Archive for October 2018
Michael Highlights Florida Panhandle’s Weak Building Codes
Unlike in South Florida, homes in the state’s Panhandle did not have tighter building codes until just 11 years ago; it was once argued that acres of forests would provide the region with a natural barrier against the savage winds … Source: Claims Journal
Read MoreFEMA Chief Slams U.S. Failure to Prepare, Evacuate Before Storms
Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and leaders to better prepare for natural disasters such as Hurricane Michael. “It’s frustrating to us because we repeat this same cycle over … Source: Claims Journal
Read MoreWorking Though Allocation Issues When Multiple Storms Happen
A nuanced approach is necessary to work through claims involving multiple perils, according to Bob O’Brien, managing director of Marsh’s National Property Claims Practice and Paul McVey, managing director and Marsh’s National chief property claims officer. A recent blog post … Source: Claims Journal
Read MoreLos Angeles Highway Crash Leaves 25 Hospitalized, 5 Serious
Twenty-five people were taken to hospitals with mostly minor injuries following a series of crashes involving at least two cars and a bus that crashed through a concrete divider on a Los Angeles highway, authorities said. Five patients were in … Source: Claims Journal
Read MoreSenate Will Probe Pipeline Massachusetts Blasts Tied to Utility Work
A Senate oversight panel next month will convene a hearing to probe the series of explosions in September that rocked several towns north of Boston, an incident that federal investigators have linked to work orders by NiSource Inc.’s Columbia Gas … Source: Claims Journal
Read MoreCalifornia Train Agency Fined $650,000 for Worker Deaths
Regulators fined the San Francisco Bay Area’s transit agency $650,000 on Thursday for safety failures that led a commuter train to strike and kill two workers inspecting track five years ago during a union strike. The California Public Utilities Commission … Source: Claims Journal
Read MoreReport: Homes in Fire-Prone Areas Hike Missoula Firefighting Costs
Rapid population growth and the desire to live near forests means new housing in western Montana is being built in wildfire-prone areas, increasing taxpayer-funded fire suppression liabilities and putting lives and property in danger, according to a new study. Half … Source: Claims Journal
Read MoreIn a Proactive Move, PG&E Cuts Power to 60,000 to Prevent Wildfires
PG&E Corp. deliberately left customers in the dark for the first time as a precaution to prevent wildfires from breaking out. Almost 60,000 customers in six counties across the Sierra Nevada foothills and Northern California wine country were blacked out … Source: Claims Journal
Read MoreP/C Industry’s Net Income More Than Doubles to $34B in First-Half 2018
Private U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, growing premiums, and an increase in investment income, … Source: Claims Journal
Read MoreN.Y. Senator Says Feds Haven’t Done Enough to Investigate Limo Safety
On the heels of a horrific limousine crash that killed 20 people in upstate New York, the Senate’s top Democrat is pointing to glaring gaps in safety data that he says exist because federal officials have not done enough to … Source: Claims Journal
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