Penn State’s costs related to the Jerry Sandusky scandal are approaching a quarter-billion dollars and growing, five years after the former assistant football coach’s arrest on child molestation charges. The scandal’s overall cost to the school has reached at least …
Virginia State Police are urging residents to be cautious as they repair their homes and vehicles that suffered damage during Hurricane Matthew. Officials with the State Police Insurance Fraud say residents should check with their insurance provider to make sure …
Mark Shepherd, General Insurance Policy Manager at the Association of British Insurers (ABI), said: “Insurers will be doing everything possible to help customers hit by the latest floods. “They will be operating 24 hour emergency helplines to give customers immediate …
The Insurance Council of Australia (ICA) has declared a catastrophe after storms struck New South Wales, in particular Sydney’s eastern and southern suburbs. The ICA’s bulletin notes that the “storms brought wind in excess of 200kmh [124 mph], heavy rain …
Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred worldwide during November 2015. The report leads off with an …
The New York State Assembly recently approved a bill (A04458) that would require insurers to expedite claims investigation and settlement processes after declared disasters and emergencies. Under the legislation, which passed the Assembly on June 17, insurers would be required …
Oklahoma’s insurance commissioner says property owners who experienced flood damage during heavy rainfall in May and June have more time to file insurance claims. Commissioner John Doak said the Federal Emergency Management Agency has given National Flood Insurance Program policyholders …
Seven people in California and Washington were arrested for allegedly conspiring to defraud eight insurance companies by submitting fraudulent auto insurance claims totaling more than $175,000. Detectives from the California Department of Insurance, assisted by Snohomish County Marshall’s Office and …
Authorities say a Delaware County, Pennsylvania, nurse who said she was too injured to work was well enough to work 84 times as a fitness instructor. The Delaware County District Attorney’s office has charged 36-year-old Jamie Scott of Ridley Township …
California lawmakers are advancing a bill that would intercept more insurance payments and use them to pay beneficiaries’ overdue child support. About a quarter of insurance companies now voluntarily participate in the program. It collects about $17 million annually from …
