Sun.Aug 11, 2024

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Debby’s Florida Claims Already Near 12,000 as Yaworsky Says Market is Strengthening

Insurance Journal

The number of Florida claims from Hurricane Debby, filed within five days of the storm, already is almost half of the the number of claims filed in Hurricane Idalia in a three-month period.

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Understanding the Appraisal Process: Ensuring Compliance with Post-Loss Obligations

Property Insurance Coverage Law

As we continue our summer series on the appraisal process, it’s essential to delve into a crucial aspect: the obligation of the policyholder to comply with all post-loss obligations before moving forward with appraisal. In simpler terms, the appraisal process may not be “ripe” until these obligations have been fulfilled. The Rise of Appraisals and … The post Understanding the Appraisal Process: Ensuring Compliance with Post-Loss Obligations appeared first on Property Insurance Covera

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Museum of Ice Cream Sued by Man Injured Jumping Into Sprinkle Pool

Insurance Journal

A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is …

Injury 299
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The uninsurable world: rethinking how to cover for climate damage

Elmore

Start-ups, legacy groups and policymakers are working out how to operate in areas of rising weather risks The post The uninsurable world: rethinking how to cover for climate damage appeared first on Elmore Insurance Brokers.

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Clashing Risk Predictions Cast Doubt on Black Box Climate Models

Insurance Journal

Many companies offer detailed climate projections tailored to property-level precision. These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters.

Risk 290
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Large explosion, fire on containership in China port

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Large explosion, fire on containership in China port appeared first on Insurance Marine News.

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Debby Triggers Floods, Power Outages, High Water Rescues in Rural MidAtlantic, Northeast

Insurance Journal

First responders launched high-water and helicopter rescues of people trapped in cars and homes in rural New York and Pennsylvania as heavy rain from the remnants of Debby slammed the Northeast with intense floods.

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Labor Market Study: 14% of Carriers Plan to Reduce Headcounts

Insurance Journal

Fourteen percent of insurance companies plan to reduce employee headcounts in the next year, according to numbers from Aon and The Jacobson Group’s latest insurance labor market study.

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PCF Insurance Services Acquires DLD Insurance Brokers in California

Insurance Journal

PCF Insurance Services acquired the insurance business of DLD Insurance Brokers in Irvine, California. DLD Insurance Brokers specializes in serving companies in the construction, real estate, manufacturing, medical device and technology sectors.

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Amtrak Train Hits Tractor Trailer in Connecticut

Insurance Journal

An Amtrak train carrying nearly 100 passengers crashed into the rear section of a tractor trailer in Connecticut on Friday morning, causing minor injuries to a train engineer and damaging warning equipment at the crossing, authorities said.

Injury 264
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Antisemitism Lawsuit Against MIT Dismissed; One Against Harvard Allowed to Continue

Insurance Journal

A federal lawsuit accusing Massachusetts Institute of Technology of tolerating antisemitism after the Oct. 7 attacks in Israel has been dismissed while a similar one against Harvard University can continue.

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Gallagher Re: Insured Losses From Hurricane Debby to Be ‘Very Manageable’

Insurance Journal

Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure that would be “very manageable” for the industry, according to a report from Gallagher Re.

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