News

Hazardous Waste Illegally Stored in Missouri

Thirteen million pounds of hazardous waste has been illegally stored in a building in an eastern Missouri flood plain for nearly four years, according to federal and state documents obtained by the St. Louis Post-Dispatch . The newspaper reports that …

House Passes Bill to Speed Introduction of Self-Driving Cars

U.S. House lawmakers passed a wide-ranging bill to speed the introduction of self-driving vehicles championed by tech and auto companies racing to develop and deploy the technology. “With this legislation, innovation can flourish without the heavy hand of government,” Ohio …

Citizens Braces for Irma’s Wrath, Could Lead to Higher Premiums

A decade-long lucky streak of decent weather that helped rescue one of Florida’s biggest home insurers from collapse could come to a wet, violent end if predictions about Hurricane Irma prove true. The state-run Citizens Property Insurance Corp. is strong …

10 Tips on Responding to Claimant Complaints

Although insurance carriers care deeply about the approval ratings from their policyholders, claims responses to claimant complaints are often stodgy, mistake-ridden and vague. The following 10 brief tips will help you catch and correct problems before sending out these important …

Oregon Wildfire Sparks Eruption Comparisons

People in Oregon covered their faces with scarves to keep choking ash from wildfires from filling their lungs and wiped the soot from windshields, similar to what long-time residents said they had to do in 1980 during the volcanic eruption …

People Moves: Navigators, EMC, AIG

Ryan Appointed President, Navigators Specialty Casualty Tim Ryan has been promoted to president, Specialty Casualty. In his new role, he will be responsible for strategy and execution of Navigators’ Specialty Casualty product offerings in the wholesale market space. Ryan, who …

Risk Managers’ Top Concern is Privacy When it Comes to Using Drones

When it comes to commercial drones usage, 61 percent of risk managers are concerned about the potential for invasion of privacy, according to a 2017 survey conducted by Munich Reinsurance America, Inc. (Munich Re, US) during the Risk Management Society …

China Startup Races Tesla With Driverless Trucks in Arizona

A Chinese startup with powerful backing plans to test a fleet of self-driving trucks in Arizona and Shanghai next year, competing with Uber Technologies Inc. and Alphabet Inc.’s Waymo in transforming the way goods are delivered. Haulage is ripe for …

Harvey Coverage Questions Loom for Businesses

Harvey’s lengthy stay over Texas and Louisiana, first as a hurricane and then as a tropical storm, will result in considerable losses for businesses located in both states. According to Finley Harckham, a shareholder in the Insurance Recovery Group at …

Not Enough Rental Cars for Drivers Flooded by Harvey

His three vehicles flooded by Hurricane Harvey, Jason Bell checked at one car-rental office only to find about 2,500 people ahead of him on the waiting list. When he tried a more out-of-the-way location, the reservations still numbered about 300. …

News Archives by Month