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Sedgwick Closes on Acquisition of York Risk Services

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

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Passengers, Crew Killed in California Boat Fire Tragedy

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

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State Seizes Troubled Malpractice Insurer Physicians Standard

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

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Drug Firms Must Face Trial Over Opioids Crisis Claims

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

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Southeast Officials Worry About Storm Evacuation Fatigue

It’s become a hurricane-season ritual in the Southeast: When a storm threatens, coastal residents board up homes, load up SUVs and fill highways where the traffic lanes are reversed to offer a speedy escape inland. For some people, Hurricane Dorian … Source: Claims Journal

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Solar Panels May Be Tested by Dorian’s Winds

Hurricane Dorian could be a rigorous test for the thousands of solar panels installed across Florida in recent years. The Sunshine State ranks fifth in solar capacity in the U.S., with about 380,000 homes powered by panels, according to the … Source: Claims Journal

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UBS Estimates $25 Billion in Hurricane Dorian Losses

Hurricane Dorian, the storm currently devastating the Bahamas, will cause at least $25 billion of losses for insurers, according to analysts at UBS Group AG, a figure that would make it the most expensive natural disaster for the industry since … Source: Claims Journal

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