Hawaiian Electric Industries Inc. is among the companies that have tentatively agreed to pay more than $4 billion to resolve hundreds of lawsuits over the wildfires that ripped through Maui last year, according to people familiar with the deal. The …
A new report warns that compounding natural disasters introduce new, interconnected, and complex risk scenarios — and points to a need to reimagine efforts that support disaster preparedness, mitigation, and recovery “in an era of intensifying extreme weather-climate events and …
The MEMIC Group promoted Stacey Foote to vice president of claims. Foote will oversee MEMIC’s Eastern Region claims handling operation, including the Northeast, Mid-Atlantic and Southeast territories. She has been part of MEMIC since 2004, starting as a compensation specialist …
First, a North Carolina man filed a claim with Farm Bureau Insurance. Then he threatened three insurance agents with violence when he wasn’t paid as much as he expected, according to state authorities and one of the insurance agents. Brody …
Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025, as general inflation and claims inflation conditions soften, according to Swiss Re in a report, which discusses the macroeconomic factors …
Hyundai Motor America is recalling nearly 67,000 vehicles in the U.S., the U.S. National Highway Traffic Safety Administration said on Thursday. The company is recalling about 54,647 vehicles over loss of drive power from a fuel pump failure and about …
MOREHEAD, Ky. (AP) — To harvest tomatoes, peppers and cucumbers, to clip herbs, to prune and propagate succulents, people work in oppressive heat and humidity. Some wring out shirts soaked with sweat. Some contend with headaches, dizziness and nausea. Some …
An Amazon distribution center worker in Virginia whose job entailed repetitive lifting and stowing of items all day and who suffered rotator cuff tears has been denied workers’ compensation benefits because she failed to prove her injury resulted from an …
Read the first part in this series, The Problem(s) With Hail Claims, Part 1: A Cautionary Tale for Insureds and Insurers, and the second part in this series, The Problem(s) With Hail Claims – Part 2. My previous two columns …
DES MOINES, Iowa (AP) — Record flooding and powerful tornadoes ravaged parts of Iowa for weeks this spring, destroying or damaging thousands of homes, closing roads and bridges and costing over $130 million in infrastructure damage, officials said. The disasters …