Monthly Archives: <span>May 2017</span>

Business News: Smooth Waters, Swiss Re Capital Markets, Willis Towers Watson

RSG Underwriting Managers (RSGUM) announced the formation of Smooth Waters, LLC, an independent marine insurance consultancy and claims adjusting company and part of RSGUM’s growing Marine Practice. Smooth Waters, LLC serves as a consulting and claims adjusting company for the …

PCI: 9 States Enact Tougher Distracted Driving Laws in 2017

As auto accidents and fatalities increase on America’s roads, 9 states enacted laws and three states have legislation on the governor’s desk to combat distracted driving by strengthening enforcement, increasing penalties and fines, and focusing on education and awareness efforts …

Insurance Groups Welcome Delay in Liability Insurance Law Restatement

Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of liability insurance law. As reported by Insurance Journal, the American Legal Institute (ALI) on Tuesday formally decided to postpone a …

Back-Bay Flooding Plagues Millions in U.S.

Marty Mozzo gets a gorgeous show each night when the sun sets over wetlands near his property on the bay side of a barrier island. When he and his wife bought the house in 2008, she looked at the marsh, …

Texas Coast on Alert Due to Rising Sea, Hurricane Threat

Lalo Ojeda has lived with hurricanes all his life. The Houston Chronicle reports he was 14 when Hurricane Carla inundated Galveston Island in 1961. He evacuated as Hurricane Rita barreled toward the coast in 2005, then rode out the devastating …

NICB: Texas Leads Nation as Hail Damage Claims Jumped 48% in 2016

Everything is big in Texas, including hailstorms. The National Insurance Crime Bureau (NICB) reported that insurance claims for hail damage in Texas last year exceeded the previous two years combined. Hail damage fluctuates year-to-year, but 2016 was a particularly devastating …

Trump’s Budget Cuts Federal Funding for West Coast Quake Warning System

President Donald Trump’s budget proposal would cut federal funding for an earthquake early warning system for California, Oregon and Washington state, a development that seismology experts and some local leaders say would be the end of the project. The system …

Illinois Lawmakers at Odds Over Workers’ Comp Measures

Senate Democrats made good Friday on their pledge to pick apart the workers’ compensation system at the behest of Republican Gov. Bruce Rauner, but the measures they approved brought only derision from the GOP. Majority Democrats endorsed one proposal that …

Private Insurers Could Gain Access to Federal Flood Program

Democrats and Republicans, who have agreed on little this year, have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program and to offer more buyouts for homeowners in areas likely to …

South Carolina Limits Cops Firing Into Cars

South Carolina’s top law enforcement officer spotted an alarming trend while reviewing shootings by police in the state: Increasingly, the suspect’s only weapon was the vehicle they were driving. Shooting at a driver is risky. It’s hard to hit a …