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Archive for February 2018

Despite 2017 Catastrophes, Industry Surplus at All Time High

Due to multiple catastrophes in the first nine months of 2017, property/casualty insurers saw profits plummet, according to the latest Verisk report on the state of the industry. Even so, p/c insurers are doing well, said Beth Fitzgerald, senior vice … Source: Claims Journal

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Texas Launches Tool to Track Harvey Recovery

Texas launched a public online tool to track incoming and outgoing funds for Hurricane Harvey recovery on Monday, six months after the storm hit and two months after The Associated Press reported that it did not have one. Gov. Greg … Source: Claims Journal

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California Agency Says County Officials Lacked Solid Wildfire Alert Plan

Officials in a Northern California county were ill-prepared, disorganized and lacked sufficient training when deadly, fast-moving wildfires broke out last October endangering about 100,000 people, according to a report from California emergency managers. Sonoma County officials requested the state review … Source: Claims Journal

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California Governor Signs Dam Safety Bill

California Gov. Jerry Brown signed legislation Monday that seeks to beef up dam inspections following a near disaster that caused the evacuation of almost 200,000 people living downstream from the tallest one in the United States. The measure implements several … Source: Claims Journal

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Record Number Apply for California Earthquake Retrofit Grants

The Earthquake Brace + Bolt program (EBB), funded primarily by the California Earthquake Authority (CEA), closed its latest registration on Friday with more than 7,500 California homeowners applying for 2,000 retrofit grants. EBB helps lessen the potential for earthquake damage … Source: Claims Journal

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Business News: GuideOne, XINSURANCE.COM, FAIR Foundation

GuideOne Launches Commercial Property Insurance Deployment With Roost Telematics Sensors GuideOne Insurance announced the first commercial deployment of Roost Smart Water Leak and Freeze Detectors by a property insurance carrier. The pilot places 4,000 sensors in churches across the country … Source: Claims Journal

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