Posts by Y@DminG

Hurricane Dorian inflicted an estimated $7 billion in total insured and uninsured losses on the Bahamas, according to catastrophe risk modeling firm Karen Clark & Company (KCC). This includes building, contents, and business interruption exposures for commercial, residential and industrial … Source: Claims Journal

Hawaii County has agreed to pay a $15.1 million settlement to the family of a Michigan man who was struck and killed by a police patrol car. The Hawaii Tribune-Herald reported that 63-year-old Jeffrey Surnow was riding a bicycle on … Source: Claims Journal

The ransomware attacks on public entities in Texas, Florida, Maryland, Georgia and elsewhere this year have raised questions not only about paying ransoms but also about the role of insurance in helping these targets get back to serving the public. … Source: Claims Journal

Sep 5, 2019, 9:58 AM — Hurricane Dorian will strafe the North Carolina coast by Thursday night, and could make landfall in the state with 115 mile-per-hour winds and an 8-foot storm surge. Located about 70 miles (113 kilometers) from … Source: Claims Journal

Insurance and benefits claims firm Sedgwick said it has completed its purchase of York Risk Services Group, which offers claims administration, managed care and loss adjusting services. The acquisition plan was first announced in July. The purchase marks Sedgwick’s third … Source: Claims Journal

Divers and search crews were still looking Tuesday for nine missing people after at least 25 were confirmed dead when a boat packed with scuba divers caught fire near an island off the Southern California coast. The dive-boat Conception became … Source: Claims Journal

The Kansas insurance commissioner will take supervisory control of a company that provides malpractice insurance to nearly 500 medical professionals in Missouri and Kansas. A Shawnee County judge last week placed Physicians Standard Insurance Company in rehabilitation mode with Kansas … Source: Claims Journal

A new report shows that an evidence-based drug formulary put into effect by the California Division of Workers’ Compensation’s over a year ago may be working. The formulary went into effect Jan. 1, 2018. It was intended to: reduce frictional … Source: Claims Journal

Sep 4, 2019, 5:31 AM — Hurricane Dorian menaced the U.S. East Coast with devastating flooding and winds, lashing Florida after laying waste to the Bahamas in a brutal two-day battering that caused damage that may cost the islands billions … Source: Claims Journal

A U.S. judge on Tuesday rejected efforts by major drugmakers, pharmacies and distributors to dismiss claims that they caused the nation’s opioid crisis, clearing the way for a scheduled landmark trial even as he pushes for a nationwide settlement. U.S. … Source: Claims Journal