NEWS

Read what the experts read

Florida Appeals Court Deals Insurers a Win in AOB Fight with Policy Language Ruling

 - 09/20/2018
In a significant turn of events in the insurance industry’s fight against Florida assignment of benefits (AOB) abuse, Florida’s Fourth District Court of Appeal (DCA) has ruled that an insurer’s anti-assignment provision was not prohibited. But the battle isn’t over …

Alera Group Acquires Champion Benefits of Atlanta

 - 09/20/2018
Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired Champion Benefits of Atlanta. The company provides integrated, strategic benefit plans for clients with a fully integrated team including healthcare consultants, pharmacists, nurses, …

OSHA Fines Contractors $86K Over Miami Bridge Collapse

 - 09/20/2018
Contractors that worked on the bridge near a Florida university that collapsed, killing six people, have been fined more than $86,000 for workplace violations. The Miami Herald reported Tuesday that the Occupational Safety and Health Administration issued the fines for …

West Virginia Spared Worst of Florence Rains, Floods

 - 09/20/2018
Worried West Virginians got a reprieve when forecasts of potential devastating floods didn’t come to fruition from the remnants of Hurricane Florence. The storm brought 1 to 2 inches (2.5 to 5 centimeters) of rain in most parts of the …

S.S. Nesbitt Adds Fountain as Market Executive in Alabama ß Photo

 - 09/19/2018
S.S. Nesbitt, a Southeastern insurance agency and division of EBSCO Industries Inc., has appointed Senior Vice President L. Dickerson (Dick) Fountain as Market executive in Huntsville, Ala. Over the past year, S.S. Nesbitt’s Huntsville office has aggressively expanded both its …

Florence Floods: Hurricane Rating System Fails to Account for Deadly Rain

 - 09/19/2018
When meteorologists downgraded Hurricane Florence from a powerful Category 4 storm to a Category 2 and then a Category 1, Wayne Mills figured he could stick it out. He regrets it. The Neuse River, normally 150 feet away, lapped near …

After Florence Floods, Uninsured Awaken to Painful Reality

 - 09/19/2018
Flood insurance was far from Stephanie Walker’s mind in 2015 when she moved her family into a home in Fayetteville in central North Carolina, nearly 200 miles (320 km) from the coast. The next year, a creek at the end …

North Carolina Sets Up Insurance Camps, Victim Assistance Centers With FEMA, NFIP

 - 09/19/2018
Consumer assistance centers and insurance camps have been set up in areas of North Carolina affected by Hurricane Florence, according to a statement from North Carolina Insurance Commissioner Mike Causey. “We are going in to flood-ravaged areas to assist people …

Alliant Acquires Harbor Group Consulting of Miami

 - 09/19/2018
Alliant Insurance Services has acquired Harbor Group Consulting, a national insurance advisory for commercial real estate loans. Miami-based Harbor Group will join Alliant’s growing real estate practice, adding new resources and capabilities to Alliant’s risk and insurance platform. Founded in …

Tower Hill Specialty Expands Homeowners Products into Alabama

 - 09/18/2018
Tower Hill Specialty insurance products for homeowners are now available in Alabama, as the Ohio-based company expands its regional focus in the Southeast. Specializing in personal lines property products, Tower Hill Specialty now offers homeowners, dwelling fire, manufactured housing and …

Duke Restores Power to 1.2 Million in Carolinas as Florence Heads North

 - 09/18/2018
Duke Energy Corp., the biggest utility in the Carolinas, has faced a three-front war as it battles back against the wet and dangerously wild effects of Hurricane Florence. The company restored power to almost 80 percent of customers who went …

Hurricane Florence’s Surge Is Expected to Hit Homes That Already Cost the Government Millions: ProPublica

 - 09/18/2018
Though the flooding from Hurricane Florence is predicted to be unprecedented, residents of the coastal North Carolina towns threatened by the storm surge know what it’s like to take on water. Some homes in these areas have been repeatedly flooded …

Karen Clark & Co. Estimates $2.5B in Insured Losses from Hurricane Florence

 - 09/18/2018
Insured losses from Hurricane Florence will reach $2.5 billion, according to an estimate from Karen Clark & Co. The estimate of insured losses to residential, commercial, and industrial properties and autos comes from KCC’s High Resolution U.S. Hurricane Reference Model …

Duke Downplays Threat From Coal-Ash Spill in Carolina Storm

 - 09/17/2018
Duke Energy Corp. is confident most of the coal ash that breached a North Carolina landfill was contained at the site and that the spill doesn’t pose an imminent threat to public safety or the environment, a company official told …

Hurricane Florence Likely to Expose Gaps in Flood Insurance

 - 09/17/2018
The number of Americans with flood insurance is on the rise, yet Hurricane Florence is likely to make it painfully clear that too many homeowners in the Carolinas and other vulnerable regions remain unprotected. . An analysis of federal flood …