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Swiss Re Estimates $3.6B in Claims from U.S. Hurricanes & Mexican Quakes
Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in the third quarter. For the industry overall, Zurich-based Swiss …

POSTED OCTOBER 20, 2017 6:37 AM
Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030
As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From Afghanistan in the west to Bangladesh in the east, floods could cost South Asia — home to a …

POSTED OCTOBER 20, 2017 6:24 AM
Fighting Drivers of Commercial Auto Frequency, Severity With Technology
Litigation financing, distracted driving and unexpected verdicts are just some of the factors impacting commercial auto frequency and severity, according to panelists speaking at the 2017 Risk Management Summit this week in Las Vegas. There has been a focus on …

POSTED OCTOBER 20, 2017 5:00 AM
U.S. Consumer Bureau Offers Rules for Financial Data Collection
The U.S. Consumer Financial Protection Bureau is turning its attention to companies that collect consumer financial information to provide services and products. The regulator laid out a series of principles on Wednesday to establish its expectations for accessing consumer’s financial …

POSTED OCTOBER 20, 2017 5:00 AM
Congress Questions Youth Football League on Safety
After hearing from brain trauma researchers who said playing football at a young age is unsafe even for kids who don’t suffer obvious injuries, members of Congress this week asked the nation’s governing body for the sport’s amateurs to detail …

POSTED OCTOBER 20, 2017 5:00 AM
GM to Pay States $120 Million to Settle Ignition Switch Claims
General Motors Co. has agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general and the company said on Thursday. The largest U.S. automaker had previously …

POSTED OCTOBER 20, 2017 5:00 AM
Nashville Keeps Winning FEMA Flood Appeals
While Federal Emergency Management Agency denials and reversals have roiled some communities following natural disasters, officials in Tennessee’s capital have been unusually successful at winning their appeals. An analysis by The Associated Press found that over the past decade, FEMA …

POSTED OCTOBER 20, 2017 4:57 AM
Northern California Wildfires: Insurance Industry Ready to Assist With ‘Massive’ Recovery
Rebuilding the Northern California areas devastated by wildfire will be a long-term effort, and insurers say they will be there to help their affected policyholders get back on their feet. Tens of thousands of evacuees began making their way home …

POSTED OCTOBER 20, 2017 4:38 AM
Boyd Promoted to Florida Deputy Chief Financial Officer
The Department of Financial Services’ long-time Legislative Affairs Director Elizabeth Boyd has been promoted to Deputy Chief Financial Officer, according to a statement from Chief Financial Officer Jimmy Patronis. In this new role, Boyd will oversee the Department’s legislative affairs, …

POSTED OCTOBER 20, 2017 4:08 AM
BB&T-Oswald Trippe Adds 2 Commercial Lines Producers to Florida Team
BB&T- Oswald Trippe and Company has expanded its Southeast Florida team with the addition of two new associates as commercial lines producers to assist business clients in the greater Southeast Florida area. Kelly Matacena has been named a commercial lines …

POSTED OCTOBER 20, 2017 4:06 AM

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