene, some investors were more focused on placing their bets just in case this really is “the …

Irene Damage Assessment Underway; Flood Insurance Losses Could Surge

Hurricane Irene caused between $200 million and $400 million in insured losses in the Carolinas, catastrophe modeling company EQECAT said Sunday, suggesting the storm may have been far less severe than the insurance industry feared. The bigger question, though, is …

Insured Losses from Hurricane Irene in Carolinas Could Reach $400 Million

Hurricane Irene caused between $200 million and $400 million in insured losses in the Carolinas, catastrophe modeling company Eqecat said on Sunday. At 7:30 a.m. ET Saturday, Aug. 27, Irene made its first landfall just west of Cape Lookout, North …

Insurance Industry Mobilizes for Hurricane Irene Claims

In addition to advising their policyholders on what to do to protect against Hurricane Irene, property/casualty insurers and brokers are themselves taking precautions—and positioning their claims teams for the aftermath. Most are publicizing their toll-free claims numbers and online sites …

Hurricane Irene Update: 50 Million People Could Be Affected

Parts of the southeastern United States were already experiencing dangerous swells and rip tides Thursday as Hurricane Irene exited the Bahamas. On Friday afternoon, ahead of Hurricane Irene’s forecasted arrival in North Carolina tomorrow, high waves and storm surge were …

Chartis Partners with Crisis Management Firm for Kidnap, Ransom Cases

Chartis will enter into a contractual agreement with NYA International Limited (NYA), a kidnap and extortion response consultancy. Beginning December 1, 2011, NYA will be responsible for providing kidnap, extortion, malicious product tampering and maritime piracy consultancy services to the …

LexisNexis Insurance Exchange Connects With Assurex Global’s Technology Platform

LexisNexis Risk Solutions has partnered with one of the largest networks of independent agencies and brokers to offer interconnectivity between two technology platforms. The LexisNexis Insurance Exchange platform and the Assurex Global Passport system will now be able to interconnect, …

Propel Hires Sales Executive

Tacoma, Wash.-based Propel Insurance has announced that it has hired Diane Winchester as a sales executive. Propel is a private insurance agency that handles business insurance and professional liability insurance. Winchester has 22 years of experience in the field of …

Oklahoma Workers’ Comp Overhaul Now in Effect

Legislation overhauling the Oklahoma workers’ compensation laws becomes effective today, Aug. 26, 2011. The Oklahoma Workers’ Compensation Court noted that while the effective date for Senate Bill 878 is Aug. 26, various provisions contained in the legislation may have different …