Archive for February 2018

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

The board of directors of Las Vegas-based Wynn Resorts is facing mounting lawsuits from shareholders who allege they breached their fiduciary duties when they ignored what has been described as a longstanding pattern of sexual abuse and harassment by the … Source: Claims Journal

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

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

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

Police officers rarely use force in apprehending suspects, and when they do they seldom cause significant injuries to those arrested, according to a multi-site study published in the March issue of the Journal of Trauma and Acute Care Surgery. “The … Source: Claims Journal

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

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

A jury says a Las Vegas homeowners association must pay a man $20 million after a swing set collapsed on him as a teen and left him with brain damage. A Clark County District Court jury returned the verdict earlier … Source: Claims Journal

Idaho Man Sentenced for Insurance Fraud Attorney General Lawrence Wasden has announced an Ada County man was sentenced Friday, February 16, for one count of Insurance Fraud. Fourth District Judge Peter Barton sentenced 33-year-old Edward J. Castagno, of Boise, after … Source: Claims Journal