Insurance
Top stories summarized by our editors
10/17/2018

Insured losses from catastrophes are estimated to reach $13.7 billion worldwide in the third quarter, say analysts at Keefe, Bruyette & Woods. A high number of smaller events during Q3 likely will culminate in sizable losses, despite the fact that Q3 losses could be much lower year over year.

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Reinsurance News
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Keefe
10/17/2018

A working group of the National Association of Insurance Commissioners is crafting an online buying guide for life insurance that would supplement the NAIC Life Insurance Buyer's Guide. The online guide might include links for consumers seeking additional information, prompting the American Council of Life Insurers to urge caution.

10/17/2018

Uniontown, Ala., a small town with an 84% black population, has several areas subject to mass pollution from different sources, such as a landfill accepting coal ash and plants dumping waste into waterways. Many of the 2,300 residents have claimed city officials have allowed the town's unhealthy environment to persist because it is primarily black and poor.

10/17/2018

Sixteen cases of Legionnaires' disease in the Washington Heights neighborhood of Manhattan were reported by New York City's Department of Health and Mental Hygiene, and officials have confirmed one fatality in the group. The illness often results from improperly cleaned cooling towers transmitting infected water, and the city has ordered 11 towers to be immediately sanitized.

10/17/2018

A bill proposed by five City Council members in Washington, D.C., would have the city's power grid using entirely renewable energy sources by 2032. Current policy aims to have half of the city's energy coming from renewable sources by the same year.

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City Council
10/17/2018

The Environmental Protection Agency enacted regulations for underground storage tanks on Oct. 13. Among other requirements, sump and underdispenser containment systems tests, along with spill-bucket testing, must be conducted every three years.

10/17/2018

The acts of a third-party hacker, not the data security practices of a hotel subsidiary company, led to a data breach and therefore didn't trigger personal injury coverage under the parent company's liability policy, a Florida federal judge ruled recently.

10/17/2018

Aon's Cyber Solutions is pleased to present our review of the 2018 Cyber Predictions Updated report. The insights draw upon our experience working with security and risk professionals, as well as boards and the C-suite, to plan for, mitigate and manage the impact of cyber risk across the enterprise. Aon leaders in cybersecurity and cyber risk will discuss the 2018 predictions and if those predictions came to bear during the course of the year, as well as their first-hand experience and insights on proactive, reactive and risk transfer strategies. Register.

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aon.com
10/16/2018

At least 19 people have died as a result of Hurricane Matthew and volunteer organization CrowdSource Rescue estimates 1,300 people in the Florida Panhandle remain unaccounted for in the storm's aftermath. Michael's path through Florida included a direct hit to Tyndall Air Force Base, where many buildings were destroyed and hangars housing F-22 Raptor fighter jets were damaged.

10/16/2018

Insured losses of $6 billion to $10 billion could result from Hurricane Michael, according to an AIR Worldwide estimate that does not include losses covered by the National Flood Insurance Program. Experts say the reinsurance sector, meanwhile, appears likely to absorb losses from Michael without facing major disruption.

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Reinsurance News
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Michael, AIR Worldwide