Monthly Archives: <span>July 2016</span>

Yacht Valued at $135K Stolen From Alabama Marina

Authorities are investigating after they say someone stole a $135,000 yacht in Orange Beach, Ala. Police say the 42-foot Sea Ray called “Tide Runner” was taken from the Wharf Marina. WKRG-TV says the incident was reported July 4. The owners …

More Former College Football Players Join Concussion Lawsuits Against NCAA

The latest round of class action concussion lawsuits against the National Collegiate Athletic Association (NCAA) were filed by former college football players from Stanford, Boston College, North Carolina, Wake Forest and BYU. The lawsuits were filed in federal courts last …

Florida Agents Putting New Law to Work to Attract Millennials to Insurance Careers

Florida insurance agents are trying to bolster the industry’s track record in attracting college graduates by employing a new state law that aligns college courses with the state’s licensing requirements. The insurance workforce development law, passed in 2015, gives the …

Academy Journal: CoBRA Zones, OPAs and Flood Coverage

Rapid development in coastal areas, on barrier islands and near habitat-rich wetland areas prompted the federal government to pass the Coastal Barrier Resources Act of 1982 (CBRA). This was a legislative effort to minimize loss to human life, wasteful federal …

Statistical Models for Zika Risk Management

The Pan American Health Organization first confirmed Zika virus infections in Brazil in May 2015. It took nine months for the World Health Organization (WHO) to declare an international public health emergency. It was then only a matter of days …

Tech Talk: Digital Dinosaurs and Insurance Competency

I have had agents tell me they have lost clients because of their “digital deficiencies,” which can include outdated websites and email systems and the lack of mobile capabilities. The exact mix of factors vary, however they all boil down …

Velosurance Takes Cycling to the Specialty Insurance Market

Cycling enthusiasts everywhere are watching what might be the world’s most famous bicycling event – the Tour de France – this month. They are also watching some of the world’s most expensive bicycles, which often cost as much as a …

Disaster Response: Pandemic Insurance to the Rescue

The shoe may eventually be placed on the other foot for the United States. This nation has a long-standing tradition of innovating products and ideas – particularly insurance products – and then exporting them to other countries. Now the U.S. …

How Agencies Can Prepare Before the Storm

Whether it’s an earthquake on the West Coast, a hurricane on the East Coast, tornadoes and floods in the Midwest, or an act of terrorism, all businesses have the potential of being faced with a disaster that can interrupt or …

S&P: Private Flood Insurance Products to Trickle In Slowly

Opening U.S. flood insurance to private insurers won’t lead to a surge of new market entrants, Standard & Poor’s asserts in a new report. Even if Congress passes legislation to make the change as it is widely expected to do, …