Monthly Archives: <span>October 2016</span>

As Hurricane Matthew Bears Down on the East Coast, Fire Safety Important

As Hurricane Matthew descends on the Eastern seaboard, the U.S. candle industry and state fire marshals are advising consumers to take critical safety measures when using candles or other open flames during a power outage. An estimated 26 percent of …

CoreLogic: 2M Homes in 4 States at Risk for Storm Surge Damage, Insurers Brace for Matthew’s Impact

As insurers brace for the aftermath of Hurricane Matthew, CoreLogic has issued new analysis projecting almost 2 million homes in four states could sustain damage from hurricane-driven storm surge flooding. GEICO announced it was assigning catastrophe teams and would take …

Complacency Concerns for Officials as Matthew Nears Florida

Florida canceled classes along its Atlantic coastline and theme parks kept a watchful eye as Hurricane Matthew strengthened as it headed toward the East Coast. In South Carolina, Gov. Nikki Haley contemplated whether she will order some 1 million people …

Cyber Threats, a Changing Workforce and Severe Weather Top Travelers Risk Index

The Travelers Companies, Inc. announced the results of the Travelers Risk Index, an annual survey that provides insight into the most pressing concerns of American consumers and business leaders. While fewer respondents believe that the world is becoming riskier, there …

Iowa Flood Barrier Removal to Take Some Time

Officials say the removal of temporary flood barriers in Cedar Rapids, Iowa, will take an extended period of time. Cedar Rapids city engineer Nate Kampman said most of the removal work after water from recent floods receded focused on clearing …

Feds Probe Complaints of More F-150 Brake Failures

U.S. safety regulators are investigating whether a recall of Ford F-150 pickup trucks for brake failures should be expanded to more model years. The probe covers about 282,000 pickups with 3.5-liter six-cylinder engines from 2015 and 2016. The National Highway …

Michigan High Court Set to Hear Farm Bureau No Fault Case

If you hurt yourself while pulling stuff from your parked car, should your insurance company be on the hook for the injuries? The Michigan Supreme Court is opening a new term with arguments in that case and many others, including …

Top 3 Claims Against Plastic Surgeons Include Surgery Performance, Patient and Communication Issues

A study issued today of 1,438 claims against plastic surgeons insured by The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, highlights that both patients and physicians should work together to reduce the risk of injury. The study, based …

Verisk Analytics: P/C Insurers Report $1.5B Net Underwriting Loss in First Half of 2016

Private U.S. property/casualty insurers reported a $1.5 billion net underwriting loss in the first half of 2016-the first year-to-date net underwriting loss in more than three years-and saw their net income after taxes drop to $21.7 billion in first-half 2016 …

The Case of the Bambino’s Bat

Just in time for the World Series, this ‘Case Of’ shares the claim story of an avid baseball fan and collector whose claim included a Babe Ruth bat, which the insured claimed a value of $30,000. Babe Ruth is regarded …