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School Flood Damage in Baton Rouge Tops $60M

Officials estimate that it will cost more than $62 million and years of work to repair flooded schools in Baton Rouge. The Advocate reports that of the 10 schools that were forced to temporarily relocate because of the August flood, …

Red River Flooding Concerns on the Rise in Midwest

After several dry springs, communities are keeping a wary eye on the Red River in case it’s due for another flood. The region has been soaked with double the usual amount of winter rain, sleet and snow this winter, prompting …

Demotech Suspends Florida Insurer Rating Criteria; Says Downgrades Coming

Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led a ratings company to change the criteria it uses when rating insurers in the state. The announcement comes as insurers get ready to announce their 2016 …

Concussion Effects on Driving Linger After Symptoms Disappear

The effects a concussion has on driving a vehicle may continue to linger even after the symptoms disappear, according to a new study by University of Georgia researchers. Julianne Schmidt, associate professor in the UGA College of Education’s department of …

Anchorage Considering A Second Chance for Ridesharing

Anchorage, Alaska officials are set to consider a proposal that would allow ridesharing companies such as Uber and Lyft to operate in the city this coming year. The ordinance has been drafted by Anchorage Assembly member Bill Evans. He said …

NFP Acquires Mattecheck & Associates in Oregon

NFP Corp. has acquired Portland, Ore.-based Mattecheck & Associates Inc. Terms of the deal were not disclosed. Bill Mattecheck, principal of the firm, will become a senior director of NFP and report to John Hohman, managing director. Mattecheck is an …

How Firms Rate on Cyber Readiness and Why Some Don’t Buy Cyber Insurance: Hiscox Report

A study of 3,000 companies in the UK, U.S. and Germany, reveals that more than half (53 percent) of businesses in the three countries are ill-prepared to deal with cyber-attacks. Fewer than one-third (30 percent) qualify as “expert” in overall …

U.S. Risk Underwriters Names Berkley Program’s Carter as President

U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas,, has named Wayne H. Carter, III as president of U.S. Risk Underwriters Inc., its programs group. Carter will assume senior level management responsibilities for all the U.S. …

Ups Beat Downs in P/C Insurer Credit Ratings in 2016: A.M. Best

Credit rating activity in 2016 turned positive as upgrades outpaced downgrades for the U.S. property/casualty industry, despite insurers having to face pressure on underwriting results and a low investment yield environment, according to A.M. Best. The number of Long-Term Issuer …

OnDeck’s Hobson Named CEO of Online Small Business Insurance Platform Attune

Attune, the data-enabled small business platform established by American International Group, Hamilton Insurance Group and affiliates of Two Sigma Investments has named James Hobson, currently chief operating officer of online small business lender OnDeck, to be its chief executive officer. …

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