According to a recent paper by Karen Clark & Company (KCC), the catastrophe risk modeller, a 100-year return period hurricane has the potential to generate more than $100 billion in insured losses in New York.The cat risk modeller also stressed that while New York does not face the same frequency or severity of events as more catastrophe-exposed regions such as Florida, the state is not immune to large losses. KCC also highlighted how there is nearly $9 trillion of insured value in the state of New York, including residential and commercial properties, with a staggering $6 trillion of that concentrated…
Author: Awais
The new offering, called the Accident Response Team, deploys adjusters directly to crash scenes to document and preserve evidence in the immediate aftermath of an incident. The service is designed to address one of the most contested phases of commercial auto claims handling, where delays in gathering evidence can complicate liability assessments and increase the risk of prolonged disputes.
Halle Parker, Verite News New Orleans plans to revamp the commission that oversees city parks and playgrounds and is seeking $5 million in federal aid after an investigation published by Verite News and KFF Health News found high levels of lead contamination in playgrounds throughout the city. Mayor Helena Moreno signed an executive order on April 7 that creates a task force to improve the New Orleans Recreation Development Commission. One of the task force’s duties will be to “consider and make recommendations regarding the costs and practicalities of implementing a program to assess and remediate safety and environmental concerns…
Mental health networks The index also found a clear difference in network availability. On average, plans offer 24% to 83% more in-network access to physical health clinicians than to mental health and substance use providers. According to the groups behind the index, that can mean longer wait times, higher out-of-pocket costs, and greater reliance on out-of-network care.
Last week, two volunteer fire departments in Vandergrift Borough, Pennsylvania suspended their services because their workers’ compensation insurance policies lapsed. State law requires fire departments to have the coverage. Because of the lapse in insurance, the firefighters could not respond to 911 calls. However, according to Mayor Lenny Collini, the borough arranged for backup from neighboring fire departments for “uninterrupted emergency response coverage” until the insurance issue is fixed. The policy should be reinstated this week, the mayor said in a letter to residents. The borough became aware that the workers’ compensation policy had lapsed on Friday April 10, which…
“Founded by immigrants, our agency was built on a deep understanding of diverse cultures and communities. We proudly serve clients in multiple languages and have become a trusted insurance partner for the Chinese, Cambodian and Vietnamese communities by combining industry knowledge with cultural awareness and clear communication. We are excited to continue to serve our clients as part of World,” said Robert Luong, president of C&A Insurance Agency.
Katie Crouch dice que llamar a la agencia de Medicaid de su estado para obtener información sobre sus beneficios parece un callejón sin salida. “La primera vez, el teléfono suena sin parar. La siguiente, te manda al buzón de voz y se corta la llamada”, dijo la mujer de 48 años, que vive en Delaware. “A veces te contesta alguien que dice que no es la persona indicada. Te transfieren y se corta. A veces contestan y no hay nadie en la línea”. Pasó meses tratando de averiguar si su cobertura de Medicaid había sido renovada. Hasta finales de marzo,…
While Hannover Re has expanded its range of insurance-linked securities services and facilitation, responding to market demand, the company sees collateralised fronting as the centrepiece of this capital market focused aspect of its global reinsurance operations, executives Silke Sehm and Patrick Horstmann told us in an interview.Hannover Re has a long-history in the insurance-linked securities market as a key market facilitator, a company seeking protection, and the reinsurer was one of the innovator’s responsible for the market evolving into what we see as ILS today. It’s most recent addition to the multi-pronged ILS facilitation strategy was the launch of Hannover…
It’s a major victory for controversial billing intermediary HaloMD, which cheered the court’s decision. Elevance said it plans to appeal.
According to the report, the danger is no longer limited to areas people typically think of as flood-prone. Neptune said atmospheric rivers, urban development, aging infrastructure, and conditions after wildfires are all adding to the risk for homeowners across the state.
An earthquake with a 5.7 magnitude struck 20.4 kilometers (12.7 miles) east-southeast of Silver Springs, Nevada, according to a report from the U.S. Geological Survey. Nearby cities include Carson City (42 miles), Reno (45 miles) and South Lake Tahoe (58 miles). The quake was at a depth of 9 km (5.59 miles), USGS said. The USGS puts the chance of aftershocks within the next week at more than M4.0 at 86%. Copyright 2026 Bloomberg. Was this article valuable? Yes No Here are more articles you may enjoy. The most important insurance news,in your inbox every business day. Get the insurance…
A hacking group with a history of compromising major global corporations said it had stolen nearly 80 million business records from video game developer Rockstar Games, the maker of Grand Theft Auto. The claim was posted to the website used by the ShinyHunters hacking group on Saturday, according to data collected by cybercrime research platform eCrime.ch. A representative of the hacking group told Reuters in an online chat on Monday it has 78.6 million records from Rockstar’s account with Snowflake, a large corporate data management company. Rockstar’s Snowflake data was accessed via a compromise of data from Anodot, an AI-powered…
The Insurance Business Cyber LOB Report, “The U.S. Cyber Insurance Market: Evolution of Underwriting, Claims and Strategy,” provides a comprehensive view of the market across six chapters, covering market structure, underwriting performance, carrier scorecards, and the evolving cyber risk environment. It is supported by 20+ figures including premium, claims, and state-level data; and a full data appendix, enabling readers to benchmark performance and apply insights directly to underwriting, placement, and portfolio decisions.
El accidente ocurrió en Pittsburgh el 16 de noviembre. Joseph Masterson, un abogado que estaba a pocos días de jubilarse a los 63 años, sufrió un paro cardíaco mientras conducía: chocó contra una barrera de contención y perdió el conocimiento. Otros conductores se detuvieron, rompieron la ventana del auto y lo llevaron a un lugar seguro. Un bombero voluntario que pasaba por allí le practicó reanimación cardiopulmonar hasta que llegó una ambulancia que trasladó a Masterson al hospital UPMC Mercy. Pasó 18 días en la unidad de cuidados intensivos (UCI), 14 de ellos conectado a un ventilador. Desarrolló delirio, una…