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New Jersey Towns to Share $7.5M for Flood Buyouts

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Two New Jersey towns will share $7.5 million in federal grants to fund the acquisition and demolition of homes in flood-prone areas. Woodbridge will receive more than $3.8 million to buy and demolish 98 homes and Manville will receive $3.7 … The post New Jersey Towns to Share $7.5M for Flood Buyouts appeared first on…

Willie Nelson becomes latest celebrity in marijuana business

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Country music star Willie Nelson announced plans Monday to roll out his own brand of marijuana, capitalizing on his association with pot and the unofficial stoner holiday, 4/20. The move makes the 81-year-old “Roll Me Up and Smoke Me When … The post Willie Nelson becomes latest celebrity in marijuana business appeared first on Claims…

Transportation Officials Issue Emergency Oil Train Safety Measures

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An emergency order requiring trains hauling crude oil and other flammable liquids to slow down as they pass through urban areas and a series of other steps to improve the safety were announced Friday by the Department of Transportation. The … The post Transportation Officials Issue Emergency Oil Train Safety Measures appeared first on Claims…

Series of Snowstorms Raised New Hampshire Costs by $9M

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This winter’s series of heavy snowfalls put a $9.2 million hurt on the state’s annual snow removal budget and led to a raid on the fund that pays for road and bridge repair and maintenance, according to figures compiled by … The post Series of Snowstorms Raised New Hampshire Costs by $9M appeared first on…

Former Georgia Mayor Charged With 12 Counts of Insurance Fraud

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The former mayor of Milledgeville, Ga., has turned himself in to face a dozen charges of insurance fraud. The Macon Telegraph reports 52-year-old Richard Bentley was booked at Baldwin County Jail on Monday. Officers say Bentley is under arrest for … The post Former Georgia Mayor Charged With 12 Counts of Insurance Fraud appeared first…

Seattle Tunnel Subcontractor Fined for Accident

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Washington state safety regulators issued two citations and a $2,050 fine against the subcontractor overseeing workers injured when a wall in the north portal of the Seattle tunnel project collapsed. Four iron workers fell on Feb. 12, including one who … The post Seattle Tunnel Subcontractor Fined for Accident appeared first on Claims Journal. Source:…

Uncontrolled Squatter’s Warming Kitchen Fire May Not Be Vandalism Under Vacancy Exclusion

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On April 3, 2015, over a dissenting opinion, the state Court of Appeal in Los Angeles held in Ong v. Fire Ins. Exchange that a vacancy vandalism coverage exclusion was not triggered by a transient who, to get warm, set … The post Uncontrolled Squatter’s Warming Kitchen Fire May Not Be Vandalism Under Vacancy Exclusion…

AIG Invests in K2 Intelligence to Strengthen Cyber Mitigation Capabilities

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American International Group recently announced that it has acquired a minority stake in K2 Intelligence, an investigative consultancy. The companies have agreed to co-develop products and services that support AIG’s efforts to help clients mitigate and manage their cyber risk, … The post AIG Invests in K2 Intelligence to Strengthen Cyber Mitigation Capabilities appeared first…

RMS Estimates Insured Losses From Windstorm Niklas Could Hit $1.5B Euro

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RMS, the a global catastrophe risk management firm, estimates that insured property losses from Windstorm Niklas will fall between 750 million and 1.5 billion euro. Losses in Germany will account for around three quarters of the total loss. The loss … The post RMS Estimates Insured Losses From Windstorm Niklas Could Hit $1.5B Euro appeared…

Painkiller Deaths Increased in New York State Between 2003 and 2012

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Overdose deaths involving prescription opioid painkillers in New York State increased from 2003 through 2012, according to a Morbidity and Mortality Weekly Report released by CDC this month. Vital statistics and Medicaid claims reveal that opioid overdose death rates were … The post Painkiller Deaths Increased in New York State Between 2003 and 2012 appeared…