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Southeast News Archives - Insurance Journal
Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates
Wind and storm-surge losses from Hurricane Ian could reach as $47 billion in Florida alone, a figure made larger by inflation and rising interest rates, the property analytics firm CoreLogic said in a new analysis. “This is the costliest Florida …
POSTED SEPTEMBER 30, 2022 11:59 AM |
Florida Hospital Gets Hit from Above and Below in Hurricane
Hurricane Ian swamped a Florida hospital from both above and below, the storm surge flooding its lower level emergency room while fierce winds tore part of its fourth floor roof from its intensive care unit, according to a doctor who …
POSTED SEPTEMBER 30, 2022 10:12 AM |
Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders
Investors who backstop Florida’s insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to crimp a key source of capital for the sector and push up insurance costs for residents. Ian’s landfall hammered Florida …
POSTED SEPTEMBER 30, 2022 10:00 AM |
Citizens’ Early Estimate of $3.8B in Ian Losses; Florida OIR Suspends Use and File
Hurricane Ian continued to churn through central Florida Thursday morning, leaving widespread flooding and wind damage in its wake. It was too early to know the extent of property insurance claims from the storm, although a few analysts and officials …
POSTED SEPTEMBER 29, 2022 1:49 PM |
Hurricane Ian Spurs Evacuations as Airports, Schools Shut
Hurricane Ian, projected to be one of the costliest storms in US history, prompted mass evacuations, school shutdowns and thousands of flight cancellations across the third-largest state. The storm, which has already caused a nationwide power outage in Cuba, has …
POSTED SEPTEMBER 28, 2022 12:55 PM |
Jury: Sheriff Should Pay $15M for Death of Florida Teen Outside Fair in 2014
A Florida sheriff has been ordered by a jury to pay $15 million to the parents of a teenager who died while trying to cross a highway after being kicked out of the state fair by deputies. The 10-person jury …
POSTED SEPTEMBER 28, 2022 12:26 PM |
Florida Keys Boat Captain Charged in Fatal Parasailing Accident
A boat captain has been charged with manslaughter in a Memorial Day parasailing crash in the Florida Keys that killed a 33-year-old Illinois woman and injured her young son and nephew. Daniel Gavin Couch, 49, was booked into the Monroe …
POSTED SEPTEMBER 28, 2022 12:21 PM |
Appeals Court Won’t Certify Class Action on State Farm’s Diminished Value Formula
Auto and property insurers in the last three months have settled class-action lawsuits in Southern states alleging the carriers systematically underpaid claims. A federal appeals court in Georgia has decided a similar issue in favor of the insurer, noting that …
POSTED SEPTEMBER 28, 2022 5:01 AM |
Tampa, Now a Major Insurance, Financial Services Hub, Empties Out Ahead of Storm
Tampa, one of the fastest-growing financial services hubs in the US, began emptying in a matter of hours Monday after officials ordered an evacuation of the Gulf Coast Florida city and parts of the surrounding area before the worst storm …
POSTED SEPTEMBER 27, 2022 3:02 PM |
UPDATE: Hurricane Ian Turning Toward Tampa Area and $258B in Replacement Value
Florida property insurance experts have long warned that a powerful hurricane strike on a major metropolitan area could result in catastrophic losses and the insolvency of more carriers. Those warnings could become reality by the end of the week if, …
POSTED SEPTEMBER 27, 2022 2:42 PM |
Health and Benefits Archives - Insurance Journal
Doctors Look to Athletes for Clues to COVID’s Heart Impacts
Doctors learned early in the pandemic that COVID-19 was more than a respiratory disease. It was attacking bodily organs, including the heart – even in healthy, young athletes. Enough athletes with COVID were experiencing heart inflammation, called myocarditis, that doctors …
POSTED JULY 06, 2022 1:36 PM |
Aon Buys International Benefits Brokerage Portfolio of Mayfair Group
Aon plc announced it has completed its acquisition of the international health and benefits brokerage portfolio of Mayfair Group, a solutions provider to Indian multinational companies. Terms of the transaction were not disclosed. Aon now will assume responsibility for all …
POSTED MAY 05, 2017 7:49 AM |
Aon Completes Acquisition of Brazil Health & Benefits Firm, Admix
Aon announced it has completed its acquisition of Admix, the São Paulo, Brazil-based health and benefits brokerage and solutions firm. Financial terms were not disclosed. “Admix’s brokerage and operational platform combined with Aon’s world-class actuarial, brokerage, and consulting capabilities creates …
POSTED JANUARY 18, 2017 12:59 PM |
Aon Agrees to Buy Brazil Health & Benefits Broker and Solutions Firm, Admix
Aon announced it has entered into an agreement to acquire Admix, a leading health and benefits brokerage and solutions firm in Brazil. Financial terms of the agreement, which was announced on Nov. 25, were not disclosed and the acquisition is …
POSTED DECEMBER 01, 2016 10:53 AM |
Southern California School Reopens After 2-Year Asbestos Closure
The last of three Southern California schools closed two years ago after asbestos was found has reopened following a complete overhaul. The Orange County Register reported Lake View Elementary opened its doors Wednesday to more than 320 students as a …
POSTED SEPTEMBER 09, 2016 3:12 PM |
Report Shows Higher Smoking, Drinking Among Utah Construction Workers
Utah residents who work in construction and manufacturing are more likely to smoke and binge drink than workers in other industries, according to a new report from Utah’s Department of Health. The data is based on a telephone survey of …
POSTED SEPTEMBER 23, 2015 3:48 PM |
Lockton Adds Employee Benefits Leader Georgia in Milwaukee
Independent insurance broker, Lockton, announced it has added Patrick Georgia as senior vice president and employee benefits practice leader in Milwaukee, Wis. As part of Lockton-Milwaukee, Georgia will help clients by developing benefit programs to meet their needs and manage …
POSTED FEBRUARY 09, 2015 5:15 PM |
Health and Wellness Consultant Peter Mangiola Helps Consumers Maximize Health Insurance Benefits
Health and Wellness Expert Peter Mangiola R.N. MSN Has Launched a New Jersey Consultancy Focused on Helping Consumers Gain Access to the Resources Necessary to Prevent and Treat Health Issues Medford, NJ, February 3, 2015: Peter Mangiola R.N. MSN has …
POSTED FEBRUARY 03, 2015 11:00 AM |
Hylant, Liazon to Offer Private Benefits Exchange
Toledo, Ohio-based insurance brokerage firm, Hylant, has entered into a partnership with Liazon, operator of the Bright Choices Exchange, a private benefits exchange for businesses across the U.S., to provide clients with benefit alternatives to traditional options as the health …
POSTED OCTOBER 03, 2013 4:25 PM |
Burand’s Agency E&O Blog: Tip #39
AOR/BOR Procedures for Benefits. For some unknown reason, I continually find Benefits Producers thinking the P&C AOR/BOR procedures are not applicable to them because the risk on the P&C side does not exist on the benefits side. This belief is …
POSTED JULY 23, 2013 10:00 AM |
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