Archive for March 2017

By Stephanie K. Jones Oklahoma Forestry Services says four wildfires in northwestern Oklahoma and southwestern Kansas are now 42 percent contained, but a high fire danger continues in the region. The agency said that the largest fire is the Starbuck fire that began near … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones The Texas Senate Business and Commerce Committee on March 9 heard testimony on a revised bill that aims to limit the number of policyholder lawsuits filed against property insurance companies following severe weather events. At the hearing, Senate Business and … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Nodak Mutual Insurance Co., based in Fargo, N.D., has completed its conversion from a mutual to stock insurance company and the formation of a mutual holding company Nodak Mutual Group Inc. and an intermediate stock holding company NI Holdings Inc. … Read More Read more here:: Insurance Journal       

Lloyd’s and modeling company Arium have launched a tool designed to enable insurers and reinsurers to model liability exposure probabilistically across their entire portfolios, Lloyd’s has announced. “The new approach categorizes casualty events based on a company’s business activities – … Read More Read more here:: Insurance Journal       

By Don Jergler Demolition of a major plutonium plant at the Hanford Nuclear Reservation in Washington state has resumed after radioactive contamination was detected in a rubble pile. The work restarted this week at the Plutonium Reclamation Facility after being halted in late … Read More Read more here:: Insurance Journal       

By Don Jergler The leaky dam at Hyatt Lake in Oregon is being shored up this summer as part of a $3.7 million seismic retrofit. The Mail Tribune reported the project will bring the dam east of Ashland into safety compliance after a … Read More Read more here:: Insurance Journal       

By Don Jergler A self-driving car company founded by Google is presenting new evidence to support allegations that a former manager stole technology sold to Uber to help the ridesharing service build its own robot-powered vehicles. Waymo, a project hatched by Google eight … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year and these claimants are now giving insurers their highest ever satisfaction ratings. The J.D. Power 2017 U.S. … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones A man suspected of burning down a Texas mosque believed its worshippers were terrorists and may have been looking for other mosques to target, authorities alleged during a hearing pertaining to an unrelated case against the man. Marq Vincent Perez, … Read More Read more here:: Insurance Journal