insurance News

Oregon Audit Finds Insufficient Oversight of Harassment Investigations

An Oregon Secretary of State audit has found the Department of Administrative Services does not provide sufficient oversight of investigations into workplace discrimination and harassment throughout state government. The Statesman Journal reports the audit, released Wednesday, also concluded that investigations …

Kansas Sees Another COVID-19 Spike, Counties Worry About Aid

Kansas reported another seven-day record for new coronavirus cases, with 16% of the tests for the virus during that period coming back positive on Monday. The continued spike in confirmed and probable cases comes as officials in some Kansas counties …

Critical Values in a Property’s Lifecycle

This post is part of a series sponsored by CoreLogic. Accurate valuation is critical to the primary functions of the real estate economy. From the listing of a property all the way through acquiring insurance, there are 3 critical moments …

21 Shipping Containers Fall Overboard off Hawaiian Islands

At least 21 shipping containers fell from overboard into the ocean near Hilo this week, the U.S. Coast Guard said. Nine of the 40-foot shipping containers were located and 12 remained missing, the Coast Guard said. The crew of the …

Insurance Survey: How Is Pandemic Affecting Your Life, Your Work, Your Industry?

No matter where you work in the P/C insurance industry, your experience is important. How is the coronavirus pandemic affecting you now? Going forward? What do you expect to change? When will you be ready to travel? How do you …

Six Things to Know About the Recent Impasse Between Regulators and Insurers in the Aftermath of California’s Devastating Wildfires

This post is part of a series sponsored by CoreLogic. California’s 2017 and 2018 catastrophic wildfire events hit state insurers historically hard, with record-breaking losses of over $25 billion.1 2 Three years later, state regulators, utility companies, and insurers are …

Man Gets 15 Years for Conspiring to Set Fire to His Business in Maryland

A man convicted of conspiring to set fire to his Maryland business to collect insurance money has been sentenced to 15 years in federal prison. The office of the U.S. Attorney in Maryland said Demetrios Stavrakis, 54, of Lutherville-Timonium, was …

2019 Natural Hazard Report Highlights Long Tail of Financial Recovery

This post is part of a series sponsored by CoreLogic. Preparing for a catastrophe is a science. This science involves models built from data and analytics that can capture the worst-case scenario for businesses and homeowners. Knowing exactly what the …

2018 California Wildfires – An Actuarial Review

This post is part of a series sponsored by CoreLogic. 2018 was another catastrophic year for wildfires across the United States. Nearly 9 million acres burned, and many lives, homes and businesses were lost. California alone had over 1.8 million …

Factors that Contribute to Prolonged Recovery after California Wildfires

This post is part of a series sponsored by CoreLogic. As strong winds further exasperate the prime weather conditions for wildfires in California, efforts to save lives and property are a foremost priority of emergency responders and state officials. To …