Insurance
Top stories summarized by our editors
10/18/2018

The National Highway Traffic Safety Administration should develop standards for devices that police can use in roadside testing for drug impairment in drivers, the National Transportation Safety Board said. The NTSB made its recommendation after its investigation that found a pickup truck driver was under the influence of marijuana and anti-anxiety medication at the time of a head-on collision with a church bus that killed 13 people.

10/18/2018

Floodwater along the Llano River in central Texas is receding after it approached record levels, affecting homes and leading to a bridge collapse. At least two deaths are blamed on the flooding.

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CNN
10/17/2018

Searching continues in Florida for several hundreds of people reported to have lost contact with friends and family members after Hurricane Michael, according to volunteer organization CrowdSource Rescue, although state officials have provided no official total of missing people. The storm's death toll is at least 27 across four states, and medical examiners are deciding whether an additional four deaths were storm-related.

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Michael
10/17/2018

A proposed ordinance in San Diego would mandate that Segway tour companies carry commercial liability insurance of at least $2 million per case and $4 million annually, hold special permits, and adhere to new safety procedures. Segway incidents have led to litigation against the city, which has paid out $1.7 million in one case and is facing a wrongful-death lawsuit in another.

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Segway
10/17/2018

The catastrophic storms of this year and 2017 are likely to force officials to rethink building codes and development restrictions in light of climate change, according to experts. One concern is that people may forget lessons learned from recent hurricanes as time passes.

10/17/2018

Use of detailed satellite imagery and radar by Lloyd's Market Association managing agents has risen 75% since last year's hurricane season as agents work to assess and pay claims more quickly. "The service is providing insurers with a real edge over global competitors, with many grasping the opportunity to use it to make swift decisions and payments," said Lee Elliston of Lloyd's Market Association.

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Reinsurance News
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Lloyd, Market Association
10/17/2018

The Llano River in central Texas approached a record level on Tuesday after two days of heavy rainfall. One person has been found dead in the flooding, which has prompted evacuations, affected homes and caused a bridge to collapse.

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CNN
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.