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Brexit Deadlock Deepens as Hopes Fade for Breakthrough During Crucial Week
The U.K. and the European Union are on course to miss this week’s key milestone on the road to a Brexit deal after talks broke up in stalemate on Sunday, people familiar with the matter said. A weekend of intense …

POSTED OCTOBER 15, 2018 8:30 AM
Philippines Weighs Plan to Sponsor Catastrophe Bond Issue
The Philippines’ finance ministry said on Sunday it was exploring a plan to sponsor a catastrophe bond issue, similar to the one launched by the World Bank early this year covering Latin American earthquakes. The so-called cat bonds would help …

POSTED OCTOBER 15, 2018 8:04 AM
FEMA Head ‘Ticked Off’ Over Cycle of Inadequate Storm Preparation, Insurance, Evacuations
Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and leaders to better prepare for natural disasters such as Hurricane Michael. “It’s frustrating to us because we repeat this same cycle over …

POSTED OCTOBER 15, 2018 5:00 AM
Relax, Uber’s Not Interested in Entering Insurance Business
While it is weighing providing benefits and insurance to its independent contractor drivers, ridesharing giant Uber is not interested in getting into the insurance business itself. Rather, the global transportation firm is content to focus on being an “intelligent purchaser” …

POSTED OCTOBER 15, 2018 5:00 AM
Aging Infrastructure Poses Risks for Communities Relying on Natural Gas
The kind of dramatic scenes that played out in suburban Massachusetts last month following a series of explosions and fires may serve as a warning of what lies ahead for the U.S., where an increasing reliance on natural gas is …

POSTED OCTOBER 15, 2018 5:00 AM
Karen Clark: Hurricane Michael Losses Could Reach $8B
Catastrophe modeling firm Karen Clark & Co. (KCC) estimates insured losses from Hurricane Michael will be close to $8 billion, according to the KCC high resolution U.S. Hurricane Reference Model. This estimate includes the privately insured wind and storm surge …

POSTED OCTOBER 15, 2018 4:34 AM
Market Changes Not Expected From Hurricane Michael; Florida Insurers ‘Heavily’ Reinsured
Losses to the insurance industry from Hurricane Michael, a Category 4 storm that hit the Florida Panhandle before continuing a path of destruction through several other Southeast states, will be substantial but nothing that will cause problems for insurers or …

POSTED OCTOBER 15, 2018 4:28 AM
Turbeville Insurance Agency of South Carolina Adds Former Hub International VP Gardner
Turbeville Insurance Agency (TIA) of South Carolina has hired Graham Gardner as vice president of Large Construction Insurance in the company’s Columbia location. Gardner has more than 20 years of experience in the insurance industry, most recently as vice president …

POSTED OCTOBER 15, 2018 4:24 AM
Hurricane Michael’s Destruction in Photos
Images compiled by Insurance Journal show the devastation to the Florida Panhandle caused by Hurricane Michael, which hit the region Oct. 10 as a Category 4 storm. Loss estimates range from $3 to $9 billion, according to catastrophe modelers, and …

POSTED OCTOBER 12, 2018 11:32 PM
Nevada Board Says $3.8M More Needed to Fight Wildfires
The Nevada Board of Examiners has recommended approval of an additional $3.8 million to cover the cost of fighting wildfires this past summer. The Nevada Appeal reports state forester Kacey KC told the board Tuesday more than 500 wildland blazes …

POSTED OCTOBER 12, 2018 6:57 PM

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