One senior figure says more needs to be done before organisations truly understand their level of risk
One senior industry figure says more needs to be done to educate consumers
Source: Insurance Business Online Are brokers doing enough to close the protection gap?
Body hands down hefty undertaking as a result of “systemic failures”
Source: Insurance Business Online ANZ bank to pay out millions following ASIC reviews investigation
Strong winds took down a large hangar at Hobby Airport overnight when severe storms rolled through southeast Houston. No one was inside the hangar when it happened. No one was hurt. The Houston Airport System says the runway that was once covered by debris from the collapsed hangar reopened sometime after 3 p.m. Wednesday¸ but that part of a neighboring taxiway is still closed. According to HPD Lieutenant Larry Crowson¸ police received a call a little after midnight to assist the fire department at the hanger owned by Jet Aviation.
Source: The Claims Page – USA Strong Winds Collapse Hangar At Houston Airport¸ Millions In Damage
Cigna’s purchase of healthcare pharmacy benefit manager Express Scripts last month was just the latest insurer/PBM acquisition in an effort to control rising medical treatment and drug costs. There’s been quite a few pharmacy benefit manager (PBM) acquisitions in healthcare …
Source: Claims Journal USA Cigna’s Purchase of Express Scripts Unlikely to Affect Workers’ Comp
Firefighters have extinguished a two-alarm fire that caused heavy damage to two homes in the Pecan Gardens area of Virginia Beach. The fire also killed a cat at one of the homes. As of 4:30 p.m. another cat from the home where the one cat died was unaccounted for. Fire officials say two more cats were in the other home¸ but haven’t shared whether they’ve been accounted for at this time. The blaze started at a shed between the two homes in the 500 block of Grant Avenue just after 3 p.m. Firefighters received a call at 3:15 p.m. and got the fire under control approximately 30 minutes later. Investigators determined the fire was started by a juvenile playing with fire.
Source: The Claims Page – USA Two Virginia Beach Homes Burned By Kid Playing With Fire
A charter bus headed to the Masters golf tournament overturned on a Georgia interstate Thursday¸ injuring 15 people and snarling traffic as scores of fans made the pilgrimage to one of the sport’s premier events. The bus driver was charged with driving under the influence. The bus carrying 18 passengers crashed about 8:45 a.m. Thursday¸ just as fans were driving in for the tournament’s first round. Sgt. Chris Wright of the Georgia State Patrol said the driver ran off the right side¸ then overcorrected and caused the bus to overturn in the median. Some passengers suffered broken bones and head injuries¸ Wright said¸ but none were life-threatening.
Source: The Claims Page – USA DUI Driver Repeatedly Swerved Before Crashing Charter Bus
A team including an Iowa State University researcher studied Galveston, Texas, homes following Hurricane Ike, finding that the types of housing and homeowners – and how U.S. recovery policy handles each – played a major role in recovery outcomes. Sara …
Source: Claims Journal USA Research Reveals Coastal Housing Recovery Gaps After Disasters
A man in his 20s has died after being struck by a tractor attachment at a property at Carwarp, near Mildura.
Source: WorkSafe News Worker dies after being struck by tractor attachment
Scrapping the rebate would affect millions of low-income earners, critics say
Source: Insurance Business Online Labor seeks explanation for rebate cut on ‘junk’ policies