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Archive for August 2019

South Dakota Town Recovering From Tornado Damage

TOWN OF BURKE, S.D. — As a small town in southern South Dakota recovers from a tornado that caused extensive damage and destroyed its civic center, some residents are asking why the community’s warning siren didn’t sound. The EF-1 tornado … Source: Claims Journal

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Texas Power Demand to Hit Record Highs as Heat Bakes State

Demand for electricity in Texas will reach record levels on Monday and Tuesday as consumers crank up their air conditioners to escape a heat wave baking much of the U.S. Southeast, according to projections by the state’s power grid operator. … Source: Claims Journal

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Zurich Insurance Chief Set to End Revamp Ahead of All Goals

Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of underwriting performance, declined to 95.1%, the company … Source: Claims Journal

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Business News: Greenlight Re, Ontellus, Munich Re

Greenlight Re Invests in Handdii Greenlight Re Innovations, a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has investment in Handdii Pty Ltd., a property insurance claims fulfillment platform. Handdii, an insurtech based in Melbourne, Australia, provides … Source: Claims Journal

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Study Links Cheating on Spouse with Professional Misconduct

People who cheat on their spouses are a lot more likely to engage in misconduct in the workplace, according to a new academic study. The researchers looked at the records of police officers, financial advisers, white-collar criminals and senior executives … Source: Claims Journal

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Honolulu Authorities Investigate Arsons at 3 Waikiki Hotels

HONOLULU — Honolulu police said Wednesday surveillance video recorded images of the same man at three different high-rise hotels near Waikiki Beach where fires were intentionally set in recent days. Two rooms were burglarized while guests were evacuated from one … Source: Claims Journal

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