September 30, 2022
Insurers are bracing for a hit of between $28 billion and $47 billion from Hurricane Ian, in what could be the costliest Florida storm since Hurricane Andrew in 1992, according to U.S. property data and analytics company CoreLogic. Wind losses …
September 29, 2022
Experts predicted insured losses from Hurricane Ian could earn it a spot as one of the costliest natural disasters in history after the storm rapidly intensified before coming ashore in Southwest Florida with 150 mph wind and began a crawl …
May 20, 2022
Sedgwick acquires Orchid Medical Sedgwick has acquired Orchid Medical, a nationwide provider of ancillary medical management services for the workers’ compensation industry. The Memphis, Tennessee-based claims administrator said in a press release that the acquisition represents an investment in the …
March 3, 2022
IAT Appoints Senior VP for Claims IAT Insurance Group has appointed Heidi Bendick as senior vice president of claims operations. “Heidi has a winning mix of technical knowledge, industry experience and people skills,” stated Chief Claims Officer Trent Haas in …
October 27, 2021
Hippo Taps Hiscox Executive For Claims Digital home insurer Hippo hired a former Hiscox executive to be its first chief claims officer, with a mission to expand claims operations for the now publicly-traded California-based insurtech as it grows nationally. Grace …
September 17, 2021
ClaimsPro Buys CJ Hester ClaimsPro, a Chicago-based independent claims adjusting firm, has acquired CH Hester, an adjusting company based in Mobile, Ala. ClaimsPro said the acquisition will broaden its geographic reach. CJ Hester serves Alabama, Florida, Georgia, Louisiana, Mississippi and …
September 9, 2021
Insured losses from Hurricane Ida are now creeping into the $30 billion range after catastrophe modelers added damage to properties in the Northeast, putting the catastrophe on par with Hurricane Irma and Harvey in 2017 and Superstorm Sandy in 2012. …
September 3, 2021
Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic. The estimate did not include losses from …
September 3, 2021
Hurricane Ida and Hurricane Katrina in 2005 made landfall within 50 miles of one other and each carried 150 mph winds at one point, but the amount of death and destruction caused by the two storms was vastly different because …
January 27, 2021
In case you forgot, the year that just passed brought an unprecedented number of catastrophes — not to mention COVID-19. Three insurance industry reports issued this week chronicle just how bad 2020 was for property insurers. CoreLogic released a chronology …