Archive for June 2018

Ascot to Acquire Greyhawk Insurance Company Ascot US Holding Corporation announced the acquisition of Greyhawk Insurance Company, and its wholly owned subsidiary Greyhawk Specialty Insurance Company (“Greyhawk Specialty”). Greyhawk is a Colorado domiciled admitted lines insurer and has been in … Source: Claims Journal

A city in central Oregon seeks $62,000 from a tree removal company that accidentally cut down a big spruce that was slated to become the city’s Christmas tree. In a lawsuit filed last week, Redmond officials allege that workers trespassed … Source: Claims Journal

Florida’s governor and Legislature promised a dizzying array of fixes following the devastation of last year’s hurricanes. But heading into a new storm season, the state has enacted only a few changes – the largest aimed at protecting seniors in … Source: Claims Journal

Subtropical Storm Alberto kicked off the Atlantic hurricane season a week early, but don’t take that as a harbinger of terrible weather. In fact, cooler ocean temperatures are already spurring researchers to scale back forecasts for this year. Expect six … Source: Claims Journal

Allen Owen, the mayor of Missouri City, Texas, wants to do more to protect his town from the next disaster. But the city hasn’t gotten any of the roughly $1 million in federal disaster funds he said it’s owed after … Source: Claims Journal

In a blow to the owner of Opry Mills Mall, the Tennessee Supreme Court has let stand a lower court’s ruling that stripped $150 million of insurance coverage for the 2010 flood. The state’s highest court announced Monday that it … Source: Claims Journal

After yet another devastating flash flood ripped apart their historic Maryland mill town, hundreds of residents and business owners are again asking themselves: Should I stay or should I go? Some business owners in picturesque Ellicott City – established in … Source: Claims Journal

More than 6.9 million homes along the Atlantic and Gulf Coasts are at potential risk of damage from hurricane storm surge inundation with a total reconstruction cost value (RCV) of more than $1.6 trillion (Table 1), according to CoreLogic, a … Source: Claims Journal

After enduring one of the more active hurricane seasons in recent memory, U.S. P/C insurers are well positioned for what is pointing to an average hurricane season in 2018, according to Fitch Ratings in its annual hurricane season preview report. … Source: Claims Journal

The average total cost per workers’ compensation claim in Illinois grew annually anywhere from 1 to 3 percent since 2012, according to a recent study by the Workers Compensation Research Institute (WCRI). “Due to small to moderate changes in medical … Source: Claims Journal