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

BuildFax: Roof Age Inaccuracy Could Impact Reinsurance Negotiations

BuildFax, a provider of property condition and history insights for the largest insurance and financial institutions, released a report on remodeling trends following Hurricane Irma that could impact this year’s annual catastrophe reinsurance negotiations for Florida carriers. Following more than …

Like its Buildings, U.K. Insurers’ Shares Are Sinking

Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s nonlife insurers sector had its steepest drop in more than a year-and-a-half on Friday after its biggest constituent, RSA Insurance Group Plc, warned this …

New Florence Flood Forecasts Offer Good News for South Carolina

The last community in the way of Hurricane Florence’s floodwaters as they slowly flow to the sea got some good news Wednesday – the predictions aren’t as dire as they once were. Officials originally expected flooding in the worst areas …

NTSB Blames Air Canada Pilots for Near Miss at California Airport Last Year

Federal safety officials blame two Air Canada pilots for coming within 10 to 20 feet of crashing their jetliner into a plane on the ground last year in San Francisco. The Air Canada pilots were apparently confused because one of …

Unregulated Recreational Drone Operation May Be Ending

The Wild West days of unregulated recreational drones may be nearing an end. A bill close to passage in Congress would repeal the current exemption for hobbyists from regulations and for the first time require them to take a test …

Hurricane Florence Ranks Second to Harvey in Rainfall Totals

Hurricane Florence was the nation’s second rainiest storm in 70 years, a top rainfall meteorologist calculated. Only last year’s Hurricane Harvey rained more over a 14,000 square mile (36,260 square kilometers) area during a four-day time period, said Ken Kunkel, …

California to Streamline Independent Adjuster Licensing Process

A new program to streamline the licensing process for independent adjusters has been announced by California Insurance Commissioner Dave Jones. A Universal Claims Certification (UCC) program from Claims and Litigation Management Alliance (CLM) has been created to streamline the licensing …

Beam Crack Causes Closure of San Francisco’s New Transit Terminal

The so-called “Grand Central of the West” is closed out of safety concerns after workers discovered a crack in a support beam of the $2 billion transit terminal that opened just last month. Workers discovered the crack early Tuesday while …

Uber to Pay $148M in Settlement of 2016 Data Breach

Uber Technologies Inc. will pay $148 million to settle claims related to a large-scale data breach that exposed the personal information of more than 25 million of its U.S. users. The settlement, spanning all 50 states and the District of …

Fatal Drunk Driving Crashes Higher in Certain Northwestern Indiana Counties

A newspaper review has found that three northwestern Indiana counties have a higher percentage of fatal drunken-driving crashes than the rest of the state and the U.S. because of the region’s heavy traffic, weather and other factors. The (Northwest Indiana) …