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Industry News

California Passes Handful Bills Aimed at Protecting Wildfire Survivors

Five bills that their proponents say will protect wildfire survivors were signed by California Gov. Jerry Brown on Friday. The bills are aimed at addressing critical issues facing wildfire survivors including underinsurance, rebuilding, and recovery, those who authored them say. …
Court Upholds California Commissioner’s Regulatory Actions Against PacifiCare

A three-justice panel of the California Court of Appeal, 4th Appellate District, gas upheld Insurance Commissioner Dave Jones’ Fair Claims Settlement Practices Regulations, which prescribe how insurance companies must process insurance claims. The regulations are also the foundation in determining …
California Governor Signs Bill Giving Wildfire Victims Options for Rebuilding

Homeowners who lose their houses to wildfire will be able to use their insurance to rebuild somewhere else under an urgency bill signed by California Gov. Jerry Brown on Friday. Assembly Bill 1800, authored by by Assemblyman Marc Levine, D-San …
Starr Insurance Cos. Launch Monoline GL Construction Wrap-Up Coverage

Starr Insurance Companies has introduced Starr CIP Enterprise, a monoline general liability construction wrap-up insurance policy. The new product is designed for property owners and contractors who need tailored primary and excess general liability coverage for single large construction projects. …
Manhattan, Kansas, Labor Day Flood Caused $17.2M in Damage

Manhattan City Manager Ron Fehr says a flood over the Labor Day holiday weekend caused $17.2 million in structural damages in the city. Fehr told the Manhattan City Commission on Sept. 18 that four commercial and eight residential properties suffered …
North Carolina Power Plant Inundated by Flood Waters

Duke Energy activated a high-level emergency alert at a retired coal-fired power plant in North Carolina as floodwaters from the nearby Cape Fear River overtopped an earthen dike at the facility and inundated a large lake. Duke spokeswoman Paige Sheehan …
The Longest Week: Carolinas Worn Out by Florence

Hurricane Florence is still wearing out the Carolinas, where residents have endured an agonizing week of violent winds, torrential rain, widespread flooding, power outages and death. Frustration and sheer exhaustion are building as thousands of people wait to go home …
Lockton’s Lumelleau Joins EPIC Insurance Brokers in Houston

EPIC Insurance Brokers and Consultants has added Matt Lumelleau as a principal in the firm’s property/casualty practice. Based in Houston, Lumelleau will be responsible for new business development, the design, placement and management of property/casualty insurance programs; and providing risk …
Following July Tornado, 60 Iowa Buildings Deemed Unsafe

Officials in central Iowa have designated about 60 structures as unsafe following a July tornado that damaged about 2,000 buildings. The Times-Republican reports that the properties in Marshalltown now have small red posters that say “Dangerous building — do not …
5 Years and $100M Later, Huge North Dakota Oil Spill Finally Cleaned Up

Five years and almost $100 million later, cleanup is complete on a massive oil pipeline leak in North Dakota that has been called one of the biggest onshore spills in U.S. history, industry and state officials said. The spill by …

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