Archive for August 2017

By Don Jergler Nevada’s gambling regulators are grappling with how to deal with the state’s latest legal vice – recreational marijuana – and they’ve made it clear that pot doesn’t belong in casinos. In the first of a series of policy discussions, the … Read More Read more here:: Insurance Journal       

By Don Jergler For the second time this month, a federal judge has rejected a challenge to Seattle’s first-in-the-nation law allowing drivers of ridesharing companies such as Uber and Lyft to unionize over pay and working conditions. U.S. District Judge Robert Lasnik rejected … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Bonds tied to weather risks tumbled the most in seven months as Hurricane Harvey advanced on Texas’s Gulf Coast. The Swiss Re Cat Bond Price Return Index dropped 0.44 percent this week, the steepest decline since January. The benchmark, which … Read More Read more here:: Insurance Journal       

Early this morning, Hurricane Harvey weakened to a category 1 hurricane as it moved farther inland over southeastern Texas. It continues to bring “life-threatening storm surge, rainfall, and wind hazards to portions of the Texas coast,” according to the National … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Harvey became the strongest hurricane to hit Texas in more than 50 years, making landfall in the heart of the U.S. energy sector and bringing the danger of a life-threatening storm surge. Harvey came ashore as a Category 4 storm … Read More Read more here:: Insurance Journal       

By Don Jergler The Insurance Industry Charitable Foundation on Thursday convened Southern California insurance industry leaders to explore the impact of fostering an inclusive work environment, with an estimated 200 attendees at its Women in Insurance Conference Series luncheon in Los Angeles. Two … Read More Read more here:: Insurance Journal       

With Hurricane Harvey threatening the Texas coastline, A.M. Best said it has begun to assess the potential financial impact this event may have on the U.S. property/casualty (P/C) industry. The most recent track of Harvey has the storm path running … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Ben Brookes, RMS Vice President Capital Markets Solutions, posted the following blog update at 15:00 UTC , Friday August 25 Until yesterday evening Harvey looked like a rain-flooding threat, largely – likely to land-fall as a tropical storm or weak … Read More Read more here:: Insurance Journal       

By Don Jergler Utah State Forester Brian Cottam said “stupid human tricks” have led to the states’ wildfire bill being double what it usually is. Cottam says the cost to Utah for this year’s wildfires is projected to be $18 million, while the … Read More Read more here:: Insurance Journal