Daily Archives: <span>February 8, 2018</span>

Climate Change and the ‘Fire Insurance Predicament’

A Washington-based conservative group is suing for information on the U.S. government’s “backstage work” on the Paris agreement it says will help pave the way for President Trump’s withdrawal from the agreement. The Competitive Enterprise Institute recently filed a lawsuit …

California Department of Insurance Says it Recovered $81.3M for Consumers

Insurance Commissioner Dave Jones announced on Thursday that the California Department of Insurance recovered more than $81.3 million for consumers during 2017 through consumer complaint investigations and market conduct examinations of insurance companies. Last year the department’s consumer hotline reportedly …

Managing the CEA’s growth would be easier with this one small fix

The California Earthquake Authority, the state’s privately funded and publicly managed earthquake “instrumentality,” is growing like mad. A spate of recent natural disasters—in combination with savvy management, new product offerings and a concerted effort to raise the profile of earthquake …

HVACi Acquires Kentucky-Based Donan Engineering’s HVAC Forensics Division

HVAC Investigators (HVACi), a national provider of HVAC damage assessments for insurance claims, has acquired Donan Engineering’s HVAC Forensics division, based in Louisville, Ky. The consolidation of two brands in is anticipated to benefit the customer bases of both organizations …

Underground Coal Miner Killed in West Virginia

Authorities say a coal miner has been killed at an underground mine in northern West Virginia. The West Virginia Office of Miners’ Health, Safety and Training says the incident occurred shortly before 4 a.m. Tuesday at Wolf Run Mining LLC’s …

South Carolina Notifies Insurers of Workers’ Comp Loss Cost Updates, Filing Requirements

South Carolina has alerted insurers of several changes to loss costs for the state’s voluntary and assigned risk workers’ compensation markets, and has issued a requirement that updated loss cost multipliers be filed in response to the recent termination of …

Texas Appeals Court Says Federal Law Preempts State on Air Ambulance Fees

An appellate court in Texas has ruled that federal law, as opposed to state regulation, prevails when it comes to the amount an air ambulance service may charge insurance companies for its services. The ruling of the Austin Court of …

Tort Reform Upstages Effort to Put Road Funding Measure on Arkansas Ballot

The Arkansas Highway Commission has voted to drop an effort to put a road funding plan on the November ballot and instead will try again with a proposal it will advocate to lawmakers next year. Commissioners cited the difficulties they …

Validus Specialty Launches Standalone Cyber Insurance Product

The Cyber and Technology insurance group of Validus Specialty Underwriting Services, Inc. have expanded its offering with a standalone cyber insurance product focused on privacy and network protection coverage. The product is tailored for U.S. companies with revenue between $150 …

U.S. Weather Service Test Became False Tsunami Warning on East Coast

A tsunami warning was erroneously sent Tuesday to some mobile phones along the East Coast and other coastal locations, less than a month after a false notification of a missile attack in Hawaii was sent by that state’s emergency service …