Monthly Archives: <span>February 2013</span>

FEMA Defends Handling of Sandy Flood Claims

The Federal Emergency Management Agency is defending its handling of Superstorm Sandy-related flood insurance claims following sharp criticism by New Jersey’s governor. FEMA says more than half of the more than 140,000 flood insurance claims filed in all the states …

Massachusetts Shuts 11 Pharmacies Following Inspections

State officials have ordered 11 pharmacies to completely or partially shut down their operations after a series of unannounced inspections prompted by a deadly nationwide outbreak of fungal meningitis. The Department of Public Health inspections were conducted across the state …

MedMal Direct Announces Expansion into Georgia

Jacksonville-based MedMal Direct Insurance Company (MedMal Direct) announces it has received its certificate of authority from the Georgia Department of Insurance and has officially launched operations as a medical malpractice insurance carrier in Georgia. MedMal Direct enables physicians to realize …

Cyber Threats Main Concern for Insurance Decision Makers: AIG Survey

A survey of perceptions about cyber risk sponsored by the American International Group, Inc. (AIG) found that among corporate executives, more are concerned about cyber threats than about other major business risks. More than 85 percent of the 258 decision-makers …

New Jersey Governor Criticizes Federal Flood Insurance Program

Gov. Chris Christie said Tuesday the National Flood Insurance Program’s handling of claims in New Jersey has been “a disgrace,” complaining that the program has been far too slow to resolve claims from Superstorm Sandy, with 70 percent of cases …

After Joplin Storm, Mystery Persists Around Fungus

Steven Weersing survived Joplin’s 2011 tornado, but the battle to recover from a fungus that nearly killed him continues 20 months later. Weersing has a crater-like scar on the right side of his chest. To save him from the mold …

Tasmania Bushfires Cause an Estimated $86.7M in Insured Losses

Insurance companies have been working hand in hand with the Tasmanian Government this week to help bushfire victims start rebuilding their lives. As of today, insurers have received 1783 claims, with insurance losses estimated at $86.7 million. About 85 percent …

Hawaii Island Drowning Deaths Spur Warning

Twice as many people have drowned on Kaui so far this year compared to all of last year. And, that has the Kauai Fire Department chief issuing a cautionary message, especially to tourists. The Garden Island reports that Chief Robert …

Companies in Thailand Take Out 3,745 Catastrophe Insurance Policies

A report from the National Catastrophe Insurance Fund of Thailand reveals that foreign and domestic companies that suffered damage during the great flood of 2011 purchased a total of 3,745 catastrophe insurance policies between 28 March 2012 and 7 January …

Honolulu Fire Department’s Defibrillators Fail

A brand of defibrillator used by the Honolulu Fire Department has been plagued with problems. Hawaii News Now says the life-saving equipment on all of the Honolulu Fire Department’s trucks has failed in recent years and been the subject of …