Industry News

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With Central, South Texas Awash in Water Governor Issues Disaster Declaration
October 19, 2018
Texas Gov. Greg Abbott has issued a State Disaster Declaration for 18 Texas counties impacted by recent severe weather and flooding that has caused widespread property damage and threatened loss of life. The governor’s declaration comes as rain conti …

Florida Residents Hit by Michael Return to Face Damage as Death Toll Climbs
October 19, 2018
More than a week after Hurricane Michael slammed into the Florida Panhandle, authorities are reporting three more deaths from the Category 4 storm as residents returning to their homes try to piece together their lives from the rubble left by …

DOI: Workers’ Comp Rates in Indiana to Drop Again Next Year
October 19, 2018
Businesses in Indiana can expect to pay less for workers’ compensation insurance coverage next year, continuing a trend that has been ongoing for several years. Insurance Commissioner Stephen W. Robertson has approved an average 7.6 percent reduction …

Illinois’ Cook County Board OKs $4M Medical Malpractice Settlement
October 19, 2018
Cook County’s board of commissioners have voted for a nearly $4 million settlement of a malpractice lawsuit filed after an alleged botched heart surgery at Chicago’s Stroger Hospital. Lawyers for Jaime Flores alleged Stroger physicians made a “very u …

JBA Risk Management Releases High-Resolution Flood Maps for Florida
October 19, 2018
Flood specialist JBA Risk Management has rolled out its high-resolution flood maps and associated pricing data for the continental United States starting with the State of Florida. These new maps are designed to enable (re)insurers and others with an …

Von Bomhard Likely to Return to Munich Re – This Time as Board Chairman
October 19, 2018
Nikolaus von Bomhard, who retired as CEO of Munich Re in April 2017, is likely to return to the German reinsurer as chairman of the supervisory board. This week, Munich Re’s nomination committee recommended to the full supervisory board that …

Arch Insurance Names Shulman CEO for North America; Other Leadership Changes
October 19, 2018
Arch Insurance announced that Matt Shulman will assume the newly created role of CEO, Arch Insurance North America, effective January 1, 2019. In this role, he will lead Arch Insurance’s operations in the United States and Canada. He will report … …

Utah Firefighting Costs This Year a Record $110M
October 19, 2018
Utah State Forester Brian Cottam says the state’s wildfire season appears to be over and that it is adding up to be Utah’s most expensive ever. KSL-TV reported that Cottam told the Utah Executive Appropriations Committee that firefighting costs this …

Hawaii Panel Advances Vacation Rental Regulations
October 19, 2018
A Big Island panel has advanced a measure that would prohibit short-term vacation rentals in residential and agricultural zones. The Hawaii County Council Planning Committee approved the measure’s fifth draft this week after the ordinance has been in …

$28M Settlement for Washington Crash Survivor
October 19, 2018
Washington state has agreed to pay a $28 million settlement to woman who was left quadriplegic in wreck on Interstate 5 in DuPont. The News Tribune reported 20-year-old Skylar Seward filed a lawsuit against the state Department of Transportation afte …

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