Residential, Commercial Damage from August Louisiana Flood Estimated at $8.7B September 19, 2016 The August 2016 flooding in Louisiana caused an estimated $8.7 billion in damage to residential and commercial properties. Damage to...
Morale, Predatory Attorneys Keep El Pollo Loco Risk Director Busy September 19, 2016 Maintaining a culture of safety is a company-wide initiative for California- based El Pollo Loco, according to Shaun Jackson, director...
Florida’s First Hurricane in 11 Years ‘Could Have Been a Lot Worse’ for Industry September 19, 2016 By Amy O'Connor The 11-year hurricane drought in Florida is officially over. While preliminary damage estimates and claims are still trickling in from...
14 States Process $13.1B in Surplus Lines Premium in First Half 2016 September 19, 2016 Data from the 14 U.S. surplus lines service/stamping offices show they have processed almost $13.1 billion in insurance premium filings...
Alabama Department of Insurance Re-Accredited by NAIC September 19, 2016 The Alabama Department of Insurance (ALDOI) announced Aug. 31 that it has been re-accredited by the National Association of Insurance...
Weak Profits Leading to Takeovers of Smaller Reinsurers September 19, 2016 Weak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisition activity as...
Kentucky Workers’ Comp Loss Costs to Decrease by 5 Percent September 19, 2016 The Kentucky Department of Insurance has approved the annual workers’ compensation rate filing from the National Council on Compensation Insurance...
Court Rules Massachusetts Law Applies in Rhode Island Contamination Suit September 19, 2016 By Elizabeth Blosfield The Massachusetts Appeals Court has ruled that Massachusetts law should apply in deciding whether Narragansett Electric Co. (NEC), a Rhode...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports September 19, 2016 By L.S. Howard The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under...
State Oversight of Thrill Rides Questioned After Recent Accidents September 19, 2016 By Kathleen Foody, Erik Schelzig and Claire Galofaro In some parts of the U.S., the thrill rides that hurl kids upside down, whirl them around or send them...