Insurance Roundup, November 28, 2018


News – Insurance Journal Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

News – Claims Journal Insurance news and resources for the claims industry

  • Report: Fire-Resistant Homes Don’t Have to Cost a Fortune

    by Christopher Flavelle on 2018-11-28 at 09:20Homes in wildfire-prone areas around the U.S. could be built to better withstand blazes without increasing the cost of construction, according to a new report. The research released Tuesday was sponsored in part by the insurance industry and marks the […]

  • Flood insurance rebuilds homes with public money repeatedly

    by EMERY P. DALESIO on 2018-11-28 at 09:05Floodwaters rose about 15 inches (40 centimeters) into Danielle Rees’ home in September when Hurricane Florence drenched this tidewater city on the Pamlico River and overwhelmed a local creek and marshland. The first floor was a sopping mess of gritty, […]

  • Philadelphia Archdiocese Will Set Aside $25M for Abuse Victims

    by MARK SCOLFORO on 2018-11-28 at 09:04The Roman Catholic Archdiocese of Philadelphia said Tuesday it is putting aside $25 million to start paying claims to people who say its clergy sexually abused them as children. The archdiocese said it expects to need more money than it […]

  • Spinal-Cord Stimulators Present Problems for Some Patients

    on 2018-11-27 at 14:50Desperate for relief after years of agony, Jim Taft listened intently as his pain management doctor described a medical device that could change his life. It wouldn’t fix the nerve damage in his mangled right arm, Taft and his wife […]

  • Lion Air Pilots Battled Confusing Warnings Before Crash

    by Alan Levin and Harry Suhartono on 2018-11-27 at 10:45The Lion Air pilots whose plane nosedived into the Java Sea in October, killing all those aboard, were battling multiple malfunctions almost as soon as the doomed flight began, according to a trove of new data released by Indonesian investigators. […]

  • Drone Use Presents New Risks

    by Denise Johnson on 2018-11-27 at 09:46Originally used for defense by the military, drones are increasingly being used by a variety of industries. With increased use comes the potential for more risks. Brandon Almond, an attorney with Troutman Sanders, discussed common risks associated with drones during […]

  • Technology Shapes Insurers’ Wildfire Response

    by PAT EATON-ROBB on 2018-11-27 at 09:30As wildfires raged this month in California, insurance claims experts at Travelers sat in a command center 3,000 miles (4,828 kilometers) away in Connecticut, monitoring screens showing satellite images, photos from airplane flyovers and social media posts describing what was […]

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Bad Faith May Arise Out Of Wrongful Misrepresentation in Application Denial

    by Chip Merlin on 2018-11-28 at 05:16Suspicion runs rampant with some insurance companies when it comes to alleged arson. Even if they cannot prove the policyholder had anything to do with a fire, some adjusters cannot help to look for other ways to deny an insurance claim. In Hayes vs. Metropolitan Property and Casualty Insurance Company,1 an insurer was held liable…… Continue Reading […]

  • What’s Next? Stop-Gap Flood Insurance Extension Set To Expire On November 30, 2018

    by Verne Pedro on 2018-11-27 at 05:15On November 30, 2018, the legislative authority that allows the National Flood Insurance Program (NFIP) to operate, will expire. The NFIP was originally set to expire on September 30, 2017. Since then NFIP has continued under a series of short-term extensions ever since; the current extension was authorized in July 2018. With the deadline fast…… Continue Reading […]

  • What Every Policyholder Has To Know About Their Hurricane Michael Loss

    by Nicole Vinson on 2018-11-26 at 05:15In the wake of Hurricane Michael, some policyholders are starting to see a response from their insurance companies for their home and business losses. The extent and the magnitude of the damages that Hurricane Michael caused has been captured by some media outlets but down played by others. Many of those dealing directly with the…… Continue Reading […]

  • Ambiguous Insurance Application Language Leads to Bad Faith Award

    by Marie Laur on 2018-11-25 at 05:15A Nebraska court recently ruled that an insured was entitled to bad faith damages after the court found that an insurance application was ambiguous in its language. In the case at hand, Eric Hayes (“Hayes”), the plaintiff and insured, owned a home in Nebraska. He used the detached garage of the home for his plumbing…… Continue Reading […]

  • State Supreme Court asked to Resolve Conflicting State Insurance Laws – T-Mobile USA v. Selective Insurance: Take Two

    by Lawrence Moon on 2018-11-24 at 05:15Earlier this month, the Ninth Circuit Court of Appeals asked the Washington State Supreme Court to resolve a conflict between two Washington state insurance law principles, namely, the conflict between (1) the rule that an insurance company is bound by representations made by its authorized agents, and (2) the rule that certificates of insurance cannot…… Continue Reading […]

  • Calculating Actual Cash Value, Part 32: Virgin Islands

    by Shane Smith on 2018-11-23 at 05:15Many Virgin Islands property owners have submitted claims to their property insurance carriers relating to claims from Hurricanes Irma and Maria. One issue that may arise during the adjustment of the claim is how the insurance carrier will calculate the “actual cash value” damages to the property. In the Virgin Islands, this issue has not…… Continue Reading […]

Global Risk Insights Political Risk for the 21st century

  • A true European army is coming

    by Louis Cox-Brusseau on 2018-11-27 at 23:48French President Emmanuel Macron’s recent call for the creation of a ‘true European army’ was echoed in dramatic fashion by German chancellor Angela Merkel in mid-November and has brought the debate over a shared European military back into the public eye. This may mark a watershed moment in European politics. The debate has never been far from media headlines during the […]

  • Ukraine-Hungary: Beyond passports and languages

    by Luke Bacigalupo on 2018-11-25 at 15:13Relations between Hungary and Ukraine are at a low point. Diplomats have been expelled from both countries following arguments of Ukraine’s language law and Hungary’s issuance of passports in Ukraine. The dispute has implications that go far beyond the two countries’ bilateral relations. The post Ukraine-Hungary: Beyond passports and languages appeared first on Global Risk […]

  • Putin’s Middle East gamble

    by Victoria Kelly-Clark on 2018-11-25 at 15:12Since 2015 Russia has used the Syrian civil conflict as a platform to gain power within the Middle East. Engaging militarily and economically with the region, Russia has renewed its place in the global power structure and has invested in securing a share of the Middle East’s energy wealth. The post Putin’s Middle East gamble appeared first on Global Risk Insights. […]

  • Climate Change: Heating up Arctic competition

    by Jonathan Hall on 2018-11-23 at 13:15Melting sea ice is revitalizing the Arctic’s geopolitical importance. Russia is proactively developing the area with the help of the Chinese government and has more bases than any other nation. Western states are looking to respond and economic competition has already begun, further militarization is likely to follow suit. The post Climate Change: Heating up Arctic competition appeared first on […]

  • Can Kosovo’s tariffs on Bosnia and Serbia last?

    by Luke Bacigalupo on 2018-11-23 at 13:12On 21st November, Kosovo imposed a 100% tariff on all goods produced in Bosnia and Herzegovina and Serbia, increasing the 10% tariffs that were imposed on 6th November. The tariffs contradict the Central European Free Trade Agreement (CEFTA) of which all three territories are signatories. Kosovo has issued similar tariffs before and regularly claims that its products are not treated equally in […]

Canadian Underwriter Insurance and Risk News and Analysis. #1 in Canada

  • Why this commercial line is unprofitable

    by Greg Meckbach on 2018-11-27 at 23:29Commercial brokers could see fewer carriers offering directors and officers (D&O) liability in the future. That’s because “market consolidation is something that you might see on the carrier side,” said Ian Fraser, assistant vice president of technology, cyber and professional… The post Why this commercial line is unprofitable appeared first on Canadian Underwriter. […]

  • What carriers want from this insurtech brokerage

    by Greg Meckbach on 2018-11-27 at 23:05Some insurers are looking for brokers who can help them use big data to customize products for small businesses, an insurtech founder suggests. “Big data is a loose term,” Mark Morissette, founder and CEO of Foxquilt said Tuesday in an… The post What carriers want from this insurtech brokerage appeared first on Canadian Underwriter. […]

  • How future technology will help brokers, not replace them

    by David Gambrill on 2018-11-27 at 22:21In a future characterized by “the trillion-sensor economy,” data will become the foundation of broker innovation, an insurtech innovator said Monday at the 2018 Top Broker Summit, hosted by Canadian Underwriter in Toronto. To prepare, brokers need to build strategies… The post How future technology will help brokers, not replace them appeared first on Canadian Underwriter. […]

  • How consolidation can “regenerate” MGAs

    by David Gambrill on 2018-11-27 at 22:03Consolidation could potentially wind up regenerating Canada’s broker channel generally and managing general agents (MGA) specifically, a senior executive told delegates attending the 2018 MGA Symposium in Toronto on Tuesday. Organized by insurance-canada.ca, the event featured a panel of MGA… The post How consolidation can “regenerate” MGAs appeared first on Canadian […]

  • Flood watches in effect for British Columbia

    by Greg Meckbach on 2018-11-27 at 21:40VANCOUVER – Drenching rain that has deluged British Columbia’s south coast since Sunday night should begin to relent over the next 24 hours, although Environment Canada says another 40 millimetres of precipitation is expected across parts of the region by… The post Flood watches in effect for British Columbia appeared first on Canadian Underwriter. […]

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world

InsureZero Blog All you need to know about Insurance

  • Patio Design Ideas That Will Transform Your Outdoor Space

    by dereklotts on 2018-11-23 at 20:00Whether it’s winter or summer, a beautiful outdoor space is the perfect place for enjoying the warm rays of sunlight or drinking a cup of tea on a chilly evening. However, for a truly enriching experience, you should introduce several enticing ideas to make your patio more enjoyable, comfortable and stylish for your time spent […] Patio Design Ideas That Will Transform Your Outdoor […]

  • How to Ensure the Optimal Water Quality for Your Home

    by Lillian Connors on 2018-11-23 at 12:24There’s been a lot of talk lately about turning our homes green and reducing the energy waste, but it seems that not many people are concerned about the quality of water in their own homes, or at least they’re not discussing it as much,which might pose a problem. It’s extremely important that the water in […] How to Ensure the Optimal Water Quality for Your Home Author: […]

  • Should I Involve my EMS Partner in Design for Manufacture

    by David Webb on 2018-11-22 at 10:37Strategic partnerships between Original Equipment Manufacturers (OEMs) and Electronic Manufacturing Services (EMS) brands are quickly becoming the essential drivers of success in the increasingly competitive manufacturing world. Given the ever-fluctuating consumer trends and the demand to innovate, improve, and expedite all processes in the industry for better quality, reliability, and […]


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