News Center


Business Insurance - _Risk Management

Beazley offering Title IX sexual misconduct liability cover
Beazley PLC said Monday it is introducing a policy that provides coverage for employment practices liability and sexual misconduct and molestation liability for educational institutions in the United States that receive federal funding.

POSTED SEPTEMBER 16, 2019 2:37 PM
Direct written premiums for surplus lines up 11.2%: A.M. Best
The surplus lines market reported an 11.2% increase in direct written premiums in 2018, which was a significant increase from the 5.8% reported in 2017, said A.M. Best Co. in a report issued Monday, which says the market segment’s outlook is stable.

POSTED SEPTEMBER 16, 2019 2:30 PM
Axis appoints head of North American claims
Axis Insurance, a division of Axis Capital Holdings Ltd., has named Michael Baumel head of North American claims, to succeed chief claims officer David Hayward, who will retire in March 2020.

POSTED SEPTEMBER 16, 2019 2:06 PM
IRS makes settlement offer to 831(b) captive owners


POSTED SEPTEMBER 16, 2019 12:59 PM
Sex toy company accused of job position bias
Adult sex toy company Adam and Eve doesn’t want Adam working in sales, according to a U.S. Equal Employment Opportunity Commission suit reported by the Associated Press on Sunday.

POSTED SEPTEMBER 16, 2019 11:21 AM

News – Insurance Journal

Catastrophe Modelers: U.S. Insured Losses from Dorian Could Reach $1.5B in U.S.
Catastrophe modeling firms Karen Clark & Co. and RMS have released insured loss estimates for Hurricane Dorian, ranging from $500 million to $1.5 billion. According to KCC, Dorian reached peak intensity of 185 mph while over the Bahamas, one of …

POSTED SEPTEMBER 17, 2019 5:02 AM
Experts Not Worried About Saudi-Like Drone Attack Knocking Out U.S. Oil Production
The style of attack used against oil plants in Saudi Arabia that knocked out half of the country’s production on Saturday is unlikely to be a risk in the United States, energy and security experts say. “The U.S. oil industry …

POSTED SEPTEMBER 17, 2019 5:00 AM
Centers for Disease Control Prioritizes Investigations into Vaping-Related Illnesses
The U.S. Centers for Disease Control and Prevention (CDC) said on Monday it has activated its emergency operations center to coordinate the investigation into hundreds of cases of severe lung illnesses linked to e-cigarette use. The CDC’s Emergency Operations Center …

POSTED SEPTEMBER 17, 2019 5:00 AM
Lawsuits Targeting E-Cigarettes Increase Along with Death, Illness Reports
Several deaths and potentially hundreds of illnesses have been tied to e-cigarettes, which allow users to inhale nicotine vapor, often flavored, without smoking. Lawsuits have been filed against e-cigarette maker Juul and more are expected amid increasing scrutiny. The following …

POSTED SEPTEMBER 17, 2019 5:00 AM
Berkshire Hathaway GUARD Expands Commercial Package Coverage Into New Jersey
Berkshire Hathaway GUARD Insurance Companies has expanded its Commercial Package product into New Jersey. This offering includes: Commercial property with limits up to $120 million per location with an enhanced causes of loss form which includes built-in equipment breakdown and …

POSTED SEPTEMBER 17, 2019 4:53 AM

Improving public understanding of insurance

From the I.I.I. Daily: Our most popular content, September 6 to September 12
Here are the 5 most clicked on articles from this week’s I.I.I. Daily newsletter. Producers, stars of ‘Bones’ settle with Twentieth Century Fox, Wall Street Journal How does an autonomous car work? Washington Post A world without TRIA: Incalculable risk, Insurance Information Institute: special report Contaminant found in marijuana vaping products linked to deadly lung … Continue reading From the I.I.I. Daily: Our most popular content, September 6 to September 12

POSTED SEPTEMBER 13, 2019 8:43 PM
Wildfire response: a conversation with a fire chief
California endured the largest and most destructive wildfires in state history in 2017 and 2018. The aftermath has left many wondering whether catastrophic wildfires will be the new normal for California and other fire-prone states, and, if so, what can be done. As the 2019 wildfire season progresses, there is a sense of urgency in … Continue reading Wildfire response: a conversation with a fire chief

POSTED SEPTEMBER 12, 2019 4:15 PM
I.I.I. report contemplates a world without TRIA
Terrorism, by design, is unpredictable, hugely destructive, and to date uninsurable through private market methods alone. Few events demonstrate this better than the 9/11 attacks, in which terrorists hijacked commercial airliners and flew them into the World Trade Center towers and the Pentagon. The attacks remain the deadliest and most expensive terrorist incidents in U.S. … Continue reading I.I.I. report contemplates a world without TRIA

POSTED SEPTEMBER 09, 2019 5:38 PM
Managing your insurance claim after disaster
By Lynne McChristian, I.I.I. Media Spokesperson and Non-resident Scholar  If Hurricane Dorian left its imprint on your home or business, you’ve likely already started the claims process with a call to your insurer. Knowing what happens next will be helpful as the recovery begins. The insurance claims process is indeed a process. There are steps … Continue reading Managing your insurance claim after disaster

POSTED SEPTEMBER 09, 2019 12:08 PM
Employment Trends in the Insurance Industry
By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute On September 6, 2019, the U.S. Bureau of Labor Statistics announced that the U.S. economy had added 130,000 jobs (seasonally-adjusted) in August; and more than one-and-a-quarter million nonfarm jobs (actually 1,266,000) through the first eight months of 2019.[1] Nonfarm employment has risen every month since October … Continue reading Employment Trends in the Insurance Industry

POSTED SEPTEMBER 06, 2019 5:22 PM
Nearly 80 percent of homeowners in coastal Carolinas uninsured for flood
As Hurricane Dorian churns northward off the coast of South Carolina as a Category 2 storm, the National Hurricane Center continues to forecast dangerous storm surge conditions through the Carolinas, up the coast into Virginia, as of 11 a.m. September 5. Using National Flood Insurance Program policy takeup rates as estimated by Aon, the six … Continue reading Nearly 80 percent of homeowners in coastal Carolinas uninsured for flood

POSTED SEPTEMBER 05, 2019 6:54 PM
Hurricane Dorian Update: September 4, 2019
As of early afternoon on September 4 Hurricane Dorian was approximately 100 miles off the east coast of Florida. The National Hurricane Center reported that Hurricane Dorian would likely move slowly up the Florida coast to Georgia and the Carolinas. While the storm’s intensity has declined since it struck the Bahamas as a Category 5 … Continue reading Hurricane Dorian Update: September 4, 2019

POSTED SEPTEMBER 04, 2019 5:19 PM
The evacuation dilemma: stay or go?
As of Saturday evening, Hurricane Dorian is making a big right hand turn, moving the storm’s threat north. So now it seems Georgians and South Carolinians are facing the evacuation dilemma: stay or go? I’ve been there. In 1992, Hurricane Andrew was heading arrow straight for the border between Broward and Miami-Dade counties. We lived … Continue reading The evacuation dilemma: stay or go?

POSTED SEPTEMBER 01, 2019 12:09 AM
Hurricane Dorian headed toward Florida as a Category 4 storm
As of August 28, Hurricane Dorian has been forecast to be a Category 4 hurricane and chances have increased for a direct hit over Labor Day weekend along the coast of Central Florida, causing storm preparations to get off to a frenzied start. The National Hurricane Center’s (NHC) forecast track map showed Dorian making a … Continue reading Hurricane Dorian headed toward Florida as a Category 4 storm

POSTED AUGUST 29, 2019 5:47 PM
NICB: Motorcycle Thefts Declined in 2018
Motorcycles are popular with riders seeking affordable transportation options and the thrill of the open road. But they can also be attractive targets for thieves. The good news is that motorcycle thefts saw a decline in 2017 and 2018 after an uptick in the previous two years. According to the National Insurance Crime Bureau’s (NICB) annual … Continue reading NICB: Motorcycle Thefts Declined in 2018

POSTED AUGUST 28, 2019 12:00 PM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Davis Insurance Associates, Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.