Monthly Archives: <span>March 2015</span>

New Nebraska Disaster Policy Will Give Cities Faster Repayment

The Nebraska Emergency Agency will change its policy so that communities rebuilding after a disaster can get reimbursed faster. The Omaha World-Herald reports that the new procedure will reimburse communities after each individual project has been completed, rather than waiting …

UN Reports Nearly $300B Lost Annually Due to Natural Disasters

The global economic losses from natural disasters like earthquakes, floods, droughts and cyclones and have continued rising to reach an average of $250 billion to $300 billion annually, according to a U.N. report released Wednesday. The report, produced by the …

Tennessee Considers Workers’ Comp Alternative

Tennessee may soon have its own answer to an alternative workers’ compensation insurance option through new legislation by Republican lawmakers known as the Tennessee Employee Injury Benefit Alternative. Tennessee State Senator Mark Green and State Representative Jeremy Durham introduced Senate …

Anti-Fraud Legislation Kicks Up in 3 States

Tim Lynch, government affairs director, for the National Insurance Crime Bureau, recently spoke to Claims Journal to discuss anti-fraud legislation in 2015. Although all is quiet on the federal level, there is significant activity among three key states. Minnesota has …

OnPoint Underwriting Announces Paul Boehm as Senior VP of Tribal Program

Denver, CO, March 9, 2015– OnPoint Underwriting recently announced Paul Boehm has been appointed as senior vice president of its Program for Sovereign Indian Nations. OnPoint Underwriting has been a trusted insurance expert for the sovereign Indian nations since 1987 …

Better Late Than Never: El Nino Finally Arrives

A long anticipated El Nino has finally arrived. But for drought-struck California, it’s too little, too late, meteorologists say. The National Weather Service on Thursday proclaimed the phenomenon is now in place. It’s a warming of a certain patch of …

Stronger Construction Standards Reduce Tornado Destruction: IBHS

“The devastation and damage to homes and businesses caused by tornadoes can and should be reduced by better construction methods,” said Dr. Tim Reinhold, chief engineer and senior vice president of research, Insurance Institute for Business & Home Safety (IBHS). …

Sprague to Lead The Hartford’s Personal Lines

The Hartford has named Ray Sprague executive vice president, Personal Lines, effective immediately. Sprague will report to Doug Elliot, president of The Hartford. Most recently, Sprague was acting leader of Personal Lines and head of Strategy and Business Development for …

ACE Appoints Scott-Young Claims Director for Continental Europe

ACE Group announced the appointment of Tim Scott-Young as Claims Director for its Continental Europe region in line with its continued focus on superior claims service. Relocating to Paris, Scott-Young will be responsible for delivering effective and customer-focused claims management …

Cities Face Rising Flood, Drought Risk Even With No Climate Change

A heads-up to New York, Baltimore, Houston and Miami: a new study suggests that these metropolitan areas and others will increase their exposure to floods even in the absence of climate change, according to researchers from Texas A&M University. Published …