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How Home Values Track with High, Low Risk of Natural Hazards: ATTOM Data
Americans are still buying homes in areas with high risk of natural hazards and the homes in those cities continue to appreciate in value far faster than homes in low natural hazard locales. However, the effect on home values of …

POSTED SEPTEMBER 22, 2017 4:48 PM
Ratings of Illinois’ Prime Insurance Company Upgraded
A.M. Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Prime Insurance Company (PIC) in Chicago, Ill. The outlook of these ratings has been revised …

POSTED SEPTEMBER 22, 2017 4:39 PM
Ohio Increases Fines Against Pipeline Developer to $2.3M
Ohio’s environmental regulators have more than doubled the proposed fines against a company building a natural gas pipeline from West Virginia to Michigan, saying the two sides are at an impasse. The fines now stand at $2.3 million and stem …

POSTED SEPTEMBER 22, 2017 4:36 PM
Jump in Energy Contract Lawsuits Expected in Harvey’s Wake
Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of U.S. fuel output and pushing some oil production offline. Hurricanes and other natural disasters …

POSTED SEPTEMBER 22, 2017 4:19 PM
U.S. and EU Sign Covered Agreement on Insurance Regulation
The United States and European Union have scheduled a ceremony for today for the signing of a bilateral agreement on prudential insurance and reinsurance measures. Both sides announced in July their intention to sign the agreement, also known as a …

POSTED SEPTEMBER 22, 2017 4:13 PM
Researchers: FEMA’s Houston Flood Maps Outdated Long Before Harvey
The Federal Emergency Management Agency’s flood plain maps for parts of southeastern Houston were woefully out-of-date long before Hurricane Harvey ravaged the Texas coast, a new study suggests. Researchers at Rice University and Texas A&M University at Galveston studied one …

POSTED SEPTEMBER 22, 2017 4:06 PM
Minnesota Gov. Cranks Up Pressure on Feds to Protect Health Programs
Minnesota Gov. Mark Dayton blasted federal health officials on Sept. 20 for holding up approval of a program meant to lower health insurance costs and threatening millions of dollars in cuts to health care for the working poor. State lawmakers …

POSTED SEPTEMBER 22, 2017 4:04 PM
Sullivan Appointed as Texas Insurance Commissioner
Texas has a new insurance commissioner. Texas Gov. Greg Abbott has named Kent Sullivan to serve as insurance commissioner and head of the Texas Department of Insurance. His term expires Feb. 1, 2019. The post has been vacant following the …

POSTED SEPTEMBER 22, 2017 3:45 PM
SEC Hacking Latest in Series of Government Agency Cyber Breaches
A major computer hack at America’s top stock market regulator is the latest sign that data stored in the highest reaches of the U.S. government remains vulnerable to cyber attacks, despite efforts across multiple presidencies to limit high-profile breaches that …

POSTED SEPTEMBER 22, 2017 3:41 PM
New Bridge Design Tested by Nevada Quake Lab Following Mexico Quake
Scientists at a Nevada earthquake lab this week tested new bridge designs with connectors they say are innovative and created to better withstand violent temblors and speed reconstruction efforts after major quake damage. University of Nevada, Reno engineers performed the …

POSTED SEPTEMBER 22, 2017 3:10 PM

West News – Insurance Journal

New Bridge Design Tested by Nevada Quake Lab Following Mexico Quake
Scientists at a Nevada earthquake lab this week tested new bridge designs with connectors they say are innovative and created to better withstand violent temblors and speed reconstruction efforts after major quake damage. University of Nevada, Reno engineers performed the …

POSTED SEPTEMBER 22, 2017 3:10 PM
California Workers’ Comp Division Suspends 6 Medical Providers for Fraud
The California Division of Workers’ Compensation has suspended six more medical providers from participating in the state’s workers’ comp system, bringing the total number of suspended providers to 38. The suspensions were made possible by the passage last year of …

POSTED SEPTEMBER 22, 2017 3:00 PM
Heffernan Names Grootendorst Branch Manager in Oregon
Heffernan Insurance Brokers has promoted Brenda Grootendorst to branch manager of the firm’s Portland, Ore. Grootendorst, who is a senior vice president in the firm, has more than 30 years of insurance and risk management. Grootendorst was a principal shareholder …

POSTED SEPTEMBER 22, 2017 2:48 PM
Woodruff-Sawyer Names Kyle Vice President in Oregon
Woodruff-Sawyer & Co. has named Brandi Kyle vice president in employee benefits in the firm’s Portland, Ore. office. Kyle has 15 years of insurance experience. She was previously with Wells Fargo Insurance as an employee benefits consultant. She was a …

POSTED SEPTEMBER 21, 2017 6:12 PM
Oregon’s Cellphone And Distracted Driving Law Brings Bigger Fines, Jail
Oregon drivers soon can be pulled over for not only texting and talking on their cellphones, but also for navigating, using social media and any other “hands-on” cellphone and electronics use. The changes, which begin Oct. 1, call for repeat …

POSTED SEPTEMBER 21, 2017 2:37 PM
Fire That Threatened 100 Homes in Nevada Began at Construction Site
Fire investigators say a blaze on the west edge of Reno, Nev. that threatened as many as 100 homes and destroyed two construction trailers started at a home construction site. Truckee Meadows Fire Chief Charlie Moore says the specific cause …

POSTED SEPTEMBER 21, 2017 2:35 PM
Complaint from Whistleblower Targets California Utility Regulator
The former chief administrative law judge at California’s powerful utility regulator said this week she was fired for cooperating with investigators looking into collusion between regulators and executives from Pacific Gas & Electric. Karen Valentia Clopton announced that she’s filing …

POSTED SEPTEMBER 21, 2017 2:33 PM
2 Northern California Cities Are Suing Big Oil Firms Over Climate Change
California cities San Francisco and Oakland filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change, according to public documents. The lawsuits, filed in state courts …

POSTED SEPTEMBER 21, 2017 2:29 PM
Prospect General, Fortegra Launch Tenant Legal Liability Program
Prospect General Insurance Agency has partnered with Fortegra Financial Corporation, a Tiptree Financial, Inc. company to offer an admitted tenant legal liability program that allows landlords to protect properties from tenant caused damage. The program targets apartment buildings with five …

POSTED SEPTEMBER 21, 2017 4:20 AM
24 Indicted in Staged Crash Case in Vegas Involving $500K in Claims
Nevada’s top state prosecutor says 24 people have been indicted in a scheme alleging they staged car crashes and filed about $500,000 worth of fraudulent insurance claims in Las Vegas. Attorney General Adam Laxalt said the 68-count indictment filed last …

POSTED SEPTEMBER 20, 2017 2:16 PM

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