Archive for September 2018

Behold the awesome power of water. Already the ocean is swallowing beaches, roads and anything else in the way of Hurricane Florence‘s monstrous storm surge. Storm surges aren’t walls of water, like a tsunami, as commonly thought. Caused by a … Source: Claims Journal

Torrential wind and storm surge from Hurricane Florence could cause between $3 – $5 billion in insured residential and commercial property losses, according to CoreLogic, a global property information, analytics and data-enabled solutions provider. The new estimate doesn’t include insured … Source: Claims Journal

Federal investigators were dispatched to three towns just outside Boston after dozens of explosions and fires along NiSource Inc.’s natural gas network left at least one person dead and 13 injured and displaced over 8,000 customers. Massachusetts State Police reported … Source: Claims Journal

An investigation revealed that a truck driver who authorities say caused a crash that killed him and three Idaho airmen had more than 20 traffic violations in several states. Illya Tsar was driving a 2019 Volvo tractor-trailer east on Interstate … Source: Claims Journal

NHL Commissioner Gary Bettman downplayed the significance of entering mediation with former players in a bid to settle a concussion lawsuit, saying Tuesday the league is simply following a judge’s order. “The judge asked us to go into mediation and … Source: Claims Journal

Puerto Rico’s governor said Tuesday that his administration has adopted new measures to better prepare for a disaster like Hurricane Maria although he warned of limitations given the U.S. territory’s economic crisis. Gov. Ricardo Rossello said two warehouses filled with … Source: Claims Journal

Mega workers’ comp claims – losses exceeding $10M – jumped in 2016, according to a new report by the National Council on Compensation Insurance (NCCI). According to Tony DiDonato, author of the research brief, it’s unclear if this is a … Source: Claims Journal

Two recent California wildfires are now counted among the most destructive wildfires in the state’s history, according to Insurance Commissioner Dave Jones. Insured residential and commercial losses from the Carr and Mendocino Complex fires top $845 million. The insurance commissioner … Source: Claims Journal

Five years ago, encouraged by home builders and an anti-regulatory zeal, lawmakers in North Carolina joined other states in weakening building code requirements. It’s a decision they may regret as Hurricane Florence takes aim at the Carolinas. The Legislature in … Source: Claims Journal

Changes in the path and intensity of Hurricane Florence are keeping forecasters, government officials and insurers on their toes. An update by AIR Worldwide yesterday indicated that storm surge heights of 9-13 feet could be expected. “Florence’s slow motion just … Source: Claims Journal