News
How One Computer Forecast Model Botched Hurricane Ian
As Hurricane Ian bore down on Florida, normally reliable computer forecast models couldn't agree on where the killer storm would land. But government meteorologists are now figuring out what went ...
Information Expected to Emerge Slowly in Hospital Chain Cyber Attack
Details of an apparent cyber attack on one of the largest health systems in the U.S. were slow to emerge as security experts on Oct. 7 warned that it often takes time to assess the full impact on ...
It has been said that the best advertisement for insurance is not having it (or not having enough of it)...
Broken Infrastructure, Scattered Wreckage, Alligators Greet Claims Teams
Damaged infrastructure created new obstacles for claims adjusters responding to Hurricane Ian, along with widespread flooding, damaged cellphone towers and even an occasional alligator. Sedgwick ...
Ian Claims in Florida Topping 449,000 So Far, But Many More Expected
The number of claims filed from Hurricane Ian continues to rise, topping 449,000 as of Monday, and estimated insured losses stand at more than $4.2 billion, the Florida Office of Insurance Regulation ...
AM Best Says Tower Hill ‘Rearranging the Furniture’; Faces Surplus, Capital Problems
The downgrade of one of Tower Hill's insurance companies by AM Best financial rating firm, announced the day that Hurricane Ian nosed into southwest Florida, has led to new speculation that Tower ...
Louisiana Insurance Commissioner Approves Citizens Rate Increase of 63%
Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance policies, a move the insurance department blamed on rising costs of ...
IICF Launches Hurricane Ian Relief Fund
The Insurance Industry Charitable Foundation (IICF) has launched the IICF Hurricane Ian Relief Fund to support those in need in the wake of Hurricane Ian. Funds will benefit Team Rubicon, a nonprofit ...
Historic Homes May Prove to Be More Resilient Against Floods
Whenever historic homes get flooded, building contractors often feel compelled by government regulations to rip out the water-logged wood flooring, tear down the old plaster walls and install new, ...