These Are The Staggering Numbers Behind Florence’s Wrath

This nightmare called Tropical Depression Florence is far from over. "Many people who think that the storm has missed them have yet to see its threat," North Carolina Gov. Roy Cooper said. "This system is unloading epic amounts of rainfall -- in some places measured in feet, not inches."
September 17, 2018 Auto Catastrophe Property North Carolina South Carolina

Worst Flooding Yet To Come For Waterlogged Carolinas

Deadly storm Florence moved across western North Carolina early on Monday and continued to dump rain that has nowhere to go except to swell rivers, flood highways and homes, and threaten more lives as it heads towards Virginia and New England.
September 17, 2018 Auto Catastrophe Marine Property North Carolina South Carolina Virginia

What New Claims Innovations Will Florence Yield?

A potentially devastating Hurricane Florence is rumbling toward the Carolina coast this weekend, but for as historic as each new storm seems to be, insurers are preparing in relatively typical ways like activating additional staff in preparation for an onslaught of claims.
September 14, 2018 Property Risk Management Technology North Carolina South Carolina

Hurricane Florence Comes Ashore As Category 1 Storm

Hurricane Florence is making landfall in North Carolina, creeping ashore at 6 mph — but bringing winds of 90 mph, a massive storm surge, and a rain system that will soak much of the state and South Carolina for days. Forecasters warn of "life —threatening, catastrophic flash flooding."
September 14, 2018 Marine Property North Carolina South Carolina

CAT Teams Mobilized, Substantial Business Interruption Claims Expected From Florence

Hurricane Florence is still hundreds of miles off the U.S. East Coast, but insurers are starting to see their potential costs from one type of claim mount as companies halt operations to let employees flee.
September 13, 2018 Catastrophe Property North Carolina South Carolina Virginia

Insurers Brace For Another Round Of Catastrophe Losses From Hurricane Florence

U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding.
September 13, 2018 Auto Catastrophe Marine Property North Carolina South Carolina Virginia

CoreLogic: Florence Could Mean $170 Billion In Property Damage

As Hurricane Florence bears down on the southeastern United States, nearly 759,000 homes are in the storm’s path, and a worst-case rebuilding scenario could cost more than $170 billion, according to an estimate from real estate data provider CoreLogic.
September 12, 2018 Catastrophe Property North Carolina South Carolina Virginia

More Than 1.5 Million Ordered To Evacuate As Hurricane Florence Threatens Carolinas

More than 1.5 million people were ordered to evacuate their homes along the U.S. Atlantic coast as Hurricane Florence, a Category 4 storm and the most powerful to menace the Carolinas in nearly three decades, barreled in on Tuesday.
September 11, 2018 Catastrophe Marine Property North Carolina South Carolina Virginia

Hurricane Florence On Track To Hit East Coast As Major Storm Later This Week

Hurricane Florence has its sights set on North and South Carolina, and if it hits as hard as predicted, the storm will be the most powerful to pound the area in three decades, CNN weather anchor Chad Myers said Monday morning.
September 10, 2018 Property North Carolina South Carolina Virginia

Insurtech Launches Usage-Based Drone Coverage

Insurtech company REIN has launched DroneInsurance.com, with underwriting by Liberty Specialty Markets, providing usage-based insurance for commercial drone operators and simplifying the process of obtaining both base and liability coverage.
August 2, 2018 Excess & Surplus Lines Liability Technology Alabama Alaska Arizona Arkansas California

Tropical Storm Chris Near The Carolinas, Expected To Become Hurricane

Tropical Storm Chris could become a hurricane today. All the while sitting not too far off the U.S. East Coast. Don’t panic.
July 9, 2018 Property North Carolina South Carolina

Storm Surge: The Hidden Force Of A Hurricane

As summer approaches along the Gulf and Atlantic coasts, residents prepare for the hurricane season ahead. The Atlantic hurricane season — June through November (though known to start as early as January in past years) — has devastated communities from Texas to New England, resulting in significant recovery costs.
June 25, 2018 Catastrophe Property Alabama Florida Georgia Louisiana Mississippi

Despite A ‘Near-Average’ Forecast, Hurricane Flooding May Increase

With so many businesses and individuals affected by Hurricanes including Maria, Harvey and Irma in 2017, risk managers and insurers are looking to revised forecasts of this year’s hurricane season for a glimmer of hope that 2018 will not bring the same destruction.
June 21, 2018 Catastrophe Alabama Florida Georgia Louisiana Mississippi

U.S. Motorcycle Thefts Decreased In 2017

The National Insurance Crime Bureau (NICB) today released its annual report on motorcycle thefts in the United States for 2017.
June 6, 2018 Auto Arizona California Florida Georgia Indiana

NTSB Advocates For Seat Belts On School Buses In Wake Of Fatal Wrecks

For the first time, the National Transportation Safety Board is recommending all new school buses be equipped with lap and shoulder seat belts, after the agency released findings from a special investigation report prompted by two deadly 2016 crashes.
May 24, 2018 Excess & Surplus Lines Legislation & Regulation Alabama Alaska Arizona Arkansas California
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