Monthly Archives: <span>February 2018</span>

Appeals Court Denies Louisiana’s $586M Demand to FEMA to Fix Barrier Islands

A federal appeals court has rejected Louisiana’s contention that the federal government should pay $586 million to restore barrier islands and wetlands damaged by Hurricanes Katrina and Rita in 2005. The 5th U.S. Circuit Court of Appeals upheld decisions by …

Beazley: Fraudulent Instruction an Emerging New Cyber Threat

Claims data recorded by Beazley, the specialist insurer and leading provider of cyber insurance, indicates that organizations are facing an increased threat to their operations from fraudulent instruction scams. Fraudulent instruction incidents reported to Beazley Breach Response Services (BBR Services) …

Portland Adopts Demolition Rules to Contain Lead, Asbestos

Portland, Ore., is aiming to crackdown on toxic emissions by requiring developers to more thoroughly search for lead paint and asbestos before demolishing houses. The city council on Thursday adopted rules that require those who seek to knock down a …

Business News: Allianz, HVACi, Nixon & Company

Allianz Global Corporate & Specialty Acquires Renewal Portfolio of Product Recall Business from Liberty Mutual in the U.S. Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced it is acquiring the renewal portfolio of Liberty Mutual Insurance’s …

Appellate Court Rules Insurers Not on the Hook for Air Ambulance Reimbursement Rates

The Austin Court of Appeals issued a decision in a case involving the high prices that air ambulances charge Texas workers’ compensation insurers. Workers’ compensation insurance is a heavily regulated line of insurance. In fact, the state-mandated insurance policy requires …

Connecticut City Loses Insurance Policy in Wrongful Imprisonment

Hartford, Conn., officials say they cannot find a 30-year-old insurance policy that could play a key role in any damages or settlement the city would have to pay in a lawsuit filed by a man wrongly imprisoned for murder for …

Real-Time Digital Claims Payments: The New Path to Customer Loyalty?

Gary was vacationing with his wife in upstate New York when the deer seemingly came from nowhere and leapt across three lanes of highway to total his car. He immediately entered a first notice of loss on his insurer’s website, …

‘Operation Team Player’ Nets Over $15M in Fake NFL Sports Merchandise

U.S. Immigration and Customs Enforcement (ICE) representatives announced that enforcement actions led by Homeland Security Investigations (HSI) and U.S. Customs and Border Protection resulted in the seizure of over 171,926 counterfeit sports- and entertainment-related items worth an estimated $15.69 million, …

Lawsuits Accuse Guardrail Manufacturer of Negligence

A guardrail manufacturer created a product whose design flaws led to one woman’s death and another’s permanent disfigurement, according to two lawsuits filed Wednesday. The lawsuits filed in South Carolina and Tennessee accuse the Omaha, Nebraska-based Lindsay Corporation of negligence …

Experts Warn of Sinkhole Risk in Popular New Mexico Tourist Destination

Experts are painting a dire picture about the impending collapse of a giant cavern under a highway interchange that serves as a gateway to two national parks and the heart of New Mexico’s oil and gas country. They told lawmakers …