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Keeping Flood Insurance Above Water: Commentary

With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform Act has passed the House and moved to …

Neighbors Need Not Waive all Legal Claims Linked to Duke Energy Coal Ash Pits

Neighbors of Duke Energy Corp.’s unlined coal ash pits in North Carolina went to court after the company said their $5,000 “goodwill” payments required them to give up future health claims linked to contaminated well water, but now they’re ending …

P/C Insurance Industry’s 2017 Net Income Dropped 30.3% in 9 Months

The private U.S. property/casualty insurance industry saw its net income after taxes drop to $22.4 billion in nine-months 2017 from $32.1 billion in nine-months 2016—a 30.3 percent decline—and its overall profitability as measured by its annualized rate of return on …

NTSB Says Lives Were at Risk During Chaotic 2016 Evacuation of Jet in Chicago

The emergency evacuation of a wide-body airliner in Chicago was anything but orderly. As flames engulfed the right wing, passengers screamed and clambered over seats even before the American Airlines jet came to a stop on the runway after the …

Losses From Southern California Fire Could Reach $2.5B, Expert Says

Losses from the Thomas Fire in Southern California are expected to fall between $1 billion and $2.5 billion, a catastrophe modeling firm said on Tuesday. The Thomas Fire, which raged across Southern California’s Ventura and Santa Barbara counties throughout most …

Business News: Hartford InsurTech Hub, Aziel Corp., Good2Go, Beazley

Hartford InsurTech Hub Partners With Crawford & Company Hartford InsurTech Hub, powered by Startupbootcamp, announced a new partnership withCrawford & Company,a global independent provider of claims management solutions to insurance companies and self-insured entities. The partnership was formed through Crawford …

CoreLogic: Wildfires, Floods Dominated Natural Hazards in 2017

Last year’s weather hazards reflected a mostly average season, with the exception of wildfires in California and flooding as a result of Hurricanes Harvey and Irma, according to CoreLogic’s annual Natural Hazard Risk Summary and Analysis released last week. The …

NICB: Insured Tailgate Thefts Show Slight Decline in 2017

According to a new report released by the National Insurance Crime Bureau, insured tailgate thefts have stabilized since 2014. NICB analysis shows that in 2016, there were 1,877 claims for tailgate theft identified in ISO ClaimSearch, an insurance industry claims …

Data Breach Fatigue Detrimental to Cybercrime Prevention

If you shop online or swipe a credit or debit card when out to eat, you’ve likely received a notice your personal information was compromised in a data breach. And if you’re like most consumers, chances are you did nothing …

Top 10 Employment Discrimination Charges in 2017

A total of 84,254 workplace discrimination charges were filed with the Equal Employment Opportunity Commission (EEOC) nationwide during fiscal year (FY) 2017, according to the federal agency. The EEOC said it secured $398 million for victims in the private sector …

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